Bear in mind that a Cup & Handle pattern is a combination of two patterns. The rounded bottom and the bull flag. These combined provide a lasting goose effect on prices as a rally can be sustained for quite a while. With requisite minor corrections, of course. These corrections often are part of a two steps forward and one step back progression. So, in these cases, a correction is necessary and healthy.
The below chart of ArtByte (ABY/BTC) is actually showing a double rounded bottom within a larger Cup pattern. This is actually quite frequent for Altcoins and rather adds to the bullish projection. The handle formation represents initial thrust of bulls followed by profit taking; however, this is leading to a bullish downward pointing symmetrical triangle. The key is always in the decisive nature of breakout and that's what happened and set the wave 1 of an impulse that could take ABY to 641 Satoshi and 754 Satoshi...or HIGHER!
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