Perfect Cup - Will we get a handle?

9 giu 2021

Lower time frames have formed a perfect and extremely bullish cup pattern. Will we get a handle or just break right through this resistance? If we break through, 42K would be the target. If we get a handle, look for it to go down to the lower blue line at around 34,800. If that line breaks, the cup & handle would become invalidated and we'd likely get continuation of our downtrend to the lower 30Ks and maybe even upper 20ks.