Coinbase GlobalLong
COIN- Cup and Handle Formation
There is more to this, but the basic formation is here. Other systems seem to also support the formation (such as Gann, and Harmonics).
There are a few 6 month candles overlaid in the entry to this that I was creating- illustrating the 6 month gains to form the cup. The handle portion did catch me off guard as we are typically use to seeing a cup form at the initial correction, but this one seems to have formed inside of the down move (very interesting).
Lets see how it works out. If true- its 50% gain on the bone here.
There are a few 6 month candles overlaid in the entry to this that I was creating- illustrating the 6 month gains to form the cup. The handle portion did catch me off guard as we are typically use to seeing a cup form at the initial correction, but this one seems to have formed inside of the down move (very interesting).
Lets see how it works out. If true- its 50% gain on the bone here.
Moorsc0de aka Crypt0nomics aka Zaphkiel
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