Crest Ventures-RB breakout target done and C&H breakout pending
Its travelling in a parallel channel since 2020. So breaking out the parallel channel is a difficult task. Initially it formed as a RB breakout on Sep 2024 but proved it false due to the strong resistance of the parallel channel. The circle portion denotes the fake breakout area. Now it formed Cup and Handle pattern and the handle formation is going within a parallel channel. The day candle or the weekly candle closed right at the top of the descending parallel channel. Expecting to break the descending parallel channel in the upcoming week. Once the handle formation is completed, the target of 725 will be activated which will be the top of the ascending parallel channel. The chart says that the target will be achieved by March 2025.
Note: This is for educational purpose only
Note: This is for educational purpose only
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