Cupandhandlebreakout
Dabur India limitedCup and Handle pattern in Dabur India limited.
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. - "Investopedia"
Mp MaterialsIn this chart you can clearly see the trading range MP is oscillating in. Once we are breaking above the Fib 0.5 with a closed daily candle above it's a confirmation of the completion of the C&H and a clear break out. And from there I would scale in more for a long position. If earnings are okay, we stay within the pink line and oscillate as this is the new channel.
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CDEV: Cup and Handle Breakout ConfirmedNASDAQ:CDEV
This is not financial advice. Just a swing at charting and ideas.
On 4/28, we see the right of the cup. The handle leveled off over the next seven days. Following CDEV's after-market earnings report, on 5/5 the volume spiked and there was a $0.61 gain from previous close price to a high of $4.86.
Price target is $5.50.
If the bullish trend continues we could see another cup formation. Considering the spread of the prior advance (Nov 2020-Mar 2021), the pullback and subsequent rise of the new cup; these are healthy indicators priming CDEV to retest the previous high of $6.24.
$ZIL Zilliqa 3 Years ago....Imagine this: 3 years ago on 5/10/2018 investors bought (ZIL) at the previous all time high of 23.55 cents. On 3/9/2020 Zilliqa (ZIL) hit an all time low of .0021 cents! Zilliqa (ZIL) is currently in price discovery searching for a new all time high. This is not financial advice.
DASH/BTC Cup & Handle Breakout!About a month ago, I mentioned how DASH had broken out of a descending wedge for DASH/BTC that had been forming since around the beginning of 2020. Now it looks as though a cup and handle pattern has been forming since Valentine's Day 2021 (how lovely) with the handle formation completed (nicely outside of the wedge) and an additional retracement back to the point of the breakout now completing as well.
If the cup and handle pattern continues and does not break further below into the handle, there is a potential upside to near the length of the cup (dashed green line) based on the rules of the cup & handle pattern.
However, as no pattern is guaranteed, there is of course the possibility that the trend could head further below the breakout, but at least so far the pattern looks fairly consistent with the appearance of a cup and handle pattern with potential upward in my opinion based on a continuation of the aforementioned descending wedge breakout as well.
As always, this is solely my opinion and should not be taken as financial advice. But please like or comment if you agree or see anything differently.
WABI Cup and Handle - Over 200% potential profits Cup and Handle playing out with the handle now formed its a case of
waiting for the break of this channel and a break through the resistance for
a nice long with 80% targets .
Of course if you are less risk adverse and wish to enter now at your own peril then
I dont rule that out but have a clear Invalidation and SL .
BTC as im sure you know can destroy even the most set in stone setups with its volatility
so keeping your eyes on BTC activity is a must when trading ALTS .
Targets are laid out with the 1-1 extension at play as well as the measured move where I would be closing on the way up .
My only request is a Like and follow to support my analysis .
CRV-USDT(Cup and Handle Formation)With the Total Value Locked in DEX at record highs (~19.2 Bn), Curve has reserved its second spot in the list with ~$4.8 Bn locked in its protocol.
On a 4 Hour Time Frame, Curve has been forming a Cup and Handle pattern .
Key levels to watch out:-
As depicted in the chart, the resistance is placed at ~$3.3 , Breakout from the pattern may trigger the rally to the level of $4 .
The support to the lower side is placed at $2.9 .
Breakout of Cup and Handle formationThere was a breakout of cup and handle formation. Now it's correcting itself, so there a good opportunity to buy at this level or you can buy after a breakout of previous green candle. Since it has broke the Cup and handle formation with good volume there is a good probability that it will give a good return in coming future. Plus the fundamentals are very strong, accelerating quarterly eps, accelerating annual eps, sales are growing, so i recommend to buy at this level.
Possible C&H on XRPUSDT 1H chartThis is my prediction for XRP. The cup and handle is so far looking pretty good, so keep your eyes peeled for this one. I already missed the breakout leading up to this point so hope i get some gains from this. Not a financial advisor, beginner at this. Comment your thoughts on this below.
SXP - 5$ in the next big wave?Here's a quick look at SXP 4 hr. chart. The price action has been forming a bigger cup & handle, and in time of writing this post, the price is breaking out from the handle. Our first big obstacle will be to get through 3.8$. Keep an eye on this one.
One thing to note here is that the price has been falling as well as the volume - thats a bullish sign.
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BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!