Vechain's deep dive cup n handle formation if it is, or not.
Well, i talk about this looks strongly like n cup n handle pattern. I say looks like, because i know the marktmakers know also that we as traders looking to trade
opportunities. Well lets go:
* You could clearly see that the start of building the cup no volume is coming in, but continues to struggle. Consolidation.
* At the end the bulls say's well this is enough, lets make some noise. Building up fase
* You see fanily some volume.
* let me notice the te start of the down rally the price is exactly 110 and the end of the cup formation is exactly 110 sats to. What about that?
* You see the price is dropping in the handle formation, thats good. Another lowertime frame consolidation. And bounched from 0.5 but i will teatch you that an other time. Also double bottom formation araround 68 sats.
What wee need to see now is:
* More volume that push te price to back above 100 sats continuation.
* Need to break the upperline of the handle formation
But be carefull mates, marktmakers are smart dudues, they make some time these patterns to catch you! And do something what yout don't see often!
Have a great day!
opportunities. Well lets go:
* You could clearly see that the start of building the cup no volume is coming in, but continues to struggle. Consolidation.
* At the end the bulls say's well this is enough, lets make some noise. Building up fase
* You see fanily some volume.
* let me notice the te start of the down rally the price is exactly 110 and the end of the cup formation is exactly 110 sats to. What about that?
* You see the price is dropping in the handle formation, thats good. Another lowertime frame consolidation. And bounched from 0.5 but i will teatch you that an other time. Also double bottom formation araround 68 sats.
What wee need to see now is:
* More volume that push te price to back above 100 sats continuation.
* Need to break the upperline of the handle formation
But be carefull mates, marktmakers are smart dudues, they make some time these patterns to catch you! And do something what yout don't see often!
Have a great day!