NEO/BITCOIN - MASSIVE CUP&HANDLE -1/28/18NEO looks to completing a Cup & Handle Formation! Looks Bullish!
- Massive Cup & Handle looks to have formed, right now, Handle is forming. If Handle continues as should, expect a breakout of upwards price movement, possibly to ATHs.
- Mini Ascending Triangle has formed on the Handle of the Cup, a very bullish sign and indicator of further breakout upwards to come.
- Bollinger Bands determine breakout and trends. Bollinger Bands were previously narrow as trend continued to consolidate, BUT as Bollinger Bands begin to widen (as they are currently doing), this signals a breakout is imminent, most likely bullish based on the likely possibility we are in the formation of the HANDLE.
CUP
OMISEGO/BTC Forecast [Possible Cup&Handle Formations]- 1/27/18Forecast for Omisego
- RSI @ 49 currently, neutral as it is neither overbought or oversold, if RSI continues downward towards 30, OMG becomes more oversold and more bullish.
- MACD's last cross was January 17th, expect it to cross again in the very near future (maybe a week or two). Expect price breakout to be bullish.
- Bolling Bands are clearly narrowing, indicating a temporary trend has formed and may continue sideways. Once Bollinger Bands begin to widen again, we can expect a breakout, most likely a bullish one.
Charted two Cup&Handle formations, would love to hear everyone else's thoughts on them!!
Green Cup (longer, bigger cup trend) shows a possible cup formation in progress. If current trends can pick up and hit the 0.786 Fib Retracement level, we can expect a quick and temporary dip (known as the Handle) before further explosive breakout.
The 2nd Cup formation (the blue Cup), is also another possible Cup&Handle formation, this time, the Cup has already formed and we are just waiting on the Handle to complete its formation. If Handle completes, expect bullish momentum, possibly bringing us up to the 0.786 Fib Retracement level and maybe even finishing the 1st larger, green Cup?!!???
- We can also see that the 2nd,
smaller, blue Cup has a Handle the
seems to be forming a Falling
Wedge, which also indicates
upwards price movements once a
breakout occurs.
Also have a Symmetrical Triangle (black dotted lines, passing through the 2nd, smaller, blue Handle). This can also give us an indication of possible future trends from which ever way the breakout starts.
Support level has been drawn out, might seem sort of high, in any case, it is probably a good idea to have more than one support level drawn out.
Cheers!!
ETH/BTC Cup and handle formationHere we have ETH/BTC on the daily candle chart. What I attempted to indicate here is the formation of the cup and handle formation. I believe the strong psychological resistance at .1 will cause the price to pull back, forming the "handle" and this could indicate a bullish continuation.
EOS Cup&Handle - 1/19/18EOS
RSI @ 75.4, indicating oversold territory.
MACD remain narrow, indicating a breakout.
Bollinger Bands have widened, but look to be narrowing as a breakout becomes more likely during the formation of the handle.
Cup and Handle formation assumes Bullish movements ahead, we will likely see a retrace during the formation of the handle, only to follow a bullish breakout into all time high territories.
Your thoughts??
BCD/BTC Dream or possible cup forming ..? +350% IF....It's just an idea of possible cup and handle BINANCE:BCDBTC . Price can continue to go down or can stay at this price range.. Again one more time it's just an IDEA not a sure analysis..
But i think we are at the end of BCD correction (but Global crypto correction is not finish) and the big sell wall have been completed so why not.. if we have a good volume in the next day it can be possible but anyway don't sell your Bitcoin diamond and hold it.
[EOS/BTC] Cup and Handle formation!?Hello traders! Here we have , looking at it from a has been forming a 4H chart you can see a large CUP AND HANDLE over the past couple months. As outlined on the chart your buy point should be %5 above ideal point. If trade doesnt go as planned, there's 2 possible targets as shown on graph.
As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
VIB *LONG* Possible Cup and Handle Formation Obviously the handle formation is a bit exaggerated by the recent BTC run, but we have the makings of a cup and handle formation.
RSI and Macd provide possible confirmation of possible reversal.
Pending orders will want to be placed at a break of the neckline indicated in red. First target noted by green line.
Market is very fickle right now, so take profits when they are presented or just buy and hold!
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern.
Indicators like RSI are also bullish.
Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead.
I would recommend this call as a long term trade