After reaching an ATH of 6127sats on the 3rd of January 2018, stellar lumen has moved down to test a low of2169sats, at the same time forming a huge CUP&HANDLE. But in this case, it is two cups and handles.
The cup-and-handle pattern is aptly named because it resembles a teacup with a handle. On a coin chart, the cup appears as "U" shape. The handle appears as if it had the shape of a backslash symbol or "\".
The cup and handle is a bullish continuation pattern. It is marked by a consolidation , followed by a breakout. Once the pattern is complete, the stock should continue to trade upward, in the direction it was previously heading.
You can spot the pattern by looking for two main parts: the cup and the handle.Within the cup, there are three components: the left side, bottom, and right side.
The left side of the cup is marked by a downward sloping arch. This part of the pattern represents the stock's temporary pullback. The pullback occurs because as the coin tests old highs, selling pressure increases. The bulls want to protect their profits. The bears want to push the coin price down. Ultimately, the bears win out. As the coin falls, trading volume tends to decrease.
The bottom of the cup is marked by a narrow (with a rejection wick)trading range, or horizontal consolidation. Increased selling pressure creates a tug of war between the bulls and bears. The bulls are trying to protect their remaining profits. The bears want the stock to go down further.
This trading activity generally shows as a slight dip on the chart, or a rounded bottom. Volume is typically light. The sideways-like trading activity may last for approximately From 7 to 30 weeks. The longer and more pronounced the cup bottom, the stronger the buy signal once the final pattern has formed. However, cups with very deep bottoms or "V" shapes show sharp reversals and should likely be avoided. The ideal cup bottom is one-third the height of the previous advance.
The right side of the cup is the upward sloping arch, which indicates the coin's reversal back to the upside. At this point, the bulls have largely regained control. Volume generally increases as the coin moves back toward its old high. It can take a little as a month and a half for this part of the pattern to form. The more even the highs on both sides of the cup, the more reliable the pattern.
The handle always forms off the right side of the cup. It signifies that a small pullback occurred before the stock's ultimate rally. The handle may be marked by a pennant or a round shape. The handle should, ideally, retrace one-third, or less, the height of the cup's advance. The smaller the retracement , the more bullish the breakout is likely to be. The handle usually forms within one week to a month. As the coin breaks out above resistance marked by the handle, volume typically increases. A breakout from the handle likely signifies a continuation of the coin's rally.  The smaller cup and handle:

The bigger one shows a clear price target,aiming at 10ksats with a pull back down to 0.5fib retracement level.

BUY: 0.00005325sats up to 0.00006152sats
SELL: 0.00009885sats up to 0.00010795sats
STOP LOSS: 0.00002925sats

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.





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