KTOV Cup and Handle

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Disclaimer: Not finical advice.

So notice a cup and handle formation built on KTOV. With green markets I can see it matching the cup at minimum to around 1.38. If news comes out about a collaboration I can see it reach the 1.60-1.70 resistance. If markets are overall down, I don't like this play thru.

I'm new and treat trading as a hobby, just looking for thoughts on the idea. I like to keep it simple
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sorry for repeated chart, can't delete it
Trend Analysis

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