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Cup And Handle

Anupam Rasayan Simple Price Action Analysis BullishNSE:ANURAS The Price is in an Uptrend making HHs and HLs on a Candlestick Chart. The expectation is that it will continue the existing Uptrend and hence will create a new HL and HH in the candlestick chart, this should take the price up to 1254.45 for now. therefore, a Cup like shape might form in this chart. We also do have a Trap Zone which might stop the current correction and help to create the HL in this chart. In this kind of chart, one must buy in tranches at every dip and hold for an approx. 28% to 31% Return on Investment. That is 279 to 297 points.
NSE:ANURASLong
by priceissupreme
Bitcoin Chart Analysis: Cup and Handle PatternObserving the Pattern Upon examining the Bitcoin chart, we notice the formation of a classic Cup and Handle pattern over the past few months. Cup Formation: Period: The cup started forming in early April 2024. Bitcoin's price began at around $71,630, declined to a low of approximately $56,500 by end-April, and then gradually climbed back to the $71,630 level by late May. Shape: The bottom of the cup is rounded, indicating a strong consolidation phase, which adds strength to the pattern. Handle Formation: Period: The handle started forming in by late May 2024. The price moved sideways with a slight downward trend, fluctuating between $71,630 and $66,500. Shape: The handle is relatively short and tight, with the price consolidating without significant drops, maintaining the overall bullish structure. Breakout and Target Projection Breakout Point: The breakout has not yet occurred. We are closely watching the $71,630 resistance level. A decisive move above this level with increased volume will confirm the breakout. Volume: It is essential to observe a noticeable increase in trading volume during the breakout, which will further validate the pattern. Measuring the Target To determine the first target after the breakout, we measure the depth of the cup: Depth of the Cup: The difference between the peak ($71,630) and the bottom ($56,500) is $15,130. Target Price: Adding this depth to the breakout point gives us a target. Thus, $71,630 + $15,130 = $86,760. Conclusion As the breakout has not yet occurred, it is crucial to monitor Bitcoin's price action around the $71,630 resistance level. A successful breakout with increased volume would set the first target for Bitcoin at approximately $86,760. Investors should remain vigilant for confirming signals and be prepared to adjust their positions accordingly.
by MyNameIsEmrah
1
8795 - 7 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSE:8795Long
by TheArtOfCharting
CONY: A Very Speculative Buy w/ Chart Pattern w/Bitcoin&CoinbaseFundamentals: CONY is a covered call strategy. If bitcoin collapses again, the CONY will go bust. It could turn into a dividend trap. It is highly speculative. However, if bitcoin propels forward or goes sideways, then these two scenarios will be best for CONY. Technicals: Plan: To trade CONY buy observing health signals from bitcoin (BTCUSD). Theory: Reading the tape is the same as identifying chart patterns with transaction volume. BTCUSD is retesting its all time highs and consolidating. BTCUSD has given two buy signals after re-testing all time highs: two morning stars on the daily chart. BTCUSD daily uHd with extreme buy indicator. Note: CONY today has issued a dividend of $2.7944 per share today; hence, the drop in the chart on CONY. Meanwhile, bitcoin has given a buy signal today. It is worth the risk. Here is a daily chart of bitcoin with the buy signal: CONY, itself, is within the 23.8% - 38% buy zone area of a large cup-with-handle pattern, after a minor successful cup-with-handle pattern within it that appear in February 2024. If bitcoin does not collapse, then this could be the beginning of "wave b" or "wave 2" and end of minor 4th wave. Comment: I speculate that CONY will reach around $38 buy July or August 2024. The plan is to re-invest dividends along the way. I am treating the money invested as though all of it is gone, for now.
AMEX:CONYLong
by Rocketman
15
Ryan Specialty Holdings (RYAN): Super Stock!Fundamentals: RYAN (Ryan Specialty Holdings) is a super stock in my book. The balance sheet is booming off the charts with accelerating earnings and sales. It is in a healthy industry and has great cashflow. Some off-loading of funds for a quarter, but that is probably temporary. 73% return on equity. Technicals: Daily: Technically, on the daily chart, there is a cup-with-handle pattern to boot within a larger weekly cup-with-handle pattern. Weekly: Comment: I already bought it around 55ish and at 49.87 before the breakout based on a higher time frame pullback. Target is 100 by end of year and stop is 41.77.
NYSE:RYANLong
by Rocketman
1
Bitcoin BTC Cup & Handle Possible on 4hBYBIT:BTCUSDT.P Possible Cup & Handle on 4h CRYPTOCAP:BTC Measured move 83k zone Support needs to hold at 67k and 65k - would be buying opportunities depending on entry trigger. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
by imr4nkh8n
Cup O' The Morning!! - EUHere I have EUR/USD on the 1 Hr Chart!! Price has been traveling in a Descending Channel and after the Test of the Support @ ( 1.0800 - 1.0810 ) last night, Price made a DRASTIC return to the Resistance!! Upon the Price Action you can see that Price is getting ready to break BULLISH of this Channel via the CUP & HANDLE pattern forming!! Price has given us the COMPLETION of the "BOWL" NOW with price struggling to break to NEW HIGHS, we can expect price to come down looking for SUPPORT!! Where at?? Taking the Fibonacci Tool, we see our Targeted Fibonacci Zone being the expected "Handle" levels are ( 1.08297 - 1.08381 ) *If price is unable to BREAK HIGHER, I will be looking for BUY OPPORTUNITES AT THIS ZONE!!! My area of Profit Target, if the Pattern remains VALID up to the point of its Full Execution, will be the 1.0900 Area
Long
by Novi_Fibonacci