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🐒 A possible CUP and HANDLE chart pattern may still be forming on the STEEM chart . I have included 2 different charts .The first chart is of the Steem price in $USD recorded everyday at 7:00 AM EST .By recording the price in this way I eliminate the highs and lows and the price is therefore just the price everyday at 7:00 AM EST in $USD.
🐒 The second chart is a daily Steem chart from Bittrex in BTC-STEEM and not in $USD. The cup and handle are more fully formed in this chart.If the price breaks above the red line look for an objective of 0.00111710 according to the rules of a cup and handle chart pattern.
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Below Chart #1 = Steem price in $USD recorded everyday at 7:00 AM EST
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Below Chart #2 = Daily Steem chart from Bittrex in BTC-STEEM and not in $USD.
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SUMMARY
🐒 The cup is formed on both charts and the handle is more fully formed on the chart from Bittrex also the handle is beginning to form on chart #1 . The objective if the cup and handle complete and breakout above the 0.00060602 area on chart #2 would be the 0.00111710 area according to the rules of a cup and handle chart pattern. . The objective on chart #1 in $USD would be around the $7.00 area according to the rules of a cup and handle chart pattern.
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DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
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To learn about the cup and handle chart pattern go here :
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation
SUMMARY
🐒 The cup is formed on both charts and the handle is more fully formed on the chart from Bittrex also the handle is beginning to form on chart #1 . The objective if the cup and handle complete and breakout above the 0.00060602 area on chart #2 would be the 0.00111710 area according to the rules of a cup and handle chart pattern. . The objective on chart #1 in $USD would be around the $7.00 area according to the rules of a cup and handle chart pattern.
🐒
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
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nice update from your cup and handle @me-tarzan steem is really souring high. thats nice
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Thanks for you....
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This user is on the @buildawhale blacklist for one or more of the following reasons:
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Apparently then the steem has begun to recover. I sense that next week will bring good news for everyone. Thanks for your valuable information.
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your consistency is nice. good job sir
always valuing your update.
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Please Stop - @peks
You just said "good job" and in your your last 100 comments you used 32 phrases considered to be spam and you made this exact same comment 1 times. You've received 0 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 53.30% and Bot: 0.80%
Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.
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Interesting as forward moves might be charting in crypto has parallels for sure!!Good eye... Lets hope you have called a strike!!
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