An adequate cup and handle pattern is forming on 1 day chart of EOS/BTC. A large surge in upward price is expected once handle of the pattern is breached in the upward direction.
I've read that when a cup and handle pattern forms the breakout projection is created by a line from the center bottom of the cup to the right edge of the cup. when do you think the uptrend will start and how did you arrive at the target #?
alisaeed1995
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@JHOVA, the movement up is expected to be equal to the depth of the cup. the handle is not yet breached.
JHOVA
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@alisaeed1995, I'm still learning TA and didn't know that. Thank you. But quite sometime till the handle has been breached.