ONEUSDT: Bullish Cup and Handle Pattern, Launch the spaceship!🚀
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This is not financial advice. This is just my analysis on ONEUSDT. also, read the text also if you want to understand the chart better
ONEUSDT may be forming a Cup and Handle Pattern, a bullish pattern which signifies the continuation of a trend. In this case the uptrend was from the start of 2021.
While there is the cup and handle pattern, there are other bullish signals:
1.(all in the handle of the c&h pattern) consecutively lower volume/volatility on pullback and consecutively higher volume/volatility on upmove The more bulls and less bears the stronger the possibility of the c&h pattern completing. 2. Accumulation stage breakout a month ago(Mid-August)
3. Price recently bounced off very strong bullish yellow trendline(bounce marked by green arrow) Trendline tested 4-5 times, still not broken 4. Current price above Moving Average Channel The moving average channel is comprised of 10MA High and 8 MA Low
Looks like this coin is about to go into space! Let's see if ONE can break 0.235 area. If it does the c&h pattern will be complete.
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