đ Coin $AIA anticipated rise â building a price base and breaking the neckline of the Cup and Handle pattern
Analysis:
The price is showing strong accumulation behavior that supports the formation of a positive continuation pattern (Cup and Handle) on the timeframe. The price is currently testing the neckline and the horizontal resistance defined by the green rectangle, backed by a strong bounce from local lows and a gradual increase in momentum. A breakout of this accumulation zone and holding above it will provide a final confirmation to activate the pattern, opening the door for a broad bullish wave targeting upper liquidity levels.
đš Potential levels:
đŻ 0.0640 â Neckline and current resistance area (green rectangle).
đŻ 0.0760 â Target liquidity level and previous peak resistance.
đŻ 0.0840 â Final technical target of the pattern and the main peak.
â ïž Turning point:
Closing below 0.0520 ends the bullish outlook and invalidates the pattern. #AI #Crypto