ravivhe94
@t_ravivhe94
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ravivhe94
A massive cup-and-handle pattern is forming in ETHUSD (yellow), with the handle currently in the process of forming.An interesting observation is that the handle itself contains a smaller cup-and-handle pattern (purple), which has already successfully broken out.Beyond the technical analysis, applying the Dynamic Time Warping (DTW) algorithm combined with cubic splines to evaluate the similarity between the two cup-and-handle patterns results in a value of 0.66, indicating a significant resemblance between them.This notable similarity, along with the breakout of the smaller cup-and-handle pattern, supports the potential breakout of the larger cup-and-handle pattern, which may occur in the near future.
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