Cup and Handle ZRX/BTC 4 Hr

Updated

0X looking like a gdax candidate hopefully Coinbase after that

Cup and Handle forming on zrx/btc 4 h charts

Volume low as pattern consolidating just above left side cup and previous ATH

Right side of cup is formed and RSI is sittin on 55

Decision time...

Im stalking for new trend to establish

Trade active

Handle beginning to form nicely dipping below top of cup (green line)

Multiple limit oders set down handle to previous solid support near 16,000 sats

This is a large cup so handle may take time to fully establish

Note

Still buying down the handle until volume increases here

Trade active

Note

Bottom orange line is the halfway point of bowl
If pattern dips below it will become invalidated
The yellow and blue lines represent support areas
Handle is still forming, could bounce off support to complete upward formation
Looking for strong surge in volume to cross cup and handle target and initiate run

Note

Will wait to see if support falls and bounces off 2nd support level in yellow.

Note

A large green candle and massive bounce off yellow support has price near green ceiling.

A spinning candle on current 4 hr charts reveals indecision and im watching the next few hours to see if upward trend continues

If so the green ceiling could be shattered

If not downtrend will continue and potentially invalidate C&H.

Note

jhuntman10

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