New price movement as it waits to break it ATH. The following patterns were used to determine the price movement on AE, CUP&HANDLE and High and tight flag.
THE HIGH AND TIGHT FLAG:
High and tight flags are the best performing chart pattern in both bull and bear markets. Even though the break even failure rate is 0%, this pattern does fail(MOST TIMES)
Price trend Upward leading to the pattern. The price should rise by at least 90% in less than 2 months(or lesser).
A consolidation pattern forms after price doubles. It usually doesn't look like a flag or pennant, just a pause in the price rise.
The Volume Recedes for best performance and The pattern confirms as valid when price closes above the highest peak in the pattern.
Price is broken out og the flag, a buy signal will only be given when it closes out the flag(not the wick but the body)
THE CUP AND HANDLE PATTERN
For more details on cup and handle plss check ( https://ci.covesting.io/tradeidea/strbtc )
The cup is completed while a pull back down to the 0.5fibonacci retracement level, which is a strong support level inside the handle, a breakout from the handle is currently ongoing. Only when price closes outside the handle which will is a buy signal to go long until targets are met.
Technicals suggest the continuation of an ongoing bull trend .
BUY : 0.0005352sats
SELL: 0,.0007664sats up to 0.0010229sats
STOP LOSS: 0.0003383sats
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.