W-bottom and Cup & Handle

5 Des 2017

Neo recently had a W-bottom with a support around 0.0032 and a resistance around 0.0037. The right half of the W formed a lovely cup and now we're waiting for a handle to form. Confirmation of a handle set at 0.0037 with a breakout to follow. Entering now at the predicted bottom of the handle presents a 10% risk with a potential 12% gain to the next line of resistance.