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Possible Cup and Handle XLMUSD

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XLMUSD

Possible cup and handle pattern forming on the 1HR. If valid breakout should reach around .305. I am new to TA, please do not take my word as bond. All feedback is appreciated.
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After todays daily candle broke out of the previous bull channel I am awaiting a significant breakout to the upside. Could it be possible the cup and handle is the catalyst?

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