Looking at #USELESS 4-hr and 1-day charts, if this isn't a cup and handle pattern I don't know what it is.
Sure looks like the bullish accumulation before a known event (such as new t1 listings).
Price Targets:
Target 1 (Intermediate): The previous cycle high around $0.40 - $0.45. This is the first major psychological and technical resistance level.
Target 2 (Measured Move): The textbook target for a Cup and Handle is the depth of the cup added to the breakout level. The cup's depth is roughly $0.20 (from the ~$0.18 low to the ~$0.38 rim). Adding this to the breakout point gives us a technical target in the $0.55 - $0.60 range. Let's see what happens, b/c ultimately it's all useless...
GOD WILLING
Show original
13.82K
30
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.