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Cup And Handle

ALGO Cup & Handle FormationMany alts still trading near the lows looking very bullish in preparation to breakout to the upside. Theyve been consolidating at the lows for very long time and ready to rock & roll. Entry here is a bit high in terms of risk:reward with the stop loss at the last low ~$0.15. I suspect a liquidity grad could take place first (retest the breakout) but that may not happen. You can also look for entry after move up along the top of the c&h line where resistance will be looking to turn into support, thats where bulls will be setting up their next move higher to take out shorts. Min target is $0.83 which is approx 4x from this 19c range. I would love to get a liquidity dip down to $0.10 before moving higher but that is unlikely to happen, possible but unlikely. ALGO has taken a very long time with price action so I dont mind entering higher than cycle low ~8c. *c to 25c was a sweet 3x for those of you who bought n took profits, so now lets focus on the move higher to retest that $0.80 to $1 zone The measured move (cup height) takes us to this zone. EW fib extension calculates to same zone, and we realign with the 0.236 fib retracement all surrounding a major support level that was broken on move down. If bull can reclaim that and turn it back into support, AGLO can continue much higher to complete the EW 5 wave sequence
Long
by CryptoHolix
ASO - Clear Analysis and what to look out forWe have our proven controlled selling algorithms taking control of price after closing a HTF cup. We are looking for some liquidity to be built within these teal and orange selling channels and for support to be found at our buying continuation channels of magenta and green. We are waiting for an initial break of orange strong selling to then retest teal tapered selling where as we can see a further breakout take place. Hope you're enjoying the long weekend and Happy Trading :)
NASDAQ:ASOLong
by ReigningTrades
MPHASIS LTDTechnicals: --> Seems that during July 2023, the price of the asset took support on the trendline which was formed back in May 2021. --> From that point on, the price moved to complete the cup and handle pattern and also broke out of the pattern. --> After breaking out, the price had retested the new support levels formed basis C&H pattern. Please suggest if any error or omission in the analysis and if possible please let know if any of you done proper fundamental analysis from your side just to improve my self.
NSE:MPHASIS
by Prasad_Chenchu
GLRYH - 14 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.
BIST:GLRYHLong
by TheArtOfCharting
Allied Digital Services Limited - Cup and handle breakoutADSL has formed a cup and handle breakout on a weekly timeframe and is currently retesting the previous resistance zone. It seems like a good time to initiate a trade, as the stoploss would be relatively small, being just below the crucial zone which is now acting like a support. Although the target is relatively small as per the price pattern, it is best to use a trailing stoploss instead of having a predetermined target. Why? Because this is not a large cap stock, and hence can generate a strong momentum, which one might miss out on if they exit at a predetermined price. That said, this is not a buy recommendation, please do your own research before trading, and do maintain healthy risk management practices.
NSE:ADSLLong
by Amit_Thakkar_