Big Cup & Handle pattern forming!

2024年3月27日

Previously, the price had formed an inverse Head & Shoulder, which the price broke to the upside! Currently, it appears that the price is forming another bullish continuation pattern, namely a Cup & Handle pattern. If the price manages to break above the resistance zone, we could see $76k, which is the same target as for the previous Head & Shoulder pattern!

Here's an interesting observation: During the last bull run, once the price surpassed the previous ATH, it experienced an 18% retracement before surging significantly. Currently, a similar pattern is emerging; the price has breached the prior ATH of 69K, followed by an 18% pullback. Now, it looks like it's on the rise again!

2024年3月27日

註釋

2024年3月28日

註釋

Still within the bull flag!

2024年3月28日

註釋

Broke the flag to the upside!! Lets see if it got the momentum to break the resistance zone!

2024年3月29日

註釋

Needs to break the resistance zone in order to continue higher!