We're now in a cup and handle pattern in the hourly chart. This implies the possibility of a short term uptrend. We have a very clear diagonal resistance line in an ascending channel with a very strong possibility of a breakout within the next 2 days.
Elements to take into consideration:
This is a trading example and is not financial advice.
More info on Bitwolf Capital Algorithmic Trading Hedge Fund
Website: bitwolfcapital.com/
Medium: medium.com/@bitwolfcapital
Telegram Group: t.me/BitwolfCapital
Telegram Announcement Channel: t.me/BitwolfCapitalChan
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Elements to take into consideration:
- Resistance line
Daily chart ascending channel
Cup and handle formation
Height of the cup
Stop loss below the handle
This is a trading example and is not financial advice.
More info on Bitwolf Capital Algorithmic Trading Hedge Fund
Website: bitwolfcapital.com/
Medium: medium.com/@bitwolfcapital
Telegram Group: t.me/BitwolfCapital
Telegram Announcement Channel: t.me/BitwolfCapitalChan
Facebook: facebook.com/BitwolfCapital
Twitter: twitter.com/BitwolfC
Instagram: instagram.com/bitwolfcapital/
Linked-in Company profile: linkedin.com/company/bitwolf-capital
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.