Stratis potentially breaking upward from Cup and HandleLooking to the left of the cup we can't see any obvious higher points where a deeper cup could forms o there's good chances this is a legitimate cup and handle breakout...we will have to see how it behaves in the enxt couple 4hr candles to be sure but now is still a good entry point...especially if it's valid...if not you will be able to tell relatively soon by lack of a bullish volume boost over the next 2 hr candles...at that point it may still be forming the cup but jusging by the left side of this cup it's unlikely that the cup hasn't already been formed.
CUP
Cup & Handle Season: How to Spot an Invalid Cup&Handle BreakoutIt's Cup & Handle Season! There have been multiple cup and handles that have formed all around the altcoin market recently in what I am going to dub as cup and handle season. I'm out hunting for valid cup and handles and while most of them this time around seems like they will eventually be validated....it is easy to get faked out by these patterns and think the top of the cup and even the handle has already formed when in reality the cup is deeper than you originally thought and the handle has not yet occurred. I'm using Cardano as the main example here because it illustrates this fake out quite well. There ahave been a few more of these type of fakeouts around the altcoin market and I will also be posting snapshots of those as well. As you can see here, the inner cup and handle was not the valid cup and handle and where we thought it had broken the neckline a few things occurred at that point that signaled to us that it actually hadn't broken the neckline. First and foremost we didn't get a huge boost of bull volume that needs to accompany such a breakout in order for it to be valid. This volume boost should occur after 3 consecutive 4hr candle closes above the rims neckline. 2nd, we got nowhere near the top of the dotted projected price target line, and 3rd where we turned around and the price started falling back down there was a candle tip on the left side of the cup that we could connect a horizontal trendline to and form a new higher neckline of our cup making the cup deeper and the projected price target breakout higher. You always want to consider on the left side of your cup, when charting your cup and handle, whether or not there are any potential candle tips above where you are charting that could eventually be the real rimline of the cup, and keep those in mind if these kind of fake breakouts occur so you know exactly where to readjust your top trendline. Anytime you see these potential higher spots on the left side of the cup it's always wise to have a good temporary exit strategy because once you readjust the line to fit the higher candle tip on the left, you want to do it right around the time that the top of the cup has just finished forming, that way you know you can short and that some dipping in price will have to ensue in order for the handle to form, because since the new top of the cup has just been found the handle has actually not formed yet. The 2 best places to enter a position during the formation of the handle are 1. at the bottom of the handle which is usually going to be around about half the price of whatever the projected breakout price target will be, or 2. right after it breaks upward out of the handle and starts heading towards the neckline. When trying to guess where the bottom of the handle will be, keep in mind that valid cup and handle patterns handles do not dip further down than half the size of the cup, also let a few candles on the handle develop first to get an idea of the trajectory its following...once you have that take those trendlines to about half the cup and handles breakout price target is set at and odds are good you will be able to buy in very close to the bottom of the handle for optimal profits. Waiting till it breaks out of the handle is also a good strategy as well because, you don't have to spend as much time in the consolidation period as buying at the bottom of the handle which can leave you waiting quite awhile for the handles breakout to occur sometimes. The good thing about these fakeouts, is you can still make profit on them during the fakeout, and if you know what to look for you can then turn around and exit those positions until the bottom of the real handle and then continue to make profit on them. This fake out can happen multiple times on one cup as well. ..but if you know what to look for you'll be prepared & only make profits off both the fakeouts & the real breakout. Thanks for reading and good luck!
Good Incline and then Gradual declineHey guys, I'm pretty new here, so please take what I say with a grain of salt.
I propose that Bitcoin is making a very large cup and handle, with it's current rate of rising and looking at the past performance. We can see that BTC will go upwards 10k+ and then bounce off the resistance and slowly decline, possibly down to the middle portion of the cup.
Nano next in line to break above handle & flirt w/ cup neckline good entry point here on nano....it wille ventually break above this neckline.
bitshares cleared for takeoffLoaded up on bitshares 3 days ago and some more earlier today. Glad I did looks like it will hit its target sooner than later. Once it does I will start to ladder out profits and shift them to other alts that are on the verge of triggering...only leaving my foundational long term holding percentage of bitshares in after i've laddered out a few different levels.
Zen Cash's handle is another cup and handle. Double C&H?Every cup and handle that's materialized across the alt market the past week or so has had its own distinct nuances in its cup and handle....Zencash's handle actually appears to be another cup and handle. So it is esentially a double cup and handle. This should help it break above the rim line o it's bigger cup and handle with more authorrity than some of the other cup and handles who have poked their price actions head above their rim line and then bounced back under it. One thing I'm noticing in many of these current cup and handle patterns, is that the lowest point of their handle is approximately 1/2 the price point as their projected breakout target...meaning if you could buy in right at that point you'd have solid odds of doubling your investment on a lot of these cup and handles within a very short time. Of course this is simply a hypothetical observation and in no way shape or form meant to be taken as financial advice. You make your own choices there. So good luck and thanks for reading!
