Possible Cup and Handle on ICXBTC 4h Chart
ICXBTC seems to create a cup and handle pattern on the 4h chart at an interesting spot, since it sits right at the upper limit of a wedge that stood strong since mid february. if the cup and handle pattern is confirmed and it breaks through the resistance, it would push the price above the kumo cloud as well, which would confirm the buy signal of the Supertrend Indicator. Should the candles close above the wedge and confirm the break out, we could be looking at a possible continuation of the upwards trend from January-mid February?
Would love to hear your thoughts. Since it's my first published idea.. :)
No financial advice, just the idea of a caffeine junkie, seeing coffee mugs everywhere.
Would love to hear your thoughts. Since it's my first published idea.. :)
No financial advice, just the idea of a caffeine junkie, seeing coffee mugs everywhere.
Note
Lower TF (15m) shows RSI oversold with bullish divergence. Handle just might have bottomed out..Note
Target reached!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.