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Cupandhandlepattern

Small MC crypto BTC2.0 Swing Trade $BTC2Potential opportunity for a nice swing trade at approximately $0.65. The stock seems to be forming a Cup and Handle pattern, which is a classic technical analysis formation. In a Cup and Handle, the price chart resembles the shape of a tea cup with a handle. It's considered a bullish continuation pattern, suggesting that after a previous uptrend, there might be a consolidation (the 'cup') followed by a smaller pullback (the 'handle') before another potential upward movement. This pattern often indicates a period of accumulation and can be a signal for a potential bullish trend. Keep an eye on the developments, and if everything aligns, it could be a great chance for a profitable short-term trade. Enjoy exploring the possibilities in the market, and happy trading, lads!
Long
by TraderWU
1
ETHBTC - The Final Support and The Final CallBitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line. Please tell me if I am wrong, I see a three patterns when zoomed out; First is a massive rising double bottom, Second is a massive cup and handle, Third is a massive inverse head and shoulders. All indicators seems to have bottomed out as well. And on the other hand, Ethereum network is very active, wallet count is increasing, burning mechanism is working well; in the last 30 days -39,767.33 ETH were burned. It is simply deflationary. My observation causes my instincts to tell me that this is the final call before the big flippening narrative starts to be spreading again. I know BTC is the key player in crypto, but I dont see ETH getting crashed any further againts it. Do you see any bearish patterns or signals? Please let me know in the comments if you agree or disagree with me.
Long
by TheAlchemist888
3
Where will gold prices go?Hello everyone, do you think gold will continue to fall? Today the gold price continues to decline and the price is trading around 2030 USD. On our chart analysis: Gold forms an inverted cup and handle pattern. Current support level is 2017 USD. Accordingly, the 10-year US bond interest rate has surpassed 4%/year. This factor has pushed investors to put capital into bonds, meaning very little money flows into precious metals. Today's gold price continues its downward trend, which is inevitable. In fact, during last night's trading session, the world gold price sometimes reached 2,040 USD/ounce. However, when the USD appreciates and US bond interest rates go up, many people fear that gold prices will go down. Since then, they have tried to sell to recover capital, causing gold prices to decrease and make it difficult to recover.
OANDA:XAUUSD
by Karina_Bella
1
The Reliable "Reliance Twins" - MultibaggersYou can see the Monthly charts of "Reliance Power" compared against "Reliance Infra". I am not calling them "Twins" just because its from same "Reliance Group" But I was flabbergasted to see the Exact Chart Structure - from Similar Timelines. Channel Breakdown - Recovery - Trading inside the Channel and now finally Breakout of Multiyear channel. Amazing Duo - Xerox copy of each other and both forming Multi-bagger Bullish Structures now... Reliance Power Targets - 37, 45 Reliance Infra Targets - 300, 360, 450 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:RELINFRALong
by Stocks-n-Trends
1
Hindustan Copper - Is it Really Copper or is it Gold ???For the past couple of Weeks - Gold is falling in the International Market. We all know that Commercial 22k Gold needs Copper to make it stronger, but here we are seeing Copper Turning Gold by itself... Hindustan Copper is all set to rewrite history... Technical Analysis: Weekly: Beautiful Cup & Handle BO completed on Weekly with targets of 320, 370 Monthly: On Monthly scale though - the match is yet to begin. Once 320 is reached, at a monthly level it would trigger a huge Rounding Bottom Pattern with a much larger target of 615 Another multi-bagger stock. With the BO of Nifty Metal Index - many metal stocks are taking cue and joining the rally. Make Hay While the Sun Shines....Make Money when the Metals are Hot :) Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HINDCOPPERLong
by Stocks-n-Trends
