Synthetix BTC pair forms picture perfect Cup&Handle + Inv H&S

29 Ogo 2020

Already above the inverse head and shoulders neckline here and it's measured move breakout target should take price action above the rimline of the cup and handle which is one of the more perfectly rounded cups I've seen in awhile. As always it's wisest to wait until the cup and handle breakout confirms here but probability looks to be favoring it slightly considering it already seems like the inv h&s seems to be confirming. *not financial advice*

1 Sep 2020

Nota

We can see we've come very close to hitting the inv h&s target. After that we shoot for the cup and handle target. That could result in 1st retesting the rimline but we'll have to wait and see. A confirmed support retest on the rimline is always a good dip buying opportunity but only once support is confirmed.

2 Sep 2020

Nota

inv h&s target hit but we have fallen ack under the C&h rimline