TA + INDICATORS = BOOM

Cup and Handle Pattern

🔅A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.

🔅Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle.

🔅The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom.

🔅As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed.

🔅A breakout from the handle’s trading range signals a continuation of the previous uptrend.

🔅In the case of a Cup and Handle chart pattern, the stop loss should be placed at the previous low of the pattern.

🔅The limitation for the target will be the previous resistance level which was formed before by the price action.

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W pattern

Entry point in chart

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False Breakout ?

Send some coin name for analysis

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$TOMO Keep Eye!

$COTI Looks Bullish

$MATIC [ ENTRY NOT MAKE SENSE YET ]

$WAVES Look Bullish