Cup And Handle
2281: At Support Level or Cup & Handle (Watchout)2281 is forming a cup and handle pattern on daily timeframe.
Volumes are low
However, Price is at a significant support line confluence with volume POC
A trendline support is respected in the past.
If the support confluence is respected, price will go up and touch the TP levels of 123
However, if it breaks down then there is a long bearish rally.
Watch out to take positions.
@PLTR - cup and handle on Weekly chartSeeing a Cup & Handle on weekly on PLTR . should spike soon.
Cheers.
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
MSFT Bullish Continuation out of a Cup and Handle LONGMSFT on the daily chart shows the price action in the bull run out of the Covid lows then a
cup and handle pattern is printed and finally bullish continuation above the level of the cup.
Since the cup has a height of $145 and the level of the lip of the cup is $345, the pattern
forecasts bullish continuation for $ 145 above the cup's lip at $ 345 and so targeting $ 480.
I will continue to add to my MSFT position while watching for pivot lows on the 120-240 minute
charts. MSFT is a major player in the AI space and could even launch its own semi-conductor
division to compete with NVDA and the others. It has a healthy balance sheet and free flowing
cash from which to grow without dependence on interest rates coming down. The RSI indicator
shows consistent strength without signs of being overbought.
MOBILEUSDT 10m Chart: Awaiting Volume Increase to Confirm Cup aBITGET:MOBILEUSDT is forming a Cup and Handle pattern on the 10m chart. For this formation to be confirmed, we need to see an increase in the asset's volume. If the handle confirms, the targets are aimed at the flow zones in the volume profile and the convergence of Fibonacci projection.
S&P500 INDEX: Growth Will Continue!
S&P formed a cute cup & handle formation after quite a strong
bearish movement on this week.
A bullish breakout of the neckline of the pattern
is an important sign of strength of the buyers.
I think that the Index will keep growing next week.
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Celsius looks like it wants to reclaim a Dollar! :0Nothing really dies in crypto lol
Theres always one more pump left lol
Sad state of affairs to all the people who got their coins stuck in celsius
But the the FTX fallout could give credence that people will actually made whole.
Technically the chart points to good news down the road .....
or could be traders wanting to pump something that hasn't moved much already
The two breakout levels are clear for all to be seen let's see what it can do.
S&P 500 CUP & HANDLEHello Traders and welcome! Let's take a look at the S&P 500 today.
The price has formed a cup and handle on its weekly chart, successfully breaking above the breakout level of 4815.92. Levels to consider are 38%: 5325.92, where partial profit could be taken, and this level might be used as support in the near future. Further targets are 62%: 5634.84 and 79%: 5857.40.
NEARUSDT THREE RISING VALLEYSWe were first presented with a momentum shifting structure which looked like an inverse head and shoulders with 4 shoulders, but then created 3 consecutive higher lows and higher highs to form the image of a three rising valleys structure.
We sprung from the resistance line and recently back tested the neckline as support. Our first target is the measure from the first low and first high from the three rising valleys. Our second target is a key resistance line from October of 2021.
If the asset falls below the third valley then the setup is invalid.
As a compliment, NEAR when compared to the BTC chart also looks bullish, so we could see NEAR outperforming BTC in the near future.
Overall, NEAR has had a strong uptrend in weekly scale compared to most altcoins so I'm expecting it to keep outperforming in the next few months.
SILVER (XAGUSD): End of Correction?! 🪙
Silver formed 2 bullish patterns on an hourly time frame
after a correctional movement.
I see a tiny double bottom formation and a falling wedge pattern.
Neckline / trend line of both patterns were broken.
We might see a bullish movement today.
At least to 30.9
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