Gather around friends, let's take a look at @VoxieTactics $VOXEL chart today. It is about to complete the #Voxel Cup formation, which has not shown sufficient movement for a long time.
In this formation, asset prices generally show a downward trend and then slowly form a cup-shaped bottom, and trading volume generally declines. After the peak formed by the cup, asset prices show a slight correction and form a handle-shaped pattern.
The handle usually occurs with a lower volume.
The height of the cup handle formation can be determined by measuring from the bottom of the cup to the top of the handle. The target price usually indicates the size of the expected upside if the top of the cup is reached.
This formation is considered a harbinger of a potential rise. YTD.
My target is above $1, but the first target is 0.45 levels. I will keep it because of its supply, volume and being on Binance.
