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CUP

YFIUSDT is about to break a CUP formationHey all, I'll keep it short. Look at the weekly and the daily charts. We are above the previous highest WEEKLY close right now and heading up to test the previous highest DAILY close . MACD is curling up in the daily. What usually happens is that we break a previous resistance and come back to test it. So, I expect YFIUSDT to test the previous highest daily close and come test the previous highest weekly close. Then? Once we get a close above the previous highest daily candle, the sky is clear. I estimate price to up as high as $63,000 and I got this target by assuming the price will move up the same amount with the depth of the cup. This is NOT a financial advise. I am just sharing my analysis with you to get a feedback from the community. Thank you!
by TableLamp
SERUM (SRM) is breaking a CUP formation and eyeing $6.38Hello everyone, This won't be a long post. Because the chart is very clean. SRM/USDT tested the previous highest WEEKLY close last week and broke past it this week. We are testing the previous highest DAILY close now. The most likely scenario is that we make a close above the previous highest daily close with the momentum coming, but retest the previous daily close level. After that the sky is clear. If the price moves up the same amount of the depth of the CUP, it should go as high as $6.38. Can't be more? Who knows. This is definitely not a financial advise. Make your own research. I just wanted to share my analysis and get some feedback on it. Thanks!
S
by TableLamp
CUP & Handle INPX - Huge profit ahead - I found this very undervalued company, which is flat since March 2020. Inpixon provides technologies to monitor indoor flows. The more I look at this, the more it becomes evident that they would make an excellent acquisition target, technology-rich, cash on hand no debt, and a minuscule market cap. In addition, management is not shareholders so would make an acquisition would be very easy to navigate. The technology that INPX has amassed is very valuable to an acquirer that can really leverage it through their own pipelines. Something big is brewing, imho, GLTA longs. If the Cup & Handle will develop as expected could be a sign of a trend reversal.
ILong
by caimano
2
Bullish patterns in tradingToday there are several popular bullish patterns on the Forex market. 1. Flag - trend continuation. Has a strong price movement (flag staff), then a correction zone (flag cloth). The correction zone can be located both horizontally and inclined to the "shaft". 2. Cup Or else "cup with handle. U-shape + corrective movement (" handle ") within 1/3 of the" cup. "Formation of the" handle "is the process of price consolidation towards the line. After the pattern is formed, the price continues to move in the direction of the cup. 3. Symmetric triangle It can be either a reversal or a continuing trend. Formed between two converging support and resistance lines. You can start trading after the breakout of the pattern (depending on the breakout, either buy or sell). 4. Diamond Reversal pattern formed at local highs and lows of the price chart. The basis is either an uptrend or a downtrend. Completion options - correction or global trend reversal. 5. Double bottom. It is based on a downward movement + two chart lows and a high point between them. Completes the formation after breaking through the base line. Further - the price growth from the base line in the volume of the figure size. 6. Pennant Continuation of the main trend. Price gaps are possible prior to the formation of the pattern. In a bullish scenario, the pattern is preceded by an uptrend. Completion of the pattern formation - a breakout in the direction of the previous trend. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
13
Similarities between Cup and Handle and A BullflagThis Bullish log chart for BTC shows a clear cup and handle Yet these could be acting as a quasi-bullflag, flagpole at the same time. Both experience an upward move initially (cup, flag-pole) and further consolidation period (handle, bullflag) Both are bullish but experience a similar development as bullish tools. That will always continue to form over time. The handle if viewed in a 3D state can be seen as 'protruding' much like a flag on a flagpole. Creating this distinction.
BITSTAMP:BTCUSDEducation
by Bixley
BTC Scythe or Cup - Crunch imminentUsing a very attentive, some would argue obsessive, strategy of continuous straddling pet named the "wheel". The main interest is levels to target key entries and exits to improve a position's price and size. Added to the mix to help also with the monotony are non linear trends. Some of your richer fx mates are riding 2 week long shorts searching for a deep retrace down the Scythe's blade.. There was a cross in the adx or something but maybe they were happy with their 28k retrace, dunno, haven't been bothered with the news.. Your old school holders have their hearts set on a retest of the ATH and a burst to 55k.. (ATH + Height of this new Top) Riding the binance futures usdt and btc inverse Wheel, we're trying to manage our entries and exits to keep ourselves in perpetual motion. Burst safety for short term on the long btc inverse account is 30k and for the short is 40k. Exiting funds from the opposite fuel the safety of their counterpart adding those extra legs if called upon before the much needed retrace to min markup. Entries scale exponentially with distance from position size and historic levels allow for intelligence to play a role in an otherwise mechanical system. One's penultimate pocket depth should be calculated to absorb 50% retrace with no exit (22k for bull run), but preferably one practicing this is obsessed and doesn't sleep in blocks longer than 3 to 4 hours, so they easily catch lower level fractal retraces. Exits also scale exponentially although inversely from min markup to a reasonably calculated dream markup that most of the time gets abandoned to a stop target to begin reentry to fuel the wheel...
by Benjamix
Big Cup Of FET/BTC #Fetchai $FET #fet #cryptoHere we see our Binance FET weekly chart . It appears to be forming a massive cup structure . That would take us back up to the .706 fib near 9900 sats to form the top of the cup . A handle would form after that possibly taking us much higher.This obviuosly would not be happening until the later part of the year to reach these upper levels - but in a bullrun year it is very possible to get there . Also ETH is close to reaching its' previous All Time High of $1400 approx . So other coins may also revisit their All Time Highs , since ETH leads the way . FET All Time High was above 14000 sats . That would be great ! Also it appears we are Blue Skies above 3250 on the weekly chart as that is our last resistance there . This looks good .
by shimmeringpath
1
Possible Cup & Handle forming for Siacoin Hi all, Main TA Points; *** 1. Golden Cross Formed. 2. Seem to have found support at the 61.8 FIB. 3. Descending triangle invalidated. 4. Breakout accompanied by strong volume. 5. Promising fundamentals. 6. Find bottom indicator as well as MACD suggest return to uptrend likely. 7. Ichimoku offering support as well. *** Talking Points; *** A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such. We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured. The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio. *** Estimates; *** The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance. Price action expected to occur over the next 14 days. Good luck, *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
Long
by Traders-Corner
2