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Cup And Handle

MYRIA - Elliott Wave AnalysisIn the first rally we can count 5 Waves up (white 1) followed by a retracement into the typical Wave 2 support (white 2) between the 0.786 (at ~0.0048) and 0.5 (at ~0.0098) Fibonacci retracement where we got a bounce from (green 1). We assume the latest bounce was the 1st Wave (green 1) of the 3rd larger Wave (white 3) and we are currently testing the Wave 2 support which is shown in the chart. Now we expect the 3rd Wave rally (green 3) of the larger 3rd Wave (white 3) to come. The first target of the green 3rd Wave is ~0.23 - 0.24 which is also the 1 to 1 target of the white 3rd Wave. Duo it being an "altcoin" it is possible to get an extended Wave 3 with shallow retracements along the way due the bullish market sentiment at the moment. Additionally it is possible to draw a cup and handle pattern where the decline of the past days is the handle in form of a downtrading channel. Here you would be looking for a break and retest of the channel. A sustained drop below 0.0082 decreases the probabilities of the imminent bullish set up and indicates a potential reset of the white Wave 2. NO FINANCIAL ADVICE.
MLong
by KanashimiBro
2
JOE's situation+next targets and expected movements.Hi. BINANCE:JOEUSDT 😊Today, I want to analyze JOE for you in a WEEKLY time frame so that we can have a Mid-term view of JOE regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). The JOEUSDT is in a Bullish phase by Ascending Triangle & Cup & Handle. - You can look for reasons to enter according to your own personal strategy after approval . ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Cup&Handle - Ascending Triangle Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
xauusd - short (cup and handle)(1h timeframe) DETAILS: after a strong uptrend the price made all time high , at the daily time frame we can see at the top (at the all time high) evening star (bearish reversal candlestick pattern) . The price entered in a strong support and resistance lines (the two yellow ones) , I noticed that the price made inverse cup and handle pattern and broke with big bearish candle the support line (the volume is not that strong) . we have all the signs that we are before a downtrend. I have drew the white rectangle as a support areas that can disturb the price a Littleton keep going down.
OANDA:XAUUSDShort
by omeramran67
BTC weekly cup & handleI drew this in early Feb, and have since adjusted it with the pullback from 73k, taking into account the cup & handle pattern forming on the weekly. Expect some sideways, downwards uncertainty whilst GBTC outflows continue on the ETF front. As halving approaches closer, the fomo will reignite and blast upwards with the realization that there is not enough btc being mined or on exchanges in the short term. My initial drawing was too short peaking at the previous ath then pulling back to 40k ahead of the halving. However, since early Feb, it has become clearer that there is no big pull back ahead of halving at this stage. Meme coins have exploded on solana, and solana itself has increased 60% since late Feb. Rotation into btc will inevitably happen with any more major pullback, which will limit the fall - at the expense of the alt coin market. First time publishing - Some wave 2 may be drawn more than the 50% way, and wave 4 is sometimes unpredictable and messy.
BITSTAMP:BTCUSDLong
by komodefi
CYRE3 - 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.
BMFBOVESPA:CYRE3Long
by TheArtOfCharting
Solana +59% price rise confirmed! All set to reclaim ATHPopular layer-1 digital asset, Solana COINBASE:SOLUSD , looks ready to revisit its all time high, around $259. My thesis is that Solana will continue to lead the charge this Crypto Bull Cycle, coming second only to BITSTAMP:BTCUSD . Recall that in the last quarter of 2023 we saw the coin rally over 463% from mid-October to the end of the year. Over that same period Bitcoin only moved by just over 73%, whilst Ethereum BINANCE:ETHUSDT did about 57%. At present, Ethereum is now only 22% from its all time high whilst Bitcoin has already created a new all time high. Meanwhile, Solana which is already proving to be a favourite for most retail traders and investors due to its cheaper transaction fees and faster speed is still a good 60% away from the ATH. Going into the technicals, the price chart of the 4th highest ranked digital asset by Market Cap (when excluding stables) is showing a clear cup and handle on the higher timeframes as pictured below. The handle is formed from another cup which itself seems to have another cup, a cup within a cup, within a cup…. the Cup n Handle Matrix lol Overall, I think this setup creates a great opportunity for those wanting to shift their positions to capitalize on the potential for larger spot gain in a “blue-chip” Crypto and for those looking to trade it on Margin, Futures or Options too. (If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking Solana is headed and what coins I can look at next) Happy Trading!
COINBASE:SOLUSDLong
by theblueinvestor
NIFTY NIFTY NIFTY !!!! Where it is heading toNifty is at crucial point in weekly chart This week closing shud decide the possible downward movement, I can the following negative formations so far 1) Pending Gap 2) Possible M formation Downward targets are 20800 & 20300 if it breaks the channel 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 :-)
NSE:NIFTYShort
by GKTrademanthan