We see the formation of cup & handle is on forming the final lines..
At same time the formation of handle is a flag formation.
looks that the price will drop at 52500 - 51000 but this is the trap as traders will keep shorting...
at the moment i write this post there is liquidetion of short positions at 66700 778 million dollars.
final we need 1-3 days until price break the flag formation and 1-3 days more to break the PH at 73600$.
long swing target 122.000 $
entry 60800
stop 55800
take profit 121800
RR 1/12
100% spot profit.
At same time the formation of handle is a flag formation.
looks that the price will drop at 52500 - 51000 but this is the trap as traders will keep shorting...
at the moment i write this post there is liquidetion of short positions at 66700 778 million dollars.
final we need 1-3 days until price break the flag formation and 1-3 days more to break the PH at 73600$.
long swing target 122.000 $
entry 60800
stop 55800
take profit 121800
RR 1/12
100% spot profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.