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Hello, Binance Square!
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CandyShopp
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As per my last post about cup and handle formation for #AXSUSTD , this coin is performing well Soon it will be $18 soon What do you think? $AXS $BTC $ETH
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Cup and handle formation Might be $18 soon The cup should be rounded and resemble a U shape, not a sharp V. The cup should not be overly deep. The base depth should be 12-35%. The handle should be smaller than the cup. The handle is usually the pullback from the higher end of the cup. The pullback is usually about 1/3rd of the size of the prior advance. The handle should also be less than two-thirds the length of the cup below it. The low of the handle should not be more than 12% below the handle high. The cup usually forms over a period of 1-6 months or even longer. The handle ideally forms over a span of 1-4 weeks or even higher depending upon the time period of the cup. Volume should be high in the initial breakout followed by a low-volume consolidation. Volume should decrease as prices decline and remain lower than average in the base of the bowl. When price breaks out of the handle's trading range, it signals a continuation of the prior trend. The pattern is a form of (ascending) triangle $AXS $BTC $ETH #BTC #Write2Earn
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Best APR 34%#axsinfinity $AXS
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Power of ETH $ETH
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