CURRENT CONFIDENCE = 65%
TARGET (EXIT) PRICE = 0.014490 USD
BREAKOUT (ENTRY) PRICE = 0.014425 USD
DISTANCE TO TARGET PRICE= 0.07% (1.0 pips)
EMERGED ON Jun 25, 11:00 AM (UTC)
CONFIRMED ON Jun 25, 01:07 PM (UTC)
WITH CONFIDENCE LEVEL = 70%
Tickeron AI shows that the Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a pair initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the pair tests its high at the right cup lip. After the sellers give up, the pair has the potential to break out to the upside.
TARGET (EXIT) PRICE = 0.014490 USD
BREAKOUT (ENTRY) PRICE = 0.014425 USD
DISTANCE TO TARGET PRICE= 0.07% (1.0 pips)
EMERGED ON Jun 25, 11:00 AM (UTC)
CONFIRMED ON Jun 25, 01:07 PM (UTC)
WITH CONFIDENCE LEVEL = 70%
Tickeron AI shows that the Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a pair initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the pair tests its high at the right cup lip. After the sellers give up, the pair has the potential to break out to the upside.