TradeChartPatternsLikeThePros

ETHUSD CUP & HANDLEETHUSD has formed a cup & handle Pattern on its daily chart. The price is trading the Breakout: 1679.34. Targets: 62%: 2154.66 79%: 2268.99 Target2 127%: 2601.43 162%: 2828.69Comment:Comment:Comment:Comment:Comment:Comment:Comment:Comment:

CUP & HANDLEWilliam J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. They also form in all markets and in all time-frames. The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to months. The “Handle” part forms due to a price correction after “Cup" formation and before a clear breakout to the upside. Cup and Handle pattern structure show the momentum pause after reaching a new high in a U-Shape form, followed by another attempt to breakout. When this breakout from the rim of the cup fails it starts to fall back to build the 'Handle' structure. Usually, the handle structures are small, and the handle depth should not exceed more than 50% of cup depth. Entrie When the pattern breaks out above the rim of the cup, a long trade is entered above the high of the breakout bar. Targets: 62-79%, 127-162% Cup height Stop A stop should be placed below the middle of the handle level.Comment:Comment:Comment:Comment:Comment:Comment:Comment:Comment: