On the other hand, near the handle its forming a Descending Triangle:
Which means (most likely in percentage) that the price will be going down.. BUT theres always the chance that it breaks the "downtrend line" and the price goes up, thus making the valid!
In my opinion the is most likely to happen, but don't take what I say for granted, I'm new on this market!
Let's see what happens!
12H TF price dropped to the bottom of the cloud but closed inside, later it broke out of the cloud and bounced on its outside line
On 8H we see Tenkan heading to cross (upwards) the Kijun line, good sign!
On 4H we see the price closing above the cloud and Tenkan > Kijun
Double bottom on that "support" that we can see on the Handle on the 1D chart
Sorry my bad, I should've pointed out this first, we can see a Desending triangle forming, Most likely to go down again and make a triple bottom, lets see if it holds on there or we see a big drop.