GBPUSD PROJECTIONThe price is moving towards 1.2500 and it could probably reverse back to the NFP news opening.
Cup And Handle
Monero (XMR) to $4000The above 10-day chart has so much going on, how to keep it short? Of all the data I’m trawling through there’s an observation among privacy tokens that continually catches my attention, no matter which, there’s incredible bullish macro structure unfolding. With one in particular and it is not XMR.
On the above 10-day chart price action has corrected 70% since the sell signal (4-day chart below) in May of last year. A number of reasons now exist to be bullish:
1) The ‘incredible buy’ signal + bullish divergence (3-day chart below).
2) Price action breaks out of bull flag formation, just as it did in February 2020.
3) Price action tests median line of bull flag just as before in 2020 and confirms support with 10-day Dragonfly DOJI candle. Wow. What a beautiful fractal.
5) The bull flag extension takes price action to $1150
6) A larger Cup and Handle pattern is very clear to see. The pattern would confirm with price action finding support on $410. After that the measured target is $4000.
7) Wink wink nudge nudge - don't know what I mean? Shame. (for those in the know, rules confirmed).
Is it possible price action falls further? For sure.
Is it probable. No.
WW
PS: ask me for updates below.
Type: trade
Risk: <=6% of portfolio
Timeframe: 18 - 36 months
Return: 10-20x
4-day sell signal
3-day buy signal + bullish divergence
ucobank cup and handle pattarnin ucobank one can observe clear cup and handle pattern on weekly time frame
MDB - 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.
Link leads the market (cup and handle)Link has lead the market during the last several bear markets. I believe this Link run is the start of the BTC run, I do still expect a quick washout before the halving. Link likes to do its own thing when BTC gets boring. I expect 20$ here and am hoping to get this washout over with. BTC could surprise and not dead cat which would lead to a hype cycle.
META CUP & HANDLE PATTERN META is trading a cup and handle pattern on its daily chart.
The price is trading above the Breakout: 236.86.
ST: 219.96
62%: 328.86
79%: 353.24
127%: 425.89
162%: 477.46
William J. 0’Neil developed and popularized in the 1980s the
Cup and Handle pattern.
Cup and Handle patterns are continuation patterns, and they usually form in bullish trends.
They also form in all markets and in all time-frames.
The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to months. The “Handle” part forms due to a price correction after “Cup" formation and before a clear breakout to the upside.
Cup and Handle pattern structure show the momentum pause after reaching a new high in a U-Shape form, followed by another attempt to breakout. When this breakout from the rim of the cup fails it starts to fall back to build the 'Handle' structure. Usually, the handle structures are small, and the handle depth should not exceed more than 50% of cup depth.
Entries
When the pattern breaks out above the rim of the cup, a long trade is entered above the high of the breakout bar.
Targets: 62-79%, 127-162% Cup height
Stop
A stop should be placed
below the middle of the
handle level.
What a art !!Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
bottom buy before breakoutHello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
HR Media - ready for big move :)
Hello All,
Apologies, I was banned by moderators, guess my Ban is over now and posting new ideas... The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Ashimasys, getting ready !!!
Hello All,
Apologies, I was banned by moderators, guess my Ban is over now and posting new ideas... The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Balkrishnan Papers - retesting ...
Hello All,
Apologies, I was banned by moderators, guess my Ban is over now and posting new ideas... The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
NET Volatility Contraction Pattern leading into EarningsNET has earnings coming up, but showed an entry signal today with the Pocket Pivot moving up and through the 10 and 20 dmsa. Thus far it is making higher lows as this is the first constructive base after breaking into the Stage 2 uptrend two months ago. Could enter here risking the most recent low. Risky with earnings coming up soon.
$EDU Cup and Handle Looking potentially another good setup to enter for a rip. Hope you caught the NASDAQ:IBKR yesterday 😉😄.
