Potentially seeing a Cup and Handle pattern forming.
It looks like we might be seeing the formation of a cup and handle, or possibly even just a rounding bottom if the handle doesn't exist. If we see movement upwards in the next 12-24 hours, this pattern might become a reality. If it is, in fact, a cup and handle pattern, we will see a breakout upwards from the handle and heading to the resistance zone of $6,000.
DYOR
DYOR
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.