What are the key indicators for identifying cup and handle patterns in the crypto market?

1 answers

• Rakesh RockyJul 12, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, suggests that key indicators for identifying cup and handle patterns in the crypto market include the shape of the cup, the presence of a handle, and volume patterns. The cup should have a rounded bottom, resembling a U-shaped pattern. The handle should be a slight downward consolidation after the cup formation. Volume tends to be higher during the cup formation and lower during the handle. It's important to note that cup and handle patterns are not guaranteed to be successful, and traders should always conduct their own analysis and consider other factors before making trading decisions.
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