Cup And Handle
Cup & HandleStart forming a Cup & Handle pattern.
Waiting for the handle to form and as well the confirmation when breaking the upper resistance trendline on the handle
Target: in the area of $440 - 470
Market sentiment largely extremely negative. This is a positive.Analysts and articles claiming that this might be the end of the crypto bull market. A few even announcing that we won't have an Altcoin cycle this round (seen similar reporting during past 2 cycles as well) since institutions will only focus on ETF-approved coins. And numerous extreme negative sentiments pervading all around -- which signals a good time to prepare to continue to accumulating more.
BTC failed to set an ATH above 74kUSD after the latest FOMC meeting announcement of no rates cut = extension of accumulation opportunity . I was too optimistic prior to that.
Personally, I am now waiting to deploy my final pool of USDC capital (and even BTC) once there is a clear sign of a turnaround around the next lower support level, prob into Kaspa. IMO, BTC could retrace down to 60kUSD or even 57kUSD next, and "worse" case, down to 38-48kUSD.
Zooming out, it is presently merely consolidating sideways after a 90% increase from 38kUSD (23Jan'24), ranging btwn ca. 57k-70kUSD.
Will take a wait and see attitude for the moment.
If BTC do correct down to 38-48kUSD and then recovers back to 70kUSD, that would setup a massive cup and handle pattern with a measured move target of ca. 260-290kUSD!
Just some crude thoughts to put it out there for later later reference (like what I usually like to do), to be refined upon later once I'm home.
Short USDCHFCup and handle forming on Daily chart of the Swiss
In line with the current bearish trend it is my opinon that
there could be a could short opportunity . We would want to
see a breakout of the handle before an entry is taken. First
solid blue line has already been tapped so to make this a good
trade we would target the next solid blue line, the short tool
indicates the destination.
SMCI four-hour chart shows confluence.NASDAQ:SMCI shows a bullish cup and handle on the four-hour chart, as well as a bullish Gartley harmonic. Point C of the harmonic lined up with the lower four-hour 100 linear regression channel and provided the best entry. The middle of the four-hour 100 linear regression channel coincided with the handle of the cup, as well as the weekly 20 SMA, which provided another excellent entry with more confirmation.
APPS completing a cup and handle formation APPS is about to complete a cup and handle formation. Confirmation at the break of $2.49. TP at $3.54. 🚀
Bullish signals supporting short term positive momentum of APPS:
- Price broke the descending parallel channel
- Price is above EMA 20 and EMA 50
- EMA 20 crossed EMA 50 upwards
- RSI is very bullish but not in overbought territory
- Higher highs and higher lows since 20th June 2024
$BTC to ~$275k | Cup & HandleWhile I was looking back at / patting myself on the back for this positively identified large-scale Cup-and-Handle pattern on CRYPTOCAP:BTC that I called out in Feb '24 I couldn't help but notice another one, on an even larger time scale .
I don't make the rules: CRYPTOCAP:BTC to $275k. Not today, not tomorrow or next week, but by the end of the cycle- I would be shocked if this doesn't play out.
With BER:M2V already starting to make a run back to the upside and rate cuts seemingly just around the corner, JPOW seeming dovish, election szn, the list goes on...
Things could get wild very soon. IMO-- job's not done, hold on tight!
Cup & HandleSmall Cup n Handle then Bigger Cup now handle needs to be formed and then fly to the moon..
EURCHF: Bearish Movement After Breakout 🇪🇺🇨🇭
EURCHF looks bearish after a breakout of a key daily support.
Retesting the broken structure, the pair formed an inverted cup and handle pattern.
The last 4H candle closed below its neckline.
We can expect a bearish move now to 0.9644
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VST Industries21/07/2024
VST Industries - CUP pattern
CMP: 4573.10
If BO above 4850
Target:5335-5575-6300
Information is only for study purpose
This will make our jobs easier if #Stablecoin Dominancewas to reach the inverse head & shoulder target :)
Almost the same % when the #crypto market topped out last cycle.
Will it?
IDK!
Should u wait to those low single digit numbers before u emabrk on profit taking?
probably not.
We shall keep an eye on this of course.
Best of Luck
WIPRO, Cup and HandlePotential breakout from the cup and handle,
Target at 713, Stoploss at 431
Disclaimer : I am a aspiring swing trader, i have only started to learn to catch the pattern. So, please take this only as a idea
Short-Term BTC Swing - Cup and Handle..Presidential push up?Black swan catalyst could be Biden stepping down in the next couple of days or so, causing market turmoil temporarily.. possibility of turbulence usually increases bitcoin. If potential for Trump presidency outweighs Harris, could well be an upside to the top again.
AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
DDOGBought DDOG earlier at the same price. My logic is based on the weekly cup and handle pattern. Looks strong
BJCORP. Classic stock after 1998 crisis 18/July/24Berjaya Corporation. A Conglomerate in Malaysia where many investors have xx experience .. after 1998 Asia Fianacial crisis. But with coming "new"....
SOL-USDT Cup & Handle Pattern SOL-USDT Cup & Handle Pattern
T1 - $360 (Time Frame - 1 to 3 months)
T2 - $4500 (Time Frame - 4 to 12 months)
Condition If breakout happens at resistance point.
EURNZD: Bullish Rally Continues 🇪🇺🇳🇿
EURNZD may keep growing.
I see a strong bullish confirmation after a retest
of a recently broken horizontal resistance.
The pair will most likely retest a current HH soon
and will keep growing.
Goal - 1.805
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AEHRThis is the background for my entry earlier in April. Cup and handle (a flat pattern). A small-cap profitable asset, intend to hold for a while until it delivers x2-3
Big fan of the GOLD cup and handleI'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, global debt issues, etc. but I think that's a good rest stop for this particular pattern.
As for stops, gold is the only currency to have stood the test of time therefor we don't stop out on dips, we buy mor.
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT
SOLUSDT is in the ascending phase by the cup and handle.
SOL is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Possible cup and saucer chart patternPossible cup and saucer chart pattern on 1 and 4 hour timeframe
