The chart for OTHERS is showing promising signs of bullish strength, with a clear formation of a Cup and Handle pattern. This classic technical pattern often signals a potential breakout after a period of consolidation, indicating that the asset is likely to experience a significant upward movement.
Cup Formation: The initial downtrend, followed by a gradual recovery, is forming the left side of the "cup." The price movement is showing signs of stabilization and consolidation, which is typical for this pattern. The rounded bottom suggests a period of accumulation, with buyers gradually gaining control over the market.
Handle Formation: The handle is currently in development, which is characterized by a slight downward or sideways movement after the cup. This consolidation phase generally represents a final opportunity for accumulation before the asset breaks out to the upside.
Price Target: If the pattern follows typical behavior, we can expect a breakout near the upper resistance level formed by the rim of the cup. This breakout could potentially lead to significant price movements, particularly around October and November 2025 when the formation is expected to peak. This aligns with the typical timing for such formations, as the final breakout is often seen after the completion of the handle.
Volume: Watch for an increase in volume as the price breaks above the handle’s resistance level. Strong volume during the breakout would confirm the bullish momentum and could lead to sustained upward movement.
Key Levels to Watch:
Support: Around the bottom of the cup, where the price has stabilized. A break below this level could negate the bullish thesis.
Resistance: The peak formed by the rim of the cup, which, once broken, could trigger the breakout.
In conclusion, OTHERS appears to be in a strong position with the potential for significant upside if the cup and handle pattern completes as expected. Keep an eye on the upcoming months, especially October and November 2025, for the possible peak and breakout.
Cup Formation: The initial downtrend, followed by a gradual recovery, is forming the left side of the "cup." The price movement is showing signs of stabilization and consolidation, which is typical for this pattern. The rounded bottom suggests a period of accumulation, with buyers gradually gaining control over the market.
Handle Formation: The handle is currently in development, which is characterized by a slight downward or sideways movement after the cup. This consolidation phase generally represents a final opportunity for accumulation before the asset breaks out to the upside.
Price Target: If the pattern follows typical behavior, we can expect a breakout near the upper resistance level formed by the rim of the cup. This breakout could potentially lead to significant price movements, particularly around October and November 2025 when the formation is expected to peak. This aligns with the typical timing for such formations, as the final breakout is often seen after the completion of the handle.
Volume: Watch for an increase in volume as the price breaks above the handle’s resistance level. Strong volume during the breakout would confirm the bullish momentum and could lead to sustained upward movement.
Key Levels to Watch:
Support: Around the bottom of the cup, where the price has stabilized. A break below this level could negate the bullish thesis.
Resistance: The peak formed by the rim of the cup, which, once broken, could trigger the breakout.
In conclusion, OTHERS appears to be in a strong position with the potential for significant upside if the cup and handle pattern completes as expected. Keep an eye on the upcoming months, especially October and November 2025, for the possible peak and breakout.
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.
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.