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Cup and handle patterns are typically bullish continuation patterns, with the handle representing a final consolidation before a potential breakout.
If BNB breaks out of the current consolidation range with momentum, reaching the target at 1,300 USD would yield a 100% return. However, a failure to break out or a false breakout could lead to a pullback, potentially back into the consolidation zone
Cup and handle patterns are typically bullish continuation patterns, with the handle representing a final consolidation before a potential breakout.
If BNB breaks out of the current consolidation range with momentum, reaching the target at 1,300 USD would yield a 100% return. However, a failure to break out or a false breakout could lead to a pullback, potentially back into the consolidation zone
TTL
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.