Cup and Handlemania Cardano, Icon, Stellar (ADA, ICX, XLM)Here is an analysis of 3 coins all with a cup and handle formation in progress.
ADA, ICX and XLM looks to be forming the handle pull back portion to their cup and handle.
The red dotted line on each chart is the cup rim and the line to break out above. I will provide the target measures in a future post if we get a confirmed reversal at the support points below:
Cardano ADA
In this chart you can see ADA has begun its handle formation. Look for support for the reverse around Fib 1.610 (0.00002679), or possibly sooner at 0.00002831
ICON ICX
In this chart you can see ICX has begun its handle formation. Look for support for the reverse around Fib 1 (0.0003518) or possible sooner between 0.618 and 0.786.
Stellar XLM
ICX also began its handle formation. Look for a reversal to begni around 0.618 (P0.00003820) or 0.786 (0.00003699).
Will report back at a later date on their developments.
