Long
Sonm testing bullish support lines, possible cup & handle
Sonm, which I'm personally very bullish on from a tech perspective, has recently broken a major support line (A.) but did bounce off a second (B.)
My best bullish prediction would be that we are forming a massive cup and handle , this is further support if you view the daily where the recent mini-crash failed to close any candles above the cup line.
As usual, i will look for a fresh influx of volume ALONG with a bearish break from the handle as an indicator to pull out.
Here's the handle on the daily
My best bullish prediction would be that we are forming a massive cup and handle , this is further support if you view the daily where the recent mini-crash failed to close any candles above the cup line.
As usual, i will look for a fresh influx of volume ALONG with a bearish break from the handle as an indicator to pull out.
Here's the handle on the daily
Note
A slight re-draw of the handle may show we're still on track
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.
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.