The current cup and handle formation on the logarithmic parabolic trend suggests we'll see a distribution and consolidation phase throughout October. After November 5, the handle is expected to meet the parabola. Measuring the depth of the cup projects a price target of 0.045, which aligns with the 0.786 Fib retracement and other confluence zones.
In terms of timing, the handle indicates a breakout around November 14 ±, and we could hit 0.045 within 1-2 months post-breakout.
Other key price targets based on the parabola:
April: 0.146
May: 0.3
June: 0.62
July: 1.325
I'll be watching for a parabola breakdown or BTC.D breakdown to secure significant gains—catching the ultimate top isn't my priority.
In terms of timing, the handle indicates a breakout around November 14 ±, and we could hit 0.045 within 1-2 months post-breakout.
Other key price targets based on the parabola:
April: 0.146
May: 0.3
June: 0.62
July: 1.325
I'll be watching for a parabola breakdown or BTC.D breakdown to secure significant gains—catching the ultimate top isn't my priority.
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.