Yello Paradisers!, Are you noticing how #CCUSDT continues to build a high-probability bullish structure despite the broader crypto market showing weakness?
💎#CCUSDT has been developing a well-structured cup and handle formation over the past 2.5 months, what makes this formation particularly notable is that it is occurring while overall crypto indices are trending down, yet #CC is outperforming the broader crypto market, even pushing toward new highs. This type of divergence is something experienced technical analysts always pay close attention to.
💎Price is currently compressing directly above resistance, which clearly signals supply absorption. Each pullback attempt is getting weaker, indicating that sellers are fading and demand is gradually taking control. In classical pattern trading, this tightening behavior at resistance is often the final phase before a volatility expansion to the upside.
💎The handle structure remains clean and controlled, without aggressive selling pressure. The $0.1060 level, marking the bottom of the handle, is the key technical support and invalidation level for the pattern. As long as price holds above this zone, the bullish thesis remains intact.
💎Another important technical factor is the lack of visible resistance above the breakout area. From a pure price-action standpoint, there are no significant supply zones overhead, which increases the probability of a smooth continuation.
💎Applying the measured-move principle based on the depth of the cup, the projected upside target aligns around $0.5400. This level represents the natural resistance area where momentum is statistically more likely to pause or consolidate after a confirmed breakout.
That is why we are playing it safe right now, Paradisers. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
