A POSSIBLE CUP AND HANDLE MAY STILL BE FORMING ON STEEM CHART
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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 $7.00 area according to the rules of a cup and handle chart pattern.
🐒
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
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you are doing a great work with your daily chart @me-tarzan
nice work sir.
Good work and wonderful wish you more tender
what a nice chart (cup and handle chart) on steem price and btc. i like your daily analysis.
Interesting read! Thank you very much for the analysis that you have shared with the community!
so in nearly weeks I believe if no negative sentiment of crypto market, STEEM will gain to 6$
Thanks for sharing trading
I appreciate your blog.
Good job and beautiful blog my dear friend.
I appreciate your your every blog.
Thanks for sharing trading.