CUP
BTS/BTC - Cup & Handle - 1D A cup & handle formed on the daily as I predicted yesterday. We can set the target at ~195 sats using Fibonacci retracement. This is slightly below the Fibonacci level.
It might be smart to sell here, wait for a sell off and buy it back a tad cheaper.
Cup and handle is a bullish pattern that indicates an upward movement after completion. In the current situation, this would indicate that we will see upward movement the coming week.
Bitshares is also going to make an announcement today regarding staking & NFTs, which could give us more upward momentum.
The MACD has bounced, giving us room for bullish continuation. The StochRSI is also low and pointing upwards, which could indicate bullish continuation aswell. We have hit the 150 sats zone a lot recently, we have to break through these levels. If this happens, I believe we can easily approach 200 sats in a short period of time.
I think BTS is looking good, both on short and long term. The coin is heavily undervalued and I believe it will most certainly reach its 1$ ATH again.
For the short term, you can use Fibonacci retracement tool to find major sell off points. On the medium term, I think 0,095$, 0,11$ and 0,20$ are good targets.
And for the long term, I think this coin can become worth anywhere between 1 and 15$.
Gold could be entering a price trap Gold has been forming a cup pattern from the 2011 @1920 high to the 2020 high @ 2074. Since it's high in 2020 gold has slowly shed it's value over the course of 7 months it has been a steady decline. This price action has formed
what could be a nice handle. After bottoming out at 1667 it is likely we will see at least a short term reversal. Gold is likely to find resistance at 1765 in the coming weeks. These are two key levels that gold has found it's self trapped between historically for multiple weeks. A break above 1765 or below 1667 could signal a large move in their respective directions
IDEX/BUSDT - cup with handle + inv head and shouldersHello everyone, analyzed the IDEX/BUSDT pair
The formation of a cup with a handle, as well as the possible formation of an inverted head and shoulders pattern.
It is worth noting that there is a small price gap on the 4 hour timeframe. Algorithms cover such areas. So I think the formation of an inverted head and shoulders is more than obvious.
To understand this, the price must consolidate below the resistance level for at least 1 day on the daily timeframe.
There is also a second option, it is a breakdown of the resistance level, and the price goes beyond these boundaries.
Target on the FIBO grid.
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Write your opinion, whether there is a place to buy here, and open a long position
cup with handle + possible inverted "head and shoulders"
$CTRM Castor Maritime: The cup is starting to take shape! $$$$$$CTRM, company in the dry bulk shipping sector. Currently expanding considerably in material. In the coming days we can expect earnings from this great company with potential. We also managed to reach the 10/10 days for compliance by quoting 10 days above $ 1. The cup is starting to take shape and so all signs point to this stock being hugely bullish!
Usd jpyexcept to pivot Resistance( Red horizontal line) USD JPY if growth to up to triangle pattern can have a Cup pattern and continue the bullish trend
but USDJPY now in a triangle pattern so wait to break this pattern ,
if Usdjpy fall to downer of triangle can fall to 103.693(Ichimoku clouds target ),
I guess to falling , because previous rising but my guess not create trends.
sorry for grammatic issues
I'm using English version of tradingview so I should use English for communicate
thanks for commenting & like.
Clear cup and handle pattern I believe this is a bullish pattern forming - cup and handle - also touching the 20 ma