Cup and Handle MVI
Cup and Handle MVI
Many assets in the MVI had huge runs in the last two weeks and are currently in short term correction phase, aligning with the handle dip in the cup-and-handle pattern.
I am looking for a break-out as profits flow from the gaming nft assets into btc + eth (happening at time of writing), then back into nft and this index as more institutional interest comes in and eth price rises/pumps.
65-68% probability this pattern preceeds upside continuation.
Looking at short term and mid term market phases, I will take note of how DPI and MVI cycle
Many assets in the MVI had huge runs in the last two weeks and are currently in short term correction phase, aligning with the handle dip in the cup-and-handle pattern.
I am looking for a break-out as profits flow from the gaming nft assets into btc + eth (happening at time of writing), then back into nft and this index as more institutional interest comes in and eth price rises/pumps.
65-68% probability this pattern preceeds upside continuation.
Looking at short term and mid term market phases, I will take note of how DPI and MVI cycle
Penafian
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