ICON / Bitcoin
Long
Zaktualizowano

Possible Cup and Handle on ICXBTC 4h Chart

405
ICXBTC seems to create a cup and handle pattern on the 4h chart at an interesting spot, since it sits right at the upper limit of a wedge that stood strong since mid february. if the cup and handle pattern is confirmed and it breaks through the resistance, it would push the price above the kumo cloud as well, which would confirm the buy signal of the Supertrend Indicator. Should the candles close above the wedge and confirm the break out, we could be looking at a possible continuation of the upwards trend from January-mid February?

Would love to hear your thoughts. Since it's my first published idea.. :)

No financial advice, just the idea of a caffeine junkie, seeing coffee mugs everywhere.
Uwaga
Lower TF (15m) shows RSI oversold with bullish divergence. Handle just might have bottomed out..
Uwaga
Target reached!

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