Combining a "cup and handle" pattern with a long position on ETH
Combining a "cup and handle" pattern with a long position on ETH/USDT is a classic bullish technical analysis strategy. Let's break down what this pattern signifies and how to approach it for a long trade.
Understanding the Cup and Handle Pattern
The cup and handle is a bullish continuation pattern popularized by William J. O'Neil. It suggests a period of consolidation followed by a breakout to the upside, signaling a likely continuation of the prior uptrend.
Disclaimer: Technical analysis patterns like the cup and handle are tools, not guarantees. Always combine them with sound risk management and your overall trading strategy. Past performance is not indicative of future results.
Understanding the Cup and Handle Pattern
The cup and handle is a bullish continuation pattern popularized by William J. O'Neil. It suggests a period of consolidation followed by a breakout to the upside, signaling a likely continuation of the prior uptrend.
Disclaimer: Technical analysis patterns like the cup and handle are tools, not guarantees. Always combine them with sound risk management and your overall trading strategy. Past performance is not indicative of future results.
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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.