SPX ascending triangle & C&H breakout
I'm looking at 4h timeframe. If S&P succeeds in breaking out parallel channel, the neckline of Cup and Handle pattern and at the same time ascending triangle upper band/resistance/ more likely it will hit 4180-4200$ target as mentioned on the chart. Before reaching the mentioned target. I expect a small rejection at 1.61 fib level and retest of C & H neckline.
This move/pump/ will be very bullish for BTC as they are highly correlated and it will give room to it. And simultaneously BTC will break the ascending triangle formed by a nice double bottom/Adam & EVA pattern/ with the target 24-25K published on my previous analysis. I even expect it to test the main trendline and horizontal resistance at 28-30K .
This move/pump/ will be very bullish for BTC as they are highly correlated and it will give room to it. And simultaneously BTC will break the ascending triangle formed by a nice double bottom/Adam & EVA pattern/ with the target 24-25K published on my previous analysis. I even expect it to test the main trendline and horizontal resistance at 28-30K .
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