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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
XLong
by without_worries
34
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.
NASDAQ:MDBLong
by TheArtOfCharting
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.
NASDAQ:METALong
by TradeChartPatternsLikeThePros
5
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 :-)
NSE:HTMEDIALong
by GKTrademanthan
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 :-)
NSE:ASHIMASYNLong
by GKTrademanthan
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 :-)
NSE:BALKRISHNALong
by GKTrademanthan
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.
Long
by TonyStellar
1
$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
COINBASE:LINKUSDLong
by frikko23
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
COINBASE:XLMUSDLong
by without_worries
131
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
BITSTAMP:XRPUSDLong
by without_worries
225