NEO triggers cup and handleNeo is looking rather bullish. Be cautious however because some people believe it may be also in an inverted cup and hande chart pattern as well which leads to a bearishdrop...if that were the case then the current regular cup and handle we are in and its breakout would be actually forming the upside down cup and handles handle. For now though it's gonna be moving bullishly up and a good one to be holding right now...but also wise to prepare for any sudden drastic 180 degree turns to the downside that could validate the inverted cup and handle.
Vechain c&h has triggered; QLINK & GAS heading towards rimline.Yet another installment in the neverending cup and handles of the altcoin market. The main chart is Vechain I will post gas and qlink snapshots in the update section.
Stella flirting w/the rimline of cup throwing bullwicks above itShouldn't be much longer before Stellar triggers it's cup and handle as well...likely a good entry point here..the upside is around 75% gains if it reaches the projected breakout target. I've noticed each alt's cup has it's own unique individual bowl shape and its own unique handle similar to the others but fun nuances between them...some have broading desending wedges for handles, some have symetrical triangles, others even have diamond bottoms...rather beautiful in the geometric way the each unfold. Good luck in whichever trading decisions you choose for yourself. *not financial advice*
ADA breaks the rim of its cup and handleSSIA the break up from the handle would've be the most ideal entry point but with ladder in more from here for my own personal strategy of course with this being non faniancial advice and everything. Good luck in whicher method you decide to choose. There will be several more cup and handles to break in the coming days all across the market...its kinda like an Easter egg hunt. Best of luck keeping your eyes on all of them closely enough to catch when different ones trigger.
ICON Cup and Handle formationCup and Handle formation has formed for ICON. With their ICO platform release coming this month we could see a nice raise.
Be careful as if they delay the ICO platform release the price might drop a bit.
Super 'Cup and Handle' is forming. Interstellar travel possibleHi everyone,
I want to share with you the option of a super pattern forming . It's called 'Cup and Handle'.
The link here will provide you with a reference image: i.imgur.com
To me it looks like we are forming a round bottom and the possibility of forming a cup and handle should be taken into consideration.
If this pattern works out we should rally to 11.8k, get rejected, go down to around 10k to grab dynamite and obliterate 11.8k for revenge.
Beyond that point interstellar travel will be possible.
Please take note that this is just a scenario. Do your own research. Never put your fate into 1 trader.
Greetings and goodluck,
Vincent
XVG 1HR CHARTKeep an eye on XVG for a small round up pattern.
I'm still bullish myself on Verge.
As shown we may see a retest of that price zone followed by a small rest
& then hopefully rallying up for some good gains still to come.
Happy Trading Ya'll
Storm/BTC cup and handle formingGood Day, browsing some charts and came across the STORM project and seems to be making a beautiful cup and handle formation
which could lead to a high % move up, Cheers!
Storm's Cup and Handle has Tremendous Upside.We can't be certain Storm'ccup and handle will trigger...but in the current context of the market probability is very high that it will and the upside is huge...the cup is so deep that even at its downward slanted angle Storm will; likely double in price. Of course this is just an assumption based on technical analysis and meant to be my own personal strategy not any sort of financial advice for I as alwayts am no financial advisor. Best of luck with whatever strategy you choose to implement for yourself.
[LTC-USD] CUP & HANDLE- BULLISH SIGNAL ON LITECOIN! Lets hope for the best with this bullish signal on the 30 min chart for Litecoin! More momentum and volume needed right now!
Stellar's Cup & Handle is Nearing its NecklineAn agressive trader would enter here a conservatie one would wait for 1 hr hour close above the neckline. In context with every other cup and handle that have been triggering around the market the risk/reward ratio right now is very good to ladder in fractionally ahead of tim with smart stoplosses....always most wise to wait for the breakout and a 4hr close above though. Keep an eye out and you make your own decisions because this is not financial advice.
Digibyte is above the rim of its picture perfect cup & handledgb has formed a picture perfect cup and handle and has broken above the rim/neckline...if it closes the current 4hr candle above the neckline then I think it's ready for blast off. Also take a look at the volume boost on it on the last 4 hour candle...explosive.
ICON (ICX) Cup and Handle (Yet another one)Across the boards we're seeing C&H setups. This is just another one that has come full circle.
Ethos(BQX) Cup and Handle - Major Pump EmminentI see a cup and handle forming on the 4HR. Also, bullish crossover on the MACD about to commence. If the overhead resistance is broken we could see a major price increase.
I am long Ethos(BQX) and see the potential for this to be a $30-$50 coin upon release of their Fiat integration the beginning of Q3. The UW will be coming out in the next few weeks which will likely raise the price in the short to medium term.
***This is my first post, so please do not take this as financial advice or a recommendation to buy or sell. I am new at this so any advice and criticism would be appreciated.
-DC
BCH had its turn at the front of the pack now its ethereums turnEthereum is the next big Crypto to break the neckline of their cup and handle pattern and it's off to the races...as you can see here the projected target of this breakout is significant and was worth me putting some of my BTC holdings into ETH during this ride. ETH is one of the premier coins/platforms in crypto and it should be a mainstay in the future...coinbase seems driven to allow the ETH eco system/virtual machine to thrive from recent announcements where they underscored their extended support for not just Ethereum but ERC20 tokens in general so with Coinbase so invested in Ethereum's success I think it will be a mainstay for many years to come and worth holding at least a 10% position in if not more.
