🚀 AI Breaks Out of Channel, Forms Bullish Cup and Handle!
đź’Ž Paradisers, #AI has broken out of the descending channel and formed a cup and handle pattern, which increases the likelihood of a bullish move.
đź’Ž If #AIUSDT breaks above the resistance level, we can expect a bullish move up to the next resistance level.
đź’Ž In the case of a pullback, we can anticipate a potential triple bottom pattern from the demand level, so be cautious here. It can provide a good risk-reward (RR) long setup from this point.
đź’Ž However, in the case of a breakdown of the demand level, it will invalidate all the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
đź’Ž If #AIUSDT breaks above the resistance level, we can expect a bullish move up to the next resistance level.
đź’Ž In the case of a pullback, we can anticipate a potential triple bottom pattern from the demand level, so be cautious here. It can provide a good risk-reward (RR) long setup from this point.
đź’Ž However, in the case of a breakdown of the demand level, it will invalidate all the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
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