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Clear C&H breakout for PHB/BTC
Phoenix / Bitcoin
Long
Clear C&H breakout for PHB/BTC
By aleXChas7
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Feb 15, 2021
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Feb 15, 2021
PHBBTC
Another insteresting set up for PHB / BTC
We have a clear cup and handle formation on the daily chart that has already been broken out with a successful retest at 18sats
C&H formations are rare patterns that when they come into play are usually strong and means reversal
Here we formed a rounded bottom and as the trend started the upwards movement we also got rising volume which points that bullish sentiment is in play
The coin should continue from here and might offer at least a 100% returns
Potential take profit areas are marked on the chart with red
Happy trading y'all
Cup And Handle
Trend Analysis
aleXChas7
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