NANO Cup and Handle coming??? ( A few days to 1-2 weeks duration

27 févr. 2018

This is the ugliest drawing of one one the most beautiful charts in crytpo. Look for a pullback from recent high resistance ( coming soon we hope)down to the marked area near the fibonacci retracement zone.

We marked the cup, the handle, the recent high resistance, the stopping area around the fib line, and the rocket arrow that may be coming.


If you don't know cup and handles they are the old school favorite! This would be the equivalent of the modern moonshot rocket, haha! Cut and paste below into your browser and see what I am thinking.

investopedia.com/terms/c/cupandhandle.asp


This is only a guess at what is coming. More of a reading of the tea leaves than 100% sure this is to happen ( like all Technical Analysis.)Stay safe out there. trade with stops and exit plans higher and lower.


This will play out over the next few days and weeks.

28 févr. 2018

Note

And there it is. I DID NOT SEE THE longterm down trend line from all time high to new recent high. Pushed us down here. I was stopped out and looking for new entry point here on short term RSI weakness. Stay safe, tight stops and an exit plan, capital preservation is key always!