Absolutely โ the $ANIME chart is starting to scream "Cup and Handle" ๐ซก
Here's a quick technical breakdown:
โ๏ธ Cup and Handle Formation Detected
Rounded bottom forming the cup โ
Consolidation pullback forming the handle โ
Volume tapering off during handle = classic textbook behavior โ
๐ If It Breaks Out Above the Handle...
Breakout zone: Watch the neckline around previous local highs
Measured Move Target: Projected target = depth of cup added to breakout level
Example: If the cup is ~$0.15 deep and breakout happens at $0.35 โ potential target = $0.50+
๐ก Why It Matters:
Cup-and-handle is a high-probability bullish continuation pattern, especially when it forms during an uptrend like $ANIME's recent momentum.
๐ Confirmation Needed:
Clean breakout with volume
Retest of neckline holding as support = ๐ launchpad
Let me know if you want a visual or a post format breakdown to share ๐