XLM/BTC Cup and Handle - Possible 90% profit opportunity
What I'm seeing here on the XLM/Lumens daily chart is a nice cup formation with an A-B-C wave retracement pattern handle.
Here we can see the A and B waves completed and the C wave commencement, which I predict will complete at previous structural resistance.
By measuring the height of the right peak from the bottom of the cup and adding this value to our breakout point, we get a price target of between 12.5-13k sats or around 90% profit if you trade from the breakout.
Of course, please be careful while BTC is swinging it's dick around.
Please share any thoughts, comments and suggestions!
If my drawings make you money, consider buying me a beer!
BTC: 1MADCUNTXBehPrCfvBSEGQNedv67691SdJ
LTC: LeMaDcUnt8mZAUmLk36pzWtirGBhj1Yqy2
ETH: 0x2Caf3Bd38C2Ed142e4730b83f818AEc4E979FCcc
~Not financial advice, trade at your own risk~
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