Failed Breakout for NowLike most momentum stocks, FCX is having trouble taking out the ceiling. Its at a pivot of a cup and handle formation now. Volume has been light during the Santa rally but has big potential reward vs a small risk if breakouts begin to work in this market. I would love to see continued relative strength in the setup and big volume confirmation if it can move up through the pivot in the $40 range.
Cupandhandlebreakout
BNS breaking out of a cup and handle!* Great earnings
* Strong up trend
* High 3-month relative strength of 3.06 in the Financial sector
* Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average
* Base of the cup is ~21 week with the handle lasting about 4 weeks
* Also created a double bottom during the base
Trade Idea:
* Given the setup, now would be a great time to enter as the price is still very close to the broken resistance.
* If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area.
Caution:
* A daily close below $66.48 would negate the idea.
SSNC is one to keep an eye on!* Excellent earnings and accelerating
* Very strong up trend since inception
* High 3-month relative strength in the Tech sector
* Breaking out of a ~5 month base creating a cup and handle pattern
* Depth of the cup is ~15.5%
* Breaking out with higher than 15 day average volume
Trade Idea:
* Given the current market conditions you can open a small position with a hard stop.
* Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area
* If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
$KCS CUP AND HANDLE MEASURED MOVE BUY & HODL THIS COIN!!FOLLOW STEPS 1, 2, & 3, IT'S AS SIMPLE AS THAT!! THE MORE $KCS YOU OWN, THE MORE OF IT YOU CAN EARN!! THIS IS AS "NO BRAINER" AS THEY GET!!
1) Kucoin's house coin, $KCS on the daily has formed a massive CUP & HANDLE, which I didn't notice until now, because I never look at
its chart!! Why, because I don't need to!! I buy it when it is cheap and I just sit on an ever increasing bag of it. Crypto is
becoming mainstream and we are going to see Kucoin grow into a Binance sized operation. $BNB used to be super cheap and look
look at it now $636.46 (At time of publishing). Kucoin will be worth just as much, if not more, maybe next year, maybe 10 years
from now, I don't know, I don't care, just Buy, HODL, and collect. Passive income, this is the way!!
2) Measured move from the "rim" of the cup to the "bottom" of the cup. Draw line, move it to the "rim", presto whizz bang banjo,
Bob's your auntie, and you are about to double your money, IF you got in early... You really should have got in earlier than now!!
3) See I told you so, now you take some profit off of that bad boi or just continue the HODL...
Do whatever you want, I don't care, it's your money!!
You can buy whatever donkey you want and however much whipped cream your sorry little sad pants can handle, cause this is
America, unless you are not living in America, then this is wherever you are currently and that place is cool, too and I'm sure you
can buy any of the fine, nice donkeys that they have in that country, too, unless they have laws against that "sort of silly ole
thing", then in that case, you should probably clear your search and browser history and go somewhere where they are a little less
judgmental about what a grown adult, a donkey, & a case of perfectly good whipped cream do in the privacy of their own motel room that they rent by the hour...
Stellar Lumens 3 day chart - Long term coffee cup handle patternWe can see that Stellar Lumens from 2018 been going up slowly forming a coffee cup handle pattern for the 2 year cycle - 3 day chart
I think we pass the coffee cup handle now and first trend target around $0.80 US resistance and to break it if we have bigger volumes, heading towards $1.28 US fib targets
Stellar Lumens has the technical and fundamental news (especially with Circle US integration with MoneyGram)
www.nasdaq.com
We need big volumes now and Stellar Lumens the big winners for 2022 and 2023 completing a strong momentum bullish cycle for the next 2 years
$MTV is set to take off!! 🚀🚀🚀🤑$MTV a project that I fully believe can hit $1 eventually, especially since approximately 95% of the circulating supply is staked.
As you can see a Beautiful Cup and Handle Formation has already formed on the daily.
Breakout Target #1 is $0.0321
Breakout Target #2 $0.126
MultiVac has some of the best tech, tokenomics, & community engagement within the entire crypto space.
This is one of the few projects that I've been extremely bullish on!!
My bags are loaded, hope yours is too...$MTV is set to take off!!!!
SITE breaking out of a cup and handle!* Great earnings quarter over quarter
* Very strong up trend
* Breaking out of a cup and handle patter forming since early may of this year
* Very high relative strength over 3 months (57.1) in the Industrial sector
* Broke out with higher than average volume: 22.05%
Note:
* Given the market conditions it's better to book some profits earlier and let the rest of the position run.
Doge $Elon the next to pump? 🤔 hmm...On the 4hr Time frame a Beautiful Cup and Handle Formation formed for Doge $Elon.
Breakout Target is $0.000001258
The meme dog craze is back, and now everyone is looking for the next $Shib.
Doge $Elon may be the one that catches peoples attention.
As you can see by the chart, it's due for a pump!
Remember what goes up must come down, and just be careful with these type of coins!
MATIC CwP Pattern | Bullish Breakout | 148% Move ExpectedMATIC CwP Pattern | Bullish Breakout | 148% Move Expected
NOTE: Do your own analysis. Do proper risk and money management. spot trading only.
Matic was in diagonal resistance on May 19, 2021, and had a breakout on July 21, 2021. After a bullish breakout, MATIC created a very strong reversal pattern(Cup & Handle). I am expecting a 148% move ahead. Be careful if you are in this trade.
Buying Zone: 1.55138
TP1: 1.72561
TP2: 2.03258
TP3: 2.43912
TP4: 2.70461
Expected New ATH: 3.87341
SL: 1.25270
Trade Risk: 19.25%
Net ROI: 135% - 148%
Use only 15% risk of your account not more than that.
Happy Trading!
$VRA eyeing $0.26 🤑🚀🚀On the Daily Time frame a Beautiful Cup and Handle Formation already formed for $VRA.
Our First Breakout Target is $0.088 cents.
Our Second Breakout Target is $0.26 cents .
A good place to take profits would be $0.14. You can honestly take profits at $0.12 as well.
TBH Either of those would be good areas to take profits.
The MACD confirms the Strong bullish momentum.
Volume is increasing which means price action should continue going 🆙
What's crazy...is the best has yet to come, VRA got me rubbing my hands like Birdman!! 😎