Cup & Handle bullish breakout for ROSE
As for the 1st Cup & Handle of 2021, ROSE (Oasis Network) has just experienced the formation of a 2nd Cup & Handle. Smaller like a fractal of the first C&H.
The bottom and rebound of this new handle has just been validated halfway up the cup.
We are even already seeing a first bullish breakout of this pattern.
Whatever the height of the cup is, add that height to the breakout point of the handle: you have the target, almost 0.70 $
The handle can still form a descending falling wedge (represented in white dotted lines as on the first C&H), allowing to take this long at a better starting price.
The bottom and rebound of this new handle has just been validated halfway up the cup.
We are even already seeing a first bullish breakout of this pattern.
Whatever the height of the cup is, add that height to the breakout point of the handle: you have the target, almost 0.70 $
The handle can still form a descending falling wedge (represented in white dotted lines as on the first C&H), allowing to take this long at a better starting price.
Penafian
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