Big Cup & Handle pattern forming!
Previously, the price had formed an inverse Head & Shoulder, which the price broke to the upside! Currently, it appears that the price is forming another bullish continuation pattern, namely a Cup & Handle pattern. If the price manages to break above the resistance zone, we could see 76k, which is the same target as for the previous Head & Shoulder pattern!
Here's an interesting observation: During the last bull run, once the price surpassed the previous ATH, it experienced an 18% retracement before surging significantly. Currently, a similar pattern is emerging; the price has breached the prior ATH of 69K, followed by an 18% pullback. Now, it looks like it's on the rise again!
Here's an interesting observation: During the last bull run, once the price surpassed the previous ATH, it experienced an 18% retracement before surging significantly. Currently, a similar pattern is emerging; the price has breached the prior ATH of 69K, followed by an 18% pullback. Now, it looks like it's on the rise again!
Not
Not
Still within the bull flag! Not
Broke the flag to the upside!! Lets see if it got the momentum to break the resistance zone!Not
Needs to break the resistance zone in order to continue higher!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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📩 Interested in our Premium Group?
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.