$UPTOP Patented cup with handle. ๐ช๐๐๐๐๐ฐ๐ค
{alpha}(560x8a0db359c38414b5f145f65cc1c69d9253067c43)
bottom at ~$0.0067, smooth rise, rounding upward;
now the price is testing resistance at $0.0095โ0.0096 (the edge of the cup).
if it secures above โ it is logical to expect the formation of a โhandleโ (short consolidation/correction), and then a breakout with momentum.
๐ Usually, for such a pattern, targets are calculated based on the depth of the cup:
depth ~0.003 (from $0.0096 to $0.0067).
upon breakout upwards, the target will be around $0.0125โ0.013.
So, the โcup with handleโ scenario is quite viable: if they hold support at $0.0090โ0.0092 and break $0.0096 with volume โ we can expect a continuation of growth.
#UptopAlpha #uptoptrading
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