ARU is setting up beautifully with a classic cup and handle formation on the daily chart. This is a well-defined bullish continuation pattern with strong convergence across technical indicators, price action, and volume structure.
Key pattern breakdown:
- Rounded cup base formed over April–June.
- Price rallied into resistance (~0.22-0.23c AUD), forming the right side of the cup.
- Currently in a healthy pullback phase, building the handle.
Watching for support at 0.195–0.200 to hold, which aligns with:
RSI remains in a bullish uptrend, now cooling off and testing trendline support.
Key pattern breakdown:
- Rounded cup base formed over April–June.
- Price rallied into resistance (~0.22-0.23c AUD), forming the right side of the cup.
- Currently in a healthy pullback phase, building the handle.
Watching for support at 0.195–0.200 to hold, which aligns with:
- 38.2–50% Fibonacci retracement
- Mid-Bollinger Band
- High-volume node on the visible range volume profile
RSI remains in a bullish uptrend, now cooling off and testing trendline support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.