Riecoin has been moving nicely the past several days, we're now in the process of forming the handle on this Cup and Handle.
Now that we do have a confirmed double-top that finished from yesterday, we are looking for support AT or ABOVE the local 618 extension. If support is find above the 786, then we would have an even higher parabolic move towards the 1.618 extension, or even further into it towards the 2.618.
Safe profit-taking, if these conditions are met, would generally be in the 1.272-1.414 extensions. (If support is at or above the local 618)
Now that we do have a confirmed double-top that finished from yesterday, we are looking for support AT or ABOVE the local 618 extension. If support is find above the 786, then we would have an even higher parabolic move towards the 1.618 extension, or even further into it towards the 2.618.
Safe profit-taking, if these conditions are met, would generally be in the 1.272-1.414 extensions. (If support is at or above the local 618)