RIVERUSDT | 4H
River is shaping what could become a classic Cup & Handle continuation pattern.
The cup structure is already visible, while the handle is still developing. At this stage, the pattern is not confirmed.
🟢 Bullish scenario
Handle completes.
Price breaks above the pattern high (neckline).
Successful reclaim confirms acceptance above resistance.
If confirmed, higher targets such as the nearby FVG and Volume Profile resistance zones come into play.
🔴 Bearish scenario
Price fails to reclaim the neckline.
Handle breaks down.
The pattern becomes invalid, increasing the probability of a move back into the current value area.
For now, patience is key. The next breakout or rejection should determine the direction.
Not financial advice.
River is shaping what could become a classic Cup & Handle continuation pattern.
The cup structure is already visible, while the handle is still developing. At this stage, the pattern is not confirmed.
🟢 Bullish scenario
Handle completes.
Price breaks above the pattern high (neckline).
Successful reclaim confirms acceptance above resistance.
If confirmed, higher targets such as the nearby FVG and Volume Profile resistance zones come into play.
🔴 Bearish scenario
Price fails to reclaim the neckline.
Handle breaks down.
The pattern becomes invalid, increasing the probability of a move back into the current value area.
For now, patience is key. The next breakout or rejection should determine the direction.
Not financial advice.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.