Hi traders,
Probably one of the best cup & handle patters that I've ever seen. $REEF still need to break the downtrend RSI and turn the TTM in dark purple.
The microview of the market is bullish, and it's important to remain like that if we want to see a breakup of this asset.
Also fundamentals are great.
Enter after the retest of the resistance (new support).
There are two targets:
1.- The size of the handle, that is also in confluence with the fibonacci golden pocket.
2.- The size of the cup, that bring us to the 0,786 of fibonacci.
Use your own risk management.
Safe trade, Calderius.
Probably one of the best cup & handle patters that I've ever seen. $REEF still need to break the downtrend RSI and turn the TTM in dark purple.
The microview of the market is bullish, and it's important to remain like that if we want to see a breakup of this asset.
Also fundamentals are great.
Enter after the retest of the resistance (new support).
There are two targets:
1.- The size of the handle, that is also in confluence with the fibonacci golden pocket.
2.- The size of the cup, that bring us to the 0,786 of fibonacci.
Use your own risk management.
Safe trade, Calderius.