Whaleshares (WLS) Technical Analysis: BULLISH!
Cup & Handle is a Technical Analysis pattern that often leads to very bullish outcomes. It consists of two patterns; a rounded price formation and a bull flag.
I believe WLS is on a solid path in patterning out the Cup formation. Since symmetry is important, it's likely that 8 BTS price is an attainable target in the short term. This price level is about equal to the left side of the Cup. The handle will be the correction and could retrace 0.5 to 0.618 Fib level. However, once the Cup & Handle is complete, it serves as a phenomenal basis from which to launch a jaw dropping bull run. So, to all the buyers of WLS, be grateful to those who are prematurely powering down to sell for $0.05; a pittance of the potential. Why? They will be the FOMO drivers once WLS exceeds double digit in BTS.
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