You know me — I’m not a big believer in technical analysis.
But sometimes I like to draw a few lines…
And right now, #LAUNCHCOIN is quietly forming one of the cleanest setups in the market.
What we’re looking at is a classic Cup and Handle pattern:
• Rounded base
• Tight handle under resistance
• Compression just below the key level at $0.2779
It’s a bullish continuation pattern — and so far, it’s playing out perfectly.
No hype. Just structure.
2/ The most recent price action?
A clean rejection at resistance, followed by a healthy pullback.
But here’s the key:
Price is still holding above $0.24 — and that’s all that matters right now.
The invalidation sits around $0.205 — the lowest point of the handle.
If the price breaks below that, the setup is off.
Until then? It’s intact.
3/ So what happens if it breaks out?
With these patterns, you “measure the move” — and for this one, that points to a target around $0.40.
Right back to previous highs.
That’s a potential +44% move from the breakout zone.
(If you believe in TA magic, of course.)