Get started

Cupandhandlepattern

🔥 Bitcoin Looking Very Bullish: Cup & Handle Bitcoin has been performing extremely well over the last two weeks. In previous analyses I wrote that I expected the ETF to be a longer-term top. We dropped over 20%, but I expected we would drop to the 35k-30k area. Yet here we are, retesting the pre-ETF launch resistance merely a month later. As of now, it's more likely than not that BTC will make new highs in the near future. Price action is strong, and so is the stock market. However, there's a minor risk in the very near future, which is the very overbought RSI. With a 4H RSI at 83 points, it makes it risky to step into a short-term long position at the moment. I'm expecting the price to correct a couple of percent to let the RSI cool down a bit. This would be a great entry for a longer-term swing position, since there's a high probability that BTC will break through 50k with force on the next leg up, creating a nice cup & handle pattern.
INDEX:BTCUSDLong
by FieryTrading
20
CADJPY CUP AND HANDLE PATTERN Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start. Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure to return here for the rest of this analysis! Observing the price action, we spot a distinctive double bottom with a Low Cup at 104.247. At present, the price is positioned below the Breakout level at 110.624, and keen-eyed traders will note the ongoing development of the handle phase. When the awaited breakout materializes at 110.624, we'll spring into action and execute the trade, securing our stops just below the previous low pre-breakout. Our sights are set on the first target zone: 62% at 120.845 and 79% at 123.620. And that's not all – keep your trading antennas finely tuned, as additional setups may converge on smaller timeframes, further enriching our trading landscape. Remember, trading is an ever-evolving journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉🚀
Long
by TradeChartPatternsLikeThePros
6
#Tata ELXSI making cup&handle pattern, 27% upmove possible?TATA elxsi on weekly time frame has made nice cup & handle pattern. And if we calculate the depth of this range then we can expect around 25-27% upmove till 10000/10294. Off course there are multiple resistances at 1) 8627 2) 8953 3) 9420(important FIB resistance) where booking some profit or trailing SL will make sense for me. Let's if this stock can give some fireworks on upside or not. Happy Diwali everyone :)
NSE:TATAELXSILong
by ssudhirsharma11
Very bullish chart for $LINA buy at 0.007 tp at 0.02 or 0.03Bullish: 1. Weekly stoch bottomed, one of the first ones 2. Lower time frame bullish divergence 3. A falling wedge forming since June 2023 4. A cup handle pattern is formed, left side is April 2022, right side June 2023 5. Team is making a lot of partnerships almost every week, check out Twitter and Medium 6. Although the Chinese CEO has left, this used to be a China Hong Kong coin and thus still benefits from the HK narrative (ETF whatnot) 7. Linear 2.0 is in full development, they are partnering up to make a DEX 8. BNB broke out, a BSC coins could have their turns now Bearish: 1. Monitoring FUD 2. BTC is on a suspicious rising wedge, maybe we have major bull trap first pumping the living hell out of altcoins before the crash
Long
by Heartskull
6
Strong technical potential for up to 60% advance PLTR was a true market leader back in 2020, but in brutal bear market of 2021-2022 the price was devastated almost by 90% of decline. While price still is far bellow its all time highs and thus has substantial overhead supply, my technical analysis shows substantial potential for at least one more wave higher in 2023. Thesis : until price respects and holds its Sep'23 lows 13.6, I expect price to form continue forming the right side and handle of the cup, following by the break-out to 23-28 ideal resistance zone.
PLong
by artemfedorov
3
TSPC - CUP WITH HANDLEI bought my positions today January 8, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. A long base cup and handle formation 4. One inside day pause in the handle area 5. The base has VCP characteristics 6. High relative strength 6. Volume dries up as less supply coming to the market 7. Huge volume on the breakout Flaws: 1. The market is still in a hard-penny environment with only 31% of total stocks above the 200-day MA 2. The index is moving higher but there are still less stocks setting up. I like to see some follow through action from now.
IDX:TSPCLong
by rifqonr
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi. COINEX:BTCUSDT As you can see , t he price was able to break the cup&handle and reach the first target, now the price is in an ascending triangle, which can easily reach the desired target after the break. 🟡 Summery: -btcT has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pattern is Visible on The chart! -AB=CD -On the way to 45k 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hi t ❤️ 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!! Previous Analysis:
COINBASE:BTCUSDLong
by CobraVanguard
14
Skipper Ready for Double Skip :)Skipper had a Blast of nearly 15% today and ended right at the BO zone of Multi year Rounding Bottom BO On Daily Chart - there is a Cup and Handle Pattern with same BO zone. Above 275 WCB for target of 340 On Monthly Chart - There is a Rounding Bottom pattern with BO above same 275 WCB for Target of 530 almost 2x from CMP 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:SKIPPERLong
by Stocks-n-Trends
I'm Finally Blasting "IFB" Industries :) - Part 2IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern. After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets Targets 1) 1500 2) 1990 3) 2800 4) 4000 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:IFBINDLong
by Stocks-n-Trends
GROK BULL RUN STILL POSSIBLEGood morning traders A few days ago i posted about GROK and the potential it has of starting its bull run We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes I am still very bullish on GROK at this time and the cup and handle pattern is still valid An invalidation would be shown when the bottom of the cup pattern is breached and closed lower Until then i will continue to add to my GROK holdings at a discount Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis MY TAKE ON COMMUNITY... Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions Enjoy the rest of your day!
Long
by cryptopsycho1111
4
Cup with Handle on IBM Attempting to Break $140 Resistance LevelWe have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
NYSE:IBMLong
by RizeSenpai
1
AMZN solid earnings high volume for 10 months Cup and HandleAMZN has risen lately above the lip of the cup of the pattern on this 4H chart. The pattern suggests $ 50 USD upside or 35% beyond present price. The chart shows the buying coming in once price reached a rounded bottom an began an uptrend. Earnings beats have been significant especially compared with the miss a year ago. AMZN is like the massive river with branches feeding the volume of the river's depth and breadth downstream. Its dominance and resilience is impeccable like others in the titans of tech. Price is now in the ascending bullish continuation portion of the handle. I see this as a setup for a long swing stock trade as AMZN heads into the next earnings. Another long play is call options in five weeks at $ 156 or six months expiration at $176 strike which is the head and shoulders pattern of 2021.
NASDAQ:AMZNLong
by AwesomeAvani
Gold price today and prediction of upcoming trendsHello everyone! Today, we witness the continuing downtrend of gold prices, currently hovering around the 2023 USD mark. It's a decline of 5 USD for the day and over 30 USD since the beginning of the week. This decline is primarily attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling gold to secure profits. Looking at the technical analysis charts, gold seems to be forming a 'cup and handle' pattern, reinforced by a bearish signal from the reversing EMA 34. If gold breaks through the critical support level at 2015 USD, we might see a more significant drop, aiming next at the buyers' defense zone around 1982 USD. What do you think about the future of gold prices? Do you expect it to rise or continue its current downward trajectory? Share your thoughts!
OANDA:XAUUSD
by Karina_Bella