Bullish Cup Formation with Ichimoku Breakout and Continuation

Apr 22

The chart shows a transition from a previous bearish phase into a strong bullish recovery, forming a clear rounded cup structure that signals accumulation and trend reversal. Price initially declined sharply, creating a smooth curved bottom, which indicates weakening selling pressure and gradual buyer dominance.

Currently, price has broken above the Ichimoku Cloud, confirming a bullish shift in market sentiment. The cloud is starting to turn supportive, suggesting continuation rather than a short-term spike.

The recent impulsive move upward reflects strong momentum, with price respecting the curved trendline support. If this bullish structure holds, the market is likely to continue pushing higher toward the marked targets:

First Target: 0.10044 (short-term resistance)
Final Target: 0.10310 (major liquidity zone)

Overall, the structure favors bullish continuation, with pullbacks likely acting as buying opportunities as long as price remains above the cloud and trend support.

Apr 22

Trade active

Apr 29

Trade closed: target reached

My given target hit successfully dear