Please see trade for information. Potential cup and handle pattern and breaking downtrend. Would trade after confirmation of the broken downtrend on re-test and for more conservative trade on break of neckline for cup and handle formation. Would love some feedback as I'm new to TA, thanks.
Nota
Should slightly re-trace to test downward trendline. Also, if it break downward trendline and continues down, it looks like support around .32 - .33 with potential for inverse head and shoulders. I am only buying on downward trendline re-test and support, thanksNota
Almost at the neckline, already tested resistance there, get ready!Nota
I would be going by daily, so we could be ranging for a while, it's not like this would happen in minutes or hours, but you never know. Last candle looks like it will retrace a bit on the daily.Nota
Really this is an inverse head and shoulder/cup and handle, check out chiliz too, same things, both at neckline nowNota
it's broken the neckline and liveNota
broke back down below neckline, but didn't close, it will go with BTC like so many other alts, which IMO is down
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.