Solana needs a breather and will go down to major support. Ethereum is gonna leave a multi-year long created cup-and-handle formation behind it to the upside. Simple.
I'm liking the cleanliness of the 2011 - 2024 cup and handle. I am going to be a little unconventional here by going with a % target rather than $ target, which means I'm looking for a nearly 100% increase from the top of the cup ($2050) which gives a target of around $4100. It could certainly go higher depending on geopolitical issues, global finance issue,...
Many see this ETH/BTC price ratio as the ignition for the Alt Season Price is flerting with a long multi-year resistence, since 2021! A strong break out here will signal the so waited Alt Season, but first there must be a retest of the lowest purple line, the Beam Band bottom line Also here, we are still waiting for a local bottom blue tag from Hodlfire...
TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge, it started the downside initial part of a cup and handle pattern. The reversal occurred 11 months ago with the upside completion of the cup back to 57.5 In the typical cup and handle, the handle then forms in a 50% retracement of the height of the cup. the cup height...
Hello, fellow traders. At the beginning, the first observation - we are in such a phase of the cycle that even I want to write something... :) It will be short and to the point. Not everyone will like it, because they don't assume that we get into the rockets, fasten our seat belts and fly immediately "to the moon". My previous analysis (unfortunately not...
As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target,...
On a daily time frame, Cup & Handle pattern can be seen forming which may give a breakout.
How to trade cup and handle pattens with entries and stop levels.
TKO Plotting a cup and handle, if this pattern is confirmed then I expect the price to pump soon. 🚀 NFA & DYOR - Thanks! 🤑
I have position today The stock breaks out of a textbook cup and handle pattern. 1. The stock is in a confirmed stage 2 uptrend 2. High volume breakout 3. High relative strength 4. Bought perfect at pivot level.
Abcellera Biologics is a biotech stock setting up in a textbook cup with handle pattern. The stock has growing institutional sponsorship as shown in the chart from MarketSmith on the chart. It also has a relative strength ranking of 97/100. Shares formed a cup with a 37% depth and have since drifted back slightly to form a defined handle. I will consider buying...
I have positions today Why I buy the stock: 1. Low-risk entry 2. It forms a classic cup and handle pattern 3. High relative strength. 4. Volume decreasing (1-2 punch), less supply coming to the market. Also, the stock closes good with huge volume on the breakout.
I was watching for coins or tokens to purchase if BTC would crash, I looked at Solana and saw market cap is still 11 billion. I thought, well, lets look for fastest blockchains, maybe there is a new one. I found Brise, then I saw it went up by 300% in a couple of weeks. I looked in the Telegram and saw there was a CEX listing coming, then I decided to open a...
Missed the base breakout. buying as the price retraces back and turns back up on upside, the way Mark Minervini buys pullback setups Chart detailed out Bought at 345 with 10% position size Stop at day's low or previous day low Publishing for my own reference. Not an investment/trading advice.
The cup and handle currently being formed would suggest we go higher, but the coinciding of the 200MA on the daily timeframe with the bearish butterfly harmonic pattern suggests that upward pressure will be cut short around 24150, finally marking the highest point of the bearflag and it's breakout to the downside.
We have a cup and handle forming on the BTC chart. The 1.618 of the bullflag forming right now is 27350, at which point reversal will most likely happen, making 15600 the target thereafter.
Cup and handle formation.. cryptocurrencies tend to be pretty uneasy with these patterns. Included a small Fibonacci retracement
Cup and handle pattern showing on WTI CRUDE. Fundamental news of 12.8M real vs 2.8M estimate drawdown of US inventory jump starts the bull case for oil. Although there is resistance line starting from beginning of June, that trend has a short history and upcoming global events may help the break through this resistance. The G-20 summit is currently happening....