Cardano appears to be triggering a picture perfect cup & handle

9. Jan. 2019

of course there's always a possibility of a fakeout still but this break looks legit so far.

9. Jan. 2019

Anmerkung

we do need to see much more volume here on this breakout to prevent a fakeout though so I'm not completely sold on the cup and handle being triggered just yet but think probability favors a breakout confirmation.

9. Jan. 2019

Anmerkung

i'd say its best to wait for volume confirmation or if it goes back to test the cups rimline and solidifies that line as support by retesting it sveral times without flipping it to resistance then that is a good buy in zone.

12. Jan. 2019

Anmerkung

alas it appears as if it will end up a fakeout. thats not to so we couldnt retest breaking above the rimline again in the near future.