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17. Apr. 2021 20:26

Hopeful DOGE Cup & Handle: Return to $0.40 Short

Dogecoin / US DollarBittrex

Beschreibung

Very short window to form a cup and handle pattern, but Crypto seems to do everything faster than traditional stocks.

Certainly the initial handle formation candle wicked down to 1/2 the depth of the cup, which is a good indicator.

Kommentar

Small wick below but holding at 1/2 the cup this hour. Volume should decrease before we take off upward again.

Kommentar

Volume is decreasing at the bottom of the handle, further support for Cup and Handle.

Kommentar

Unfortunate, this did not pan out.

The candles are too far down the cup depth to be a cup and handle pattern.
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