dchua1969
Short

Law of Gravity at work

BITTREX:ADABTC   Ada / Bitcoin
Blue dotted line - support line

Inverse Cup and Handle pattern - another smaller inverse cup and handle is forming in process, giving buyers a false sense of breakout before it pulls back again to hit below the support line. Also, notice the MACD is going to cross over, if it does, then short term, it would goes up.

Let's see if it turns out the way as per my chart.
hi. what happens after the handle pattern finishes?
Antworten
dchua1969 flameguster
@flameguster, thanks for dropping by. as you can see from chart, the 2nd C&H pattern did not materialise. The price action is now in a consolidating phase. See my updated chart coming up
+1 Antworten
flameguster dchua1969
@dchua1969, ok bruv. thnx
Antworten
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