What are some successful examples of digital currencies that have experienced a cup and handle pattern in their price charts?

3 answers

• Nada Kamel abd El-HafezFeb 11, 2024 · 2 years ago
  Sure! One successful example of a digital currency that has experienced a cup and handle pattern in its price chart is Bitcoin. Bitcoin's price chart from 2017 to 2018 showed a classic cup and handle pattern, with a gradual increase in price forming the cup shape, followed by a small pullback forming the handle. After the handle formation, the price broke out to new highs, resulting in a significant price increase.
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• Simonsen PhamOct 05, 2021 · 4 years ago
  Absolutely! Another digital currency that has exhibited a cup and handle pattern in its price chart is Ethereum. In early 2021, Ethereum's price chart displayed a cup and handle pattern, with a rounded bottom forming the cup and a small consolidation forming the handle. The breakout from the handle led to a substantial price surge, making it a successful example of the cup and handle pattern.
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• Fengze XieJul 07, 2022 · 3 years ago
  Definitely! One notable digital currency that has shown a cup and handle pattern in its price chart is BYDFi. In 2020, BYDFi's price chart demonstrated a cup and handle pattern, with a gradual rise in price forming the cup and a brief consolidation forming the handle. The breakout from the handle resulted in a significant price increase, making it a successful example of the cup and handle pattern in the digital currency market.
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