KennySniper

ADA/BTC Cup and Handle Pattern

BINANCE:ADABTC   Cardano / Bitcoin
This chart formed a nice Cup&Handle pattern. We have our targets set with the pink lines (Tgt 1 and Tgt 2). These targets were found based off the C&H price target method. I set thicker black lines within these pink lines for a more profitable (in comparison to Tgt 1) but still a more conservative range (in comparison to Tgt 2) to take profit at. These targets were formed using the Fibb Retacement tool starting from the beginning of the breakout to Tgt 2. The MA's also look strong on a lot of different time frames with RSI looking to extend out. Hope this helped!

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