#BinanceHODLerC As its name suggests, the cup and handle resembles the shape of a teacup and its handle. The cup has a “U” shaped pattern made by consecutive lows followed by consecutive highs in the candlestick chart.
After the “U” shaped pattern has formed, the price hits a new low by drifting sideways. This low is higher than the previous low and it again climbs up. Resulting in a smaller “u or v” shaped pattern. This part is identified as the handle. (This is smaller than the cup part formed beforehand)
