Big Cup & Handle pattern forming!

27 thg 3

Previously, the price had formed an inverse Head & Shoulder, which the price broke to the upside! Currently, it appears that the price is forming another bullish continuation pattern, namely a Cup & Handle pattern. If the price manages to break above the resistance zone, we could see 76k, which is the same target as for the previous Head & Shoulder pattern!

Here's an interesting observation: During the last bull run, once the price surpassed the previous ATH, it experienced an 18% retracement before surging significantly. Currently, a similar pattern is emerging; the price has breached the prior ATH of 69K, followed by an 18% pullback. Now, it looks like it's on the rise again!

27 thg 3

Ghi chú

28 thg 3

Ghi chú

Still within the bull flag!

28 thg 3

Ghi chú

Broke the flag to the upside!! Lets see if it got the momentum to break the resistance zone!

29 thg 3

Ghi chú

Needs to break the resistance zone in order to continue higher!