Siacoin is one of the select few alts whose cup and handle pattern has already successfully triggered without being a fakeout. It may not have reached the full projected breakout target yet but that's because on the way there it started forming another cup and handle around the smaller cup and handle. This is much like a cup and handle fakeout can do at first..however siacoin was not a fakeout as you can see by the large surge of bull volume right when it broke the original neckline. Siacoin is already showing you its plans for a sequel before it's original blockbuster has even left the theatres. Keep an eye on siacoin because it looks like it may be done forming its bigger cups handle...there is increased likihood that this bigger cup might not trigger since it already had one succesful cup but worth paying attention to none the less because double cup and handles can exist both in this fashion when it's a c&h inside a bigger c&h or when the cup of a smaller cup and handle is the handle of the bigger cup.
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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.