$via $viabtc Multi-Year Cup and Handle #ViaCoin $crypto
VIA is completing a multi-year cup and handle. Generally the bigger the pattern, the bigger the move. Completion of a multi-year cup and handle could result in a significant bull trend, which feels strange to say as the depth of the cup is already a 15,000% gain.
Even a relatively modest bull estimate (in crypto terms) at the 2.618 Fibonacci extension of the handle high and low puts a target at .002 BTC, which is also a nearly identical target provided by measuring the low to high move from the cup pattern. This is an over 900% gain from the bottom of the handle (which also happens to be a near exact .786 retracement from the full cup move), or a 125% gain from confirmation of the cup and handle breakout.
Assuming there is not significant crypto legislation that turns the market bear prior to then, this looks achievable some time in mid-2018 should the cup and handle pattern complete.
Even a relatively modest bull estimate (in crypto terms) at the 2.618 Fibonacci extension of the handle high and low puts a target at .002 BTC, which is also a nearly identical target provided by measuring the low to high move from the cup pattern. This is an over 900% gain from the bottom of the handle (which also happens to be a near exact .786 retracement from the full cup move), or a 125% gain from confirmation of the cup and handle breakout.
Assuming there is not significant crypto legislation that turns the market bear prior to then, this looks achievable some time in mid-2018 should the cup and handle pattern complete.