The cup and handle chart pattern is a bullish continuation pattern in technical analysis. It consists of a cup-shaped formation followed by a smaller, downward-sloping handle. The breakout above the resistance level of the cup signals a potential uptrend continuation. It indicates a shift from consolidation to renewed buying interest.
Short term target upon completion of Cup is at 0.04250
Rejection can be seen for the formation of its handle or it might break the neck line depending upon volumes.
Mid term target after the breakout of the neck line is at 0.05259
Short term target upon completion of Cup is at 0.04250
Rejection can be seen for the formation of its handle or it might break the neck line depending upon volumes.
Mid term target after the breakout of the neck line is at 0.05259