FFART Cup and Handle on 1D chart! 🔥
✅ The cup is nicely rounded - a sign of bullish accumulation.
✅ Neckline around 0.5561-0.6119 (V-WVWAP) - price is hitting resistance here.
✅ Volume is increasing during the breakout attempt - which is a positive signal.
✅ Possible "eye" - price may correct back to support before further growth.
Targets:
🔹 Cup height measurement: Bottom around 0.3194, neckline 0.5561, gap ~0.2367.
🔹 Target level: 0.5561 + 0.2367 = ~0.7928 (possible bull target on patterning confirmation).
🔹 Fib levels may help - I see first resistance around 0.6176.
How to play it?
📌 Ideal entry: after a pullback to neckline (retest) or during a confirmed breakout with volume.
📌 Stop-loss: Below the last low of the neckline or below the neckline if it becomes support.
📌 Confirmation.
Overall, the pattern looks very bullish, but the reaction to 0.5561-0.6119 will be important. If it fails there, the ears may go lower.
✅ The cup is nicely rounded - a sign of bullish accumulation.
✅ Neckline around 0.5561-0.6119 (V-WVWAP) - price is hitting resistance here.
✅ Volume is increasing during the breakout attempt - which is a positive signal.
✅ Possible "eye" - price may correct back to support before further growth.
Targets:
🔹 Cup height measurement: Bottom around 0.3194, neckline 0.5561, gap ~0.2367.
🔹 Target level: 0.5561 + 0.2367 = ~0.7928 (possible bull target on patterning confirmation).
🔹 Fib levels may help - I see first resistance around 0.6176.
How to play it?
📌 Ideal entry: after a pullback to neckline (retest) or during a confirmed breakout with volume.
📌 Stop-loss: Below the last low of the neckline or below the neckline if it becomes support.
📌 Confirmation.
Overall, the pattern looks very bullish, but the reaction to 0.5561-0.6119 will be important. If it fails there, the ears may go lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.