is Move forming a cup and handle for explosive uptrend?

The cup and handle is a popular bullish continuation chart pattern used in technical analysis. It is typically identified in stock or cryptocurrency price charts and suggests that the asset is poised to experience an upward breakout following the formation of the pattern.

Key Characteristics
Volume:

During the cup formation, volume generally decreases.
Volume may increase as the price starts to recover and break out of the handle.
Duration:

The cup formation can take weeks to months to form in long-term charts.
The handle usually takes a shorter time, often days to weeks.
Breakout Point:

The breakout typically occurs when the price surpasses the resistance level at the top of the cup (the previous high before the pullback).
Implication
The pattern is considered bullish, meaning it suggests a potential upward price movement after the breakout. Traders often look for:

A breakout above the handle with increased volume as a confirmation signal.
A target price based on the depth of the cup added to the breakout level.