What is the Cup and handle pattern in crypto trading?

Another variation of this chart pattern is the inverted cup and handle pattern that signifies a bearish continuation and triggers a sell signal for the crypto traders. As the name suggests, this chart pattern also has two parts – a cup and a handle. The cup appears like an upside-down round-bottomed bowl.

What is a cup and handle pattern?

A cup and handle pattern is a consolidation chart pattern signaling bullish in which prices correct a portion of a previous uptrend, then rebound back toward the previous high, forming the “cup.” Prices then trade sideways, creating the “handle” which, when completed, signals a breakout to new highs.

What is a 'Cup' in crypto?

The cup often forms after a sustained uptrend. It represents the period where the crypto price is pulling back and consolidating. This pullback doesn't wipe out the gains from the uptrend. It’s followed by a rally of equivalent size, resulting in the U-shape. After the rally, the price then trades in a sideways channel forming the “handle.”

What is the cryptoworldcup?

CryptoWorldCup is a betting game for the Russia World Cup based in the Ethereum Blockchain. It's the simplest, most secure and transparent way to bet for the World Cup Champion with crypto! All the bets go to the prize pool, that will be splitted between the winners in proportion to their bets. How to play the CryptoWorldCup?