TheCryptoGrim
@t_TheCryptoGrim
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Purchase History
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We had an inverse cup and handle at .6266 that broke down to .50 and didn't meet its target (.40-.42 area). Instead, we consolidated at .50 to expand the smaller inverse cup neckline to .5503. This move up from .50 to .73 (currently) is a slighty over extended handle. If we continue higher but fail to establish support @ .8231, the next bearish structure is a double top with its peaks finding resistance around .82-.86 and neckline @ .5385. The rest is self-explanatory in the chart.
This chart is made with respect to 4hr+ imbalances. The invalidation is beating .7530 before this move plays. Follow me on X at @TheGrimofCrypto
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.