XNY
Alpha
0.0057241
+15.11%
#XNY A strong bullish ascending structure appears on the hourly chart, where a clean cup and handle pattern is developing, which often indicates a continuation of the upward trend. After a solid round recovery (the cup), prices have retraced to form a controlled handle with a decrease in volume - exactly what the bulls want before the breakout.
If XNY breaks the handle resistance with a strong candle close and increasing volume, it could lead to a new bullish push. The structure suggests that buyers are accumulating and momentum is gradually shifting in favor of the bulls.
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