TurboLong
TURBO Cup and Handle Formation
The current cup and handle formation on the logarithmic parabolic trend suggests we'll see a distribution and consolidation phase throughout October. After November 5, the handle is expected to meet the parabola. Measuring the depth of the cup projects a price target of 0.045, which aligns with the 0.786 Fib retracement and other confluence zones.
In terms of timing, the handle indicates a breakout around November 14 ±, and we could hit 0.045 within 1-2 months post-breakout.
Other key price targets based on the parabola:
April: 0.146
May: 0.3
June: 0.62
July: 1.325
I'll be watching for a parabola breakdown or BTC.D breakdown to secure significant gains—catching the ultimate top isn't my priority.
In terms of timing, the handle indicates a breakout around November 14 ±, and we could hit 0.045 within 1-2 months post-breakout.
Other key price targets based on the parabola:
April: 0.146
May: 0.3
June: 0.62
July: 1.325
I'll be watching for a parabola breakdown or BTC.D breakdown to secure significant gains—catching the ultimate top isn't my priority.
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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.