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🐒 A possible CUP and HANDLE chart pattern may still be forming on the STEEM chart . I have included 2 different charts .The first chart is of the Steem price in $USD recorded everyday at 7:00 AM EST .By recording the price in this way I eliminate the highs and lows and the price is therefore just the price everyday at 7:00 AM EST in $USD.
🐒 The second chart is a daily Steem chart from Bittrex in BTC-STEEM and not in $USD. The cup and handle are more fully formed in this chart.If the price breaks above the red line look for an objective of 0.00111710 according to the rules of a cup and handle chart pattern.
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Below Chart #1 = Steem price in $USD recorded everyday at 7:00 AM EST
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Below Chart #2 = Daily Steem chart from Bittrex in BTC-STEEM and not in $USD.
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SUMMARY
🐒 The cup is formed on both charts and the handle is more fully formed on the chart from Bittrex also the handle is beginning to form on chart #1 . The objective if the cup and handle complete and breakout above the 0.00060602 area on chart #2 would be the 0.00111710 area according to the rules of a cup and handle chart pattern. . The objective on chart #1 in $USD would be around the $7.00 area according to the rules of a cup and handle chart pattern.
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To learn about the cup and handle chart pattern go here :
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation