Just tickling the neckline...volume looks good...may need a little recharge before it goes for it, but keep an eye out...
Yorum
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Got about half way there, looks like we're probably at the bottom of the pullback & there's some bullish divergence going on - so we should be heading back up soon. But with bitcoin STILL hitting new highs, and ETH falling a little bit, it's possible we could lose momentum. Keep an eye on it though and make sure you've got stop losses set!
Good job ! How did you come up with that exact target ? Is it the lenght of the arrows ?
Oops_I_Charted
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@TraianIonita, yup - it was a cup & handle. Generally to find the target you measure the depth of the bowl, and measure that same distance up from the neckline (the green dotted line forming the top of the bowl)
I was a little surprised that it reached the target since there was that big spike down, which normally would have invalidated the pattern, but maybe it was ignored since it was caused by the bitcoin crash, or maybe it's just a total coincidence that it hit the target :)