Advance Enzymes Weekly Chart (keep track chemical sector stock)Advance Enzymes
support 300
expected level 470
RSI above 60 D/W/M
EMA 20/50/200
Get Ready for a 10% Profit Explosion with LINKLink seems to have recognized its own potential after breaking below the beautiful ascending channel it created some time ago and exploring those levels for a while. It might be attempting to convey this potential to us with the Cup and Handle formation. The general target of these formations is expected to rise by the size of the large semi-circle we call the cup. We are approaching the end of our formation, and if we can re-enter the upward trend channel, the formation target will likely be achieved.
$LINK Cup and HandleThe market had a retracement-hopefully it was a retracement, and now it lighted it first white candle in 4 hr time frame. it may be early to make this assumption, but I will make it anyways.
15.935 is a critic resistance level. Below that level, the price is in process of making a cup and handle formation.
I am expecting this formation to be completed before this coming Monday. If it doesn't, this idea will probably be cancelled.
I would break my LINK budget into three pieces: I would buy with now with 1/3, I would buy another 1/3 after the breakout-if it does, and I would use the last 1/3 if the resistance gets confirmed as the new support line. One important point is that 16.500 might be the highest high for this move since it might be completing its Elliot waves, so depends on the price action and indicators, TP might be necessary. Stops are always crucial, and it is different for everybody.
I hope LINK will do as we say. Happy trading.
ps trust me, this definitely not a financial advice in any sort of way
Stellar lumens to $12On the above 4-day chart is a ridiculous prediction. Nonetheless, the foundation is for lack for better word is, solid.
Price action has corrected almost 90% since the month of May 2021. A number of reasons now exist to be bullish. Those are:
1) The ‘incredible buy’ signal. Definitely not to be ignored on this time frame.
2) Price action now finds itself on the golden ratio at measured from the March 2020 lows to the highs of May 2021.
3) Let’s talk about this perfect Cup and Handle formation. Technically it is text book. The correction thus far is squeezing between the golden ratio and price action resistance. Eventually it will breakout, that’s your signal.
4) This is a 100x projection.
Is it possible for price action to fall full further? For sure.
Is it probable? An emphatic no.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 6 to 12 months, seriously.
Return: 100x
Is XRP going to $25 ??Probably.
On the above 5-day chart price action has corrected 80%. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame.
2) Price action is currently on the 0.618 golden zone as measured from March 2020 bottom to the April 2021 high.
3) The Cup and Handle formation is text book. The handle is forming a perfect bull flag. The $1.80 target is an easy stretch to make from current levels.
4) IF the $1.80 becomes support later this year, expect $25 as the next target.
5) On the 2-day chart (below) price action is printing strong bullish divergence following a buy signal.
Is it possible price action falls further? For sure.
Is it probable? No.
Those crazy targets a number of charts are suggesting are nothing to do with the token itself but rather everything to do with what is happening to the dollar. This is what the beginning of a currency reset looks like.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 70x
2-day chart
v i x MarketI have been watching this stock for a long time. I am waiting. When will the pattern go above 60 RSI? Then we can buy it. This stock is the best. When the market starts moving, it will go up.
Richemont - Area of InterestThe stock has rallied well in January and is now entering the next area of interest R2980-R2820
It will be key to see how price action develops which will give clues to whether we break up further or have a pull back towards the up trending 20/50 ema's to recharge.
Note we still have a cup in handle pattern in play with a measured move that targets the R3150 zone (gap fill).
$UNI AnalysisFor sure, either up, or down. Depends on the direction it chooses, these are my lines that I am following.
Cup and handle seems to be a strong indication of an up move; however, until it breaks 6.977 resistance and retests the black conventional support line it is all imagination.
We also need a relatively high volume to avoid sideways range and to go on a direction.
One thing that's negative is the divergence in RSI. It shows that the breakout and retest of 6.977 is significantly important.
If it chooses to go down instead, breakout and retest of 5.724 is critical because if you look at the chart on daily timeframe, you may see a head and shoulder formation which can take us 3.836.
Either way, long or short, I wish all of us a happy trading.
-this is my idea, not financial advice.-
1878 - 5 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.
Rose cupRose cup and handle on the weekly is forming beautifully, if we get that BTC dead cat bounce this will form the rest of the handle before liftoff. This is a longer-term chart here, I am net long but for 2024. 4-5 weeks time for the formation to play out.
