BNB(ALL SET FOR NEW ATH)
CUP AND HANDLE
The cup and handle pattern is a bullish continuation pattern that signifies a period of consolidation followed by a breakout to the upside. Here's a breakdown of its components:
Cup: The price declines, forms a rounded bottom (like the shape of a "U"), and then rises back to approximately the same level as the decline started.
Handle: Following the cup formation, the price moves sideways or slightly downward in a consolidation phase, forming the handle. This handle is typically shorter and resembles a flag or pennant.
Breakout: The pattern is complete when the price breaks out above the resistance level formed by the rim of the cup.
The cup and handle pattern is a bullish continuation pattern that signifies a period of consolidation followed by a breakout to the upside. Here's a breakdown of its components:
Cup: The price declines, forms a rounded bottom (like the shape of a "U"), and then rises back to approximately the same level as the decline started.
Handle: Following the cup formation, the price moves sideways or slightly downward in a consolidation phase, forming the handle. This handle is typically shorter and resembles a flag or pennant.
Breakout: The pattern is complete when the price breaks out above the resistance level formed by the rim of the cup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.