The cup pattern we use as a bottom pattern.
When it appears inversed at resistance we use it as a peak/top pattern.
It is very easy to spot.
First, a strong drop.
Prices then go flat and start to curve up...
This is normally supported by an oversold RSI and rising trading volume.
NEARUSDT is now going above EMA10 3D.
This can lead to testing EMA50 as resistance at $7.33 for a nice 74% potential.
More is possible.
Namaste.
When it appears inversed at resistance we use it as a peak/top pattern.
It is very easy to spot.
First, a strong drop.
Prices then go flat and start to curve up...
This is normally supported by an oversold RSI and rising trading volume.
NEARUSDT is now going above EMA10 3D.
This can lead to testing EMA50 as resistance at $7.33 for a nice 74% potential.
More is possible.
Namaste.
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