If tezos can confirm this c&h breakout it will double in price

27 sept. 2021

Of course I won’t be taking this pattern seriously until I see a clear break above the rim line and then witness the rim line get retested as solidified support. Until then a variety of things could occur to invalidate the pattern. As of right now however it is looking pretty promising and worth keeping an eye on. Until then I will remain neutral.

28 sept. 2021

Note

Price action currently head3d backdown to retest the 50 ma (in orange) as support. I’d only worry about the pattern getting nullified if it breaks the support of the blue 200ma

5 oct. 2021

Note

Now above the rim line. If the next couple daily candles can maintain body support on the rim line it should validate the breakout. Must await confirmation.

6 oct. 2021

Note

Rim line is still resistance for now. May take a few attempts to break the line. This fish wont be reeled in so easily but it should tire of resistanting sooner or later

8 oct. 2021

Note

First stab above the rim line was a bit o a false alarm but it is currently forming a little bull flag with the last 10 candles or so. Many cup and handles don’t trigger the breakout of the first impulse above the rim line so I wouldn’t give up on this pattern as it will likely confirm a breakout within the next two times it breaches the rim line.

25 oct. 2021

Note

There is a chance that the rim line o this cup actually has a slight upward tilt to it in which case everything after the last big green candle is the handle.

11 nov. 2021

Note

Tezos still in its never ending handle.