All indicators are seemingly bearish at the time of publishing, but I just watched the candle and the volume change from red to green and back on the daily while the candle on the 4H did the same before my very eyes. And wouldn't you know it, the 4 hr candles have been playing a game of jump rope with the SMA just to make it difficult to read. And the RSI on the daily looks to be oversold, but check out where it was on the 6th through the 8th! And if you play with the zoom you will notice a Symmetrical Triangle has formed, which can break up or down (they usually break within the trend). Yet with all that said, the Cup and Handle pattern is playing out in a normal fashion. Just don't enter a long unless you see breakout on the daily confirmed by a 4 hr candle closing above the cup line. Once that happens go for it and buy the breakout. If the Cup and Handle pattern starts to fail instead then just short it and buy it back when it's a little cheaper....see how easy it is :) Happy trading!
P.S. If you want to see the Symmetrical Triangle look up keifer and see his most recent BNB chart. It may make it easier for you by giving you two points of reference.
P.S. If you want to see the Symmetrical Triangle look up keifer and see his most recent BNB chart. It may make it easier for you by giving you two points of reference.
