It may not be an identical cup-and-holder pattern for you & me.
But there are some standards that this chart has proved:
- Phase 1: The uptrend sine 2020 and then the GREAT FALL in May 2021.
- Phase 2: The cup was formed in 3 months which is long enough.
- Phase 3: A nice handle is appearing at the end of the chart. They try to break through $500 resistance. And in case it does, go for amazing run to $750
Go LONG for a while !!!
But there are some standards that this chart has proved:
- Phase 1: The uptrend sine 2020 and then the GREAT FALL in May 2021.
- Phase 2: The cup was formed in 3 months which is long enough.
- Phase 3: A nice handle is appearing at the end of the chart. They try to break through $500 resistance. And in case it does, go for amazing run to $750
Go LONG for a while !!!
Note
wait for the candle closed above 500 then entry
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.
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.