Bitcoin 1h TimeFrame Cup & Handle Pattern (Support & Resistance)
Updated
The Cup & Handle chart pattern is definitely a bullish pattern so let's see how it works out here on the BTCUSD chart.
The chart signals are a bit mixed and we are on a decision point.
Let's have a look at the support and resistance levels on this timeframe.
The immidiate support for BTCUSD 1H sits at $20,146, we are strongly bullish above this level.
Followed by $19,721, which is the main support short-term.
As targets/resistance, above $20,440 we can easily expect additional growth.
Moving above this level, can push BTCUSD to $21,605 and beyond.
You can find these levels marked on the chart.
Namaste.
The chart signals are a bit mixed and we are on a decision point.
Let's have a look at the support and resistance levels on this timeframe.
The immidiate support for BTCUSD 1H sits at $20,146, we are strongly bullish above this level.
Followed by $19,721, which is the main support short-term.
As targets/resistance, above $20,440 we can easily expect additional growth.
Moving above this level, can push BTCUSD to $21,605 and beyond.
You can find these levels marked on the chart.
Namaste.
Trade closed: target reached
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