$UTK Cup & Handle formation 1D
UTK
1D CHART
Very nice looking Cup and Handle fractal forming on UTK.
TARGET PRICE $1.25 although if you are going to set a limit sell then I would set it a little under this, maybe $1.20 in case we don't hit perfectly!
As we are seemingly in the beginning of a nice little alt season, this could well play out nicely 🦾
Breakout expected around the 16th September...
SAFE PLAY
Entry within the box labelled ENTRY ($0.71 - $0.77) - wait until we have breached the neckline and retested before buying in. Stop loss set between $0.58-0.67 for roughly 10:1 risk to reward.
AGGRESSIVE PLAY
Buy at any point around this range we are in now ($0.40 - $0.50) and set yourself a stop loss below support which is also marked in the chart ($0.36 - $0.40). Buying at current price would be a 15:1 risk to reward with the stop loss set at $0.40 (provided the fractal plays out)
PLEASE NOTE
Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital.
It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this đź’«
Trade safe guys,
PumpeyeTheTraderMan and Team Crypto Society ❤️
1D CHART
Very nice looking Cup and Handle fractal forming on UTK.
TARGET PRICE $1.25 although if you are going to set a limit sell then I would set it a little under this, maybe $1.20 in case we don't hit perfectly!
As we are seemingly in the beginning of a nice little alt season, this could well play out nicely 🦾
Breakout expected around the 16th September...
SAFE PLAY
Entry within the box labelled ENTRY ($0.71 - $0.77) - wait until we have breached the neckline and retested before buying in. Stop loss set between $0.58-0.67 for roughly 10:1 risk to reward.
AGGRESSIVE PLAY
Buy at any point around this range we are in now ($0.40 - $0.50) and set yourself a stop loss below support which is also marked in the chart ($0.36 - $0.40). Buying at current price would be a 15:1 risk to reward with the stop loss set at $0.40 (provided the fractal plays out)
PLEASE NOTE
Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital.
It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this đź’«
Trade safe guys,
PumpeyeTheTraderMan and Team Crypto Society ❤️
BiloCrypto
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