⚠️ Disclaimer: This chart is for educational purposes only.
Cup and Handle Pattern Formation
Cup Formation:
The price peaked near $63–$64 in February 2025, followed by a rounded bottom forming a "cup"-like structure between March and May 2025.
This rounded shape is smooth and symmetric, matching the textbook "cup" base.
Handle Formation:
From June to August 2025, price entered a shallow consolidation phase just below the $63–$64 resistance.
This side-ways and slightly downward drift with narrowing volatility creates the "handle."
Current Price: $55.09
It's approaching the neckline/resistance zone at $63.89.
Implication:
The Cup and Handle is a classic bullish continuation pattern. A breakout above $64 with strong volume would confirm the pattern, potentially leading to a measured move target of approximately:
Conclusion: Technical Outlook
Pattern: Cup and Handle
Breakout Trigger: Daily close above $64 with volume > 12M
Target Zone: $90–$100
Support: $51 (handle base), $45 (major swing support)
Risk Management: Ideal stop loss below handle support (~$50)
Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.
Cup and Handle Pattern Formation
Cup Formation:
The price peaked near $63–$64 in February 2025, followed by a rounded bottom forming a "cup"-like structure between March and May 2025.
This rounded shape is smooth and symmetric, matching the textbook "cup" base.
Handle Formation:
From June to August 2025, price entered a shallow consolidation phase just below the $63–$64 resistance.
This side-ways and slightly downward drift with narrowing volatility creates the "handle."
Current Price: $55.09
It's approaching the neckline/resistance zone at $63.89.
Implication:
The Cup and Handle is a classic bullish continuation pattern. A breakout above $64 with strong volume would confirm the pattern, potentially leading to a measured move target of approximately:
Conclusion: Technical Outlook
Pattern: Cup and Handle
Breakout Trigger: Daily close above $64 with volume > 12M
Target Zone: $90–$100
Support: $51 (handle base), $45 (major swing support)
Risk Management: Ideal stop loss below handle support (~$50)
Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, and ProChart Signals 5 Min” – Invite-only scripts. Access available via profile.
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.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, and ProChart Signals 5 Min” – Invite-only scripts. Access available via profile.
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.