$RNDR - Cup & HandleHello my Fellow TraderZ,
$RNDR - seems as it is forming a beautiful CUP & HANDLE patter on 2 HTF.
Just a minor barrier of $1.77, we clear it is good to book some quick profit around $2.1
CHEERS!!!
Cupandhandlepattern
$STORJ - Cup & Handle on DTHello my Fellow TraderZ,
If you notice we are in the new narrative phase in #CRYPTO following 'File & Storage'.
$STORJ is one of them, making a beautiful and classic Cup & Handle Pattern on DTF .
Crossing above Daily EMA 200 and $0.52 will send the price to ~$0.8 and above for almost 50-60% gains.
Watch it Fellas.
CHEERS!!!
TRXUSD: Cup With Handle Visible on the MonthlyTRX had a similarly Bullish ABCD BAMM Pattern on the FTX chart but that has since played out and gotten shut down. Now we move on to currently active exchanges and we can still see a Potential ABCD BAMM and a Cup With Handle; if we can stay above the moving averages i suspect we will pump to the measured move between the 1.414 and 1.618 Fibonacci Extensions above.
This is what my BITCOIN CHART is showing me.Traders,
Looks like the Cup and Handle pattern I anticipated previously is being legitimized by recent price action. Here's where we go pending confirmation on the daily.
Stew
Stellar Lumens - Looks good technical and fundemental - 2023!!This is not financial advise to go all in big, DCA and use risk management otherwise if you like go big on this investment
Stellar Lumens is more than an investment hold to 2025 and more, you can trade it if you like
On the fundamentals side Stellar Lumens has so much going for it. Too many turning a blind eye on this because it moves slowly
Would not be surprised if intuitional investors buy up big in big volumes for 2023
Some links to do with Stellar Lumens for own research
www.coindesk.com (IBM partnership with Stellar Lumens to issue stablecoins through World Wire)
stellar.org (USDC stable coin running on the Stellar Network)
stellar.org (Moneygram partnership with Stellar for remittance payments)
satoshipay.medium.com (SatoshiPay partnership with Stellar for micropayments)
stellar.org (Representing Blockchain on the Commodity Futures Trading Commission’s Global Market Advisory Committee)
Stellar Lumens Coffee Cup pattern on the Weekly chart - see the handle of the coffee cup? Once break it on the weekly, it has to close above $0.175 US and than it can do 10x - believe it reach $1.75 US, instead of the $0.82 US last high. Now it can bottom out 1 more time till about April 23 around $0.0676 US, the last bottom on the weekly was $0.07 US and believe it has bottom out. You can wait or DCA now. I believe it's still a very good buy now, trying to work out the perfect bottom forget it. On Weekly Stellar Lumens can still be bearish around June 23rd however for that case it going up slowly till it breakouts
If you confident about Stellar Lumens I would like this article post to have more research links for other bullish scenarios for the Stellar Network
Could SWIFT payments be replaced on the Stellar Lumens network as the alternative faster and reliable form of payment transfers?
Could Nasdaq exchange allow digital payments for trading on the Stellar Lumens network?
Bitcoin Handle Forming Quicker than Expected. Will This Play OutTraders,
My anticipated Cup and Handle pattern looks, indeed, to be forming. The question remains on whether it will play out or not? If bulls are able to break that neckline at $24,200 then, over the next few weeks to months, I do expect them to continue to pull Bitcoin towards that target of 33-35k. Seems hard to believe I know but this is what the technicals on the chart are showing. Watch closely and trade accordingly. I will begin to start trading regularly again should we break that handle neckline.
Best,
Stew
REