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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.