COAL INDIA CUP & HANDLE PATTERN BREAKOUT ON 04/09/2023CUP & HANDLE BREAKOUT - SUGGESTED IN 4TH SEP 2023 Entered at - 290 Targets - 345,445+ Target 1 reached & given 92 points (32%) Given CMP - 376 Re-entry possible at 345 level.. if again falls than you need to average at 295 level @Jagadheesh_JP In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:COALINDIALong
by Jagadheesh_JP
UNION BANK LOOKING GOOD TO BUY - LONG TERM INVESTMENT CUP PATTERN Entry Price - 100 SL - 80 Targets - 120,140,170 In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:UNIONBANK
by Jagadheesh_JP
4
Idea about IDEA !?!Ever since Vodafone IDEA made headlines breaking out of the 20% circuit limit to 25% - there has been Rumors & Speculations on different lines a) Govt converting their debt into Equity b) Govt Planning to sell stake to Elon Musk's Starlink c) Amazon, Verizon in talks with Idea for potential takeover d) Idea declining the above speculations.... We need to understand one thing - "NEWS" is usually Hyped, Sudden, aimed at creating a situation of FOMO (Buy) or Panic Selling . The Power of News 99% of times is very short-lived unless and until its an authentic news that the company has officially declared itself as Bankrupt. So How do we Trade such Stocks: Positive or Negative - whatever be the News - we always have to review the Charts to look at the Immediate Supports & Resistances. Yes - sometimes, a News is so powerful and Hyped that it might demolish one or more Support or Resistances, but that's all. After that, the Support and Resistances take the opposite side and starts to show their magic. In the case of IDEA - On Monthly Chart - there was a Candle Body level Resistance at 16.1 and Wick level Resistance at 16.9. At the end of the day - the Price could not break 16.1 - though it just formed a small wick above - the price ended just lower Dynamics for Tuesday: a) 16.1 resistance is still Alive b) Vodafone IDEA - denied all speculations - so 99.99% buyers will give up c) At 16.1 the price has formed a Rounding Bottom Pattern but BO failed d) So next likely pattern is Cup & Handle - How far can the Handle come down ???? 12.15 is the next major support and also 0.382 on FIB Retracement scale Beware of SL Hunting: a) Now if the above message is undeniable and everyone will go on Sell side - how will Operators & Big players make money ???? - SL Hunting b) I expect the a Gap up / sudden big GREEN Candle to start on Tuesday - Luring retailers to Go Long - may be until 16.9 and there will be a Sudden Crash - gobbling all our SLs Be Aware....Be Prepared...."Learn to Ride the Tide - Irrespective of its Side".... - Team Stocks-n-Trends
NSE:IDEAShort
by Stocks-n-Trends
8
AUDCAD MULTI TIME FRAME ANALYSIS Hello Traders! 🌟 Today, we're diving deep into an exciting analysis of the AUD/CAD pair. Get ready, as we unfold the story this chart is telling us across various timeframes! 📈🔍 📊 Weekly Chart: We've spotted a fascinating rectangular channel, indicating a consolidation phase. A key point here is the price rejection at the lower trendline (around 0.85627). Currently, AUD/CAD sits interestingly at the mid-channel point of 0.90564, a critical area to watch. 📅 Daily Chart: Things get more interesting here! We see a Cup and Handle pattern (or a Double Rounded Bottom), hinting at a bullish future. This pattern is eyeing a breakout at 0.90567 – a level we should keenly observe. ⏱ 4-Hour Chart: Our analysis shows an ascending triangle, a typically bullish signal. The price is flirting with the resistance, also at 0.90567, mirroring the daily chart's breakout point. 💡 What This Means: The alignment of bullish patterns across multiple timeframes can't be ignored. If AUD/CAD breaks above 0.90567, we might see a strong upward move. However, always remember, the market can surprise us! 📈 Trading Strategy: Considering a long position on a confirmed breakout above 0.90567. Setting stop-losses wisely, perhaps below the recent low or the weekly lower trendline. Profit targets? Look towards previous highs or Fibonacci levels. 🚨 Risk Management: It's crucial in Forex trading. Manage your positions responsibly, and don't overexpose your capital on a single trade. 🌍 Keep an Eye on the Bigger Picture: Global economic news, especially from Australia and Canada, could sway our pair, so stay updated! That's it for today, traders! Remember, the markets are dynamic, and so should be our strategies. Trade smart, stay informed, and let's catch the next big wave together! 🌊💼 Happy Trading!
Long
by TradeChartPatternsLikeThePros