BTC USD Cup and handle

22. Okt. 2019We're now in a cup and handle pattern in the hourly chart. This implies the possibility of a short term uptrend. We have a very clear diagonal resistance line in an ascending channel with a very strong possibility of a breakout within the next 2 days.

Elements to take into consideration:

• Resistance line
  Daily chart ascending channel
  Cup and handle formation
  Height of the cup
  Stop loss below the handle
  

This is a trading example and is not financial advice.

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