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Cup And Handle

HBAR/USDT CUP & HANDLE TARGETAfter a 2-year accumulation phase, Hbar broke out of its major resistance level, and I believe this is the start of wave 1 of 5. The chart shows linear and logarithmic one-to-one price extensions of cup & handle patterns. There was a massive volume spike across multiple exchanges including Binance. I have set the target area where the price level converges with fib retracement targets. However, I believe Hbar will ultimately break out of this entire structure and continue to rise in price. I expect a minimum market cap of GETTEX:70B to $100B for Hbar, as it is an outstanding project with advanced technology and significant public adoption. Please note that this is not financial advice, only my personal opinion. Good luck with your investments.
Long
by ofehi
10
LVHM owns Sephora: Developing patternFundamentals: Buffett check stock ~ Do you like to consume LVMH and/or Sephora? If so, why not own the stock? LVMH owns Sephora so it is a double whammy. This is not a normal super stock that I like to buy. It consists of a different strategy with a bit of a Warren Buffet blend. We are looking at 3-year growth, yearly EPS, sustainability of growth and ROE. LVHM fits this bill. Technicals: Cup-with-handle pattern within stage 3 ichi development. pb to 50% in the cloud a-b-c extension with a pullback to "X" 5emas pb strategy + 1st pb of new trend spinning top/harami candle pattern with high volume at support entry: 175 target: 220 to 250 stop loss watch: price closing back below 155.
OTC:LVMUYLong
by Rocketman
DexCom with Growing FundsFundamentals: Develops glucose monitoring systems. This stock meets 80% of my parameters. I wouldn't have considered it if the earnings were not above 20%. I do not like the stability of the earnings and I do not like the trajectory of the earnings, though. However, I do like the accelerating sales. Funds and quality funds began to grow into this stock again. I am taking a small position. Earnings comes out tomorrow and the market will speak. Technicals: Daily chart Daily uHd at key support on top of a larger cup with handle pattern Weekly: 5 EMAs MACD pullback with ADX trend within a cup-with-handle pullback onto horizontal support
NASDAQ:DXCMLong
by Rocketman
Verge (XVG), over 100% upside potentialBINANCE:XVGUSDT , 4h On the daily timeframe, price is trading around a previous swing low area which is also above the 200SMA suggesting the long term trend is bullish. On the 4h, two chart patterns are emerging; 1) Descending Triangle & 2) Cup and Handle. It is prudent for traders to wait for break out or break down of the pattern to initiate a trade. For a long entry, trade could be initiated after the breakout of either chart patterns but stop loss could be tricky on this one. 1) For the descending triangle, SL goes below the swing low, that is the horizontal base of the pattern. 2) For the Cup and Handle, a tight SL could be set just below the low of the cup’s handle (green circle) Take Profit (TP) targets could be the previous support area turned support (red rectangle) with subsequent targets at the various market structure levels indicated with the red circles. As always, ‘’anything can happen’’ so let’s be patient as the market unfolds. #DYOR
Long
by daymouse
🚀Solana to $400 🚀🤑and higher! 1:6.3 RRRWith the Bitcoin halving now complete, I'm now back to looking for buying opportunities. We all know that Solana is a super-solid project despite the hiccups the chain has had over the past few weeks. The BINANCE:SOLUSDT price chart on the weekly timeframe shows that Solana broke above the key flip Zone a little over a month ago. Over the last two weeks, we've retested that flip zone and the wicks indicate that zone is holding, keeping the price above $116. While I'm waiting for a solid close of the 2-Day candle and of the weekly candle, I'm now more certain that Solana is ready to head higher. My first major price target where I expect we'll see a sell-off is $400.
Long
by theblueinvestor
TQQQ - Cup awaiting Handle ?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 measures 44.5 over a period of about 9 months. Notably relative volumes peaked at the bottom of the pattern. Once the retracement is complete, bullish continuation should occur to the extent of the height of the cup above the lip. That is to say an uptrend from 57.5 adding 44.5 to get to 102 more or less. But first the retracement and reversal must occur. Accordingly, if this is an incomplete cup and handle, it forecasts a retracement of 44.5 divided by 2 or to about 38 as shown by the Fib retracement tool. After that price must reverse then overcome the resistance of the lip of the cup ( 57.5) and continue to 102. Overall, this forecasts that a bearish crash is in store for TQQQ ( as well as QQQ from which it is leveraged). Time will tell if this pattern has given an accurate forecast. In the meanwhile, I will watch for signs of QQQ topping out on the weekly time frame after the same signs on lower time frames. The alternative view is that TQQQ is building an even bigger cup right now with the lip at about 88 when the price had a high pivot down on November 22, 2021. So, do you see a bigger or smaller cup pattern or none at all?
NASDAQ:TQQQ
by AwesomeAvani