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Showing posts with the label cup and handle pattern

PEPE: Why Surging Meme Coin Can Still Gain 25% Before 2025

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The last few months have been massive for the cryptocurrency sector. With the leading crypto continuing to set records, the meme coin market has seen one asset emerge as the biggest gainer for the last month. Although PEPE has been on one monumental run, it could still be set to gain 25% before the calendar turns to 2025. The token has been one of the biggest beneficiaries of the crypto run driven by the US presidential election. Indeed, the token has become the clear third-largest meme coin by market cap, behind both Dogecoin (DOGE) and Shiba Inu (SHIB). Yet, there is still room for it to continue to grow substantially over the next two months. Also Read: Coinbase Officially Lists Skyrocketing PEPE PEPE Looks to End 2024 On Huge Note Amid Ongoing Bull Run November has proven it’s a great time to be a digital asset investor. With Donald Trump emerging victorious in the historical 2024 presidential election, the digital asset market has benefitted massively. Bitcoin has reached con...

Bitcoin to skyrocket? Historic BTC cup and handle pattern spotted

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Over the last six months, Bitcoin (BTC) has been trading in a range that is getting progressively tighter. During this period, prices have ranged from a high of $73,100 to a brief low of $53,960 — as of press time, the world’s largest cryptocurrency has shed 11.78% of its price, taking a notable bite out of the 40.10% year to date (YTD) rise. In a TradingView post on August 27, technical Analysis expert and trader MetaShackle suggested that “BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it’s sure to be an incredible run to levels that will shock the world.” BTC 3-year cup & handle pattern. Source: TradingView / MetaShackle What is a cup and handle pattern? A ‘cup and handle’ is a long-term, bullish chart pattern that traders use to find opportunities when an asset’s price will break out to the upside. Like with all chart patterns, the name is a no...