I do not know how you like your Cup with Handle, but i like earl grey with a slight shot of lemon in the morning!
Let's see if ETH breaks the resistance and ATH, if ETH breaks above and holds this level, we will have a very strong bullish move further to the North.
As we all know, BTC is the main player, but there are alot of bullish signs in BTC and ETH. Next week, the SEC is set to allow bitcoin futures ETFs to begin trading, so who is going to sell the news when we had these rumors? For BTC we haven't reached ATH yet, the chart has a potential Cup with Handle too. In trading, feelings and "assumptions" are death to a trade, it's always good to trade reactively. We might see a push to ATH for BTC and a correction, a possible handle. But these are assumptions. Let's give it few weeks and we know for sure if we have a break of this formation, the setup looks very good for now!
Also, the falling wedge (yellow) as continuation with a further move up looks good in my eyes.
As always, time will tell!
Let's see if ETH breaks the resistance and ATH, if ETH breaks above and holds this level, we will have a very strong bullish move further to the North.
As we all know, BTC is the main player, but there are alot of bullish signs in BTC and ETH. Next week, the SEC is set to allow bitcoin futures ETFs to begin trading, so who is going to sell the news when we had these rumors? For BTC we haven't reached ATH yet, the chart has a potential Cup with Handle too. In trading, feelings and "assumptions" are death to a trade, it's always good to trade reactively. We might see a push to ATH for BTC and a correction, a possible handle. But these are assumptions. Let's give it few weeks and we know for sure if we have a break of this formation, the setup looks very good for now!
Also, the falling wedge (yellow) as continuation with a further move up looks good in my eyes.
As always, time will tell!