Returning Bounce for AI16ZA16Z/USDT looks like it’s forming a classic cup and handle pattern, with the cup already well-shaped and price going for round 4 testing resistance at $0.22. A healthy pullback would sett up a potential breakout. If it clears $0.225 with strong volume, the measured move suggests a run toward $0.26-$0.30.
RSI isn’t fully overheated yet, but a rejection here without solid support could see the pattern fail below $0.185. If BTC stays stable, this setup has a decent chance of playing out. If not, well, it can join the pile of crushed dreams 2025 has produced.
INTO
7.26.17 | BAC | 30 min. BreakoutBreakout on the cup and handle diverged and formed a small double top which is now reversing with the breakout of a falling wedge. I expect this to rally for the rest of the day and gap up in the morning following a rally for the rest of the day tomorrow. The fed meeting today did not leave investors with any surprise's and Bank stocks do not have anything to fear based on the latest policy meeting. On the uptick BAC has announced a dividend increase of 85% $.07 to $.13 to go into affect at he beginning of September.