Tickeron detected bearish Crypto Pattern: Cup-and-Handle Inverse on October 16, 2023

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10/17/23

Cup-and-Handle Inverse

SCRT.X - Secret cryptocurrency

Emerged: 10/16/23

Breakout: $0.24305

Price: $0.247943

Target price: $0.2279

A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for SCRT.X stock. This pattern was detected on October 16, 2023 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

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SCRT.X

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