JASMYUSD Bullish cup and handle pattern

21 Mar 2022

Using almost all time candles you can see a fairly large "bowl" or "cup" formation. The formation completed last week and seems to be in the process of forming the handle. The depth of the bowl can be used as an estimater of how much of an increase the price can gain if it were to break out to the up side once handle is complete.
Another very promising indicator for a potential large upward shift in price is the extremely heavy volume leading into the completion of the bowl and into the forming of the handle. The ATH of this coin is around $.35, the price reached that level without the trading volume that it has seen over the past week or so. This also is another characteristic of a C&H, lower volume leading into the first half of the bowl with an increase in volume leading into the completion of the pattern.
Any input is welcome. Hope this is helpful!