VENBTC Bearish Divergence to Complete Cup & Handle
Above I have outlined a cup and handle possibility with the handle retracing to 0.618 fib rather than 0.5 due to the volume and ichimoku cloud patterns acting as support during an upcoming correction. The bearish divergence on the RSI further adds to the upcoming handle. Two fib retracements show our next levels coinciding with the expected run we should get from a cup and handle (The expected run derived from the cup's lead up as shown with the % gain green bars).
It will be interesting to see if we make a larger cup with the two peaks at 81k.
This is my first post in a while as multiple posts were removed by moderators due to including links to the discord discussion server.
Feel free to join and ask to be added to notifications as analysts post charts for those on the server.
The link is still available on my profile, good luck trading!
It will be interesting to see if we make a larger cup with the two peaks at 81k.
This is my first post in a while as multiple posts were removed by moderators due to including links to the discord discussion server.
Feel free to join and ask to be added to notifications as analysts post charts for those on the server.
The link is still available on my profile, good luck trading!
Komen:
Bounced from the 0.618
Komen:
Found support at 45k
