Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
Quote
The cup and handle is a chart pattern used to describe the small dip in value just before another breakout. People often debate whether it's a double top, which is as it sounds 2 tops before a decline in value, or a cup and handle. I've read somewhere that a cup and handle formation is often characterized by more of a u shape where the doubletop is often more v shaped.
And now i can exhibit my paint skills...so, these may both be examples of CupNHandle then? These are both different charts showing the same time frame as yours as far as i can tell. One from https://bitcoinwisdom.com/markets/mintpal/drkbtcand the white one from http://crypto-prices.com/DRK
Beutifully done! And a steady mouse hand
As to the extend of my knowledge (which only is acquired from google search and this thread) I'd say that yeah we're currently looking at yet another cup and handle. But again only guessing, no one knows for sure where we're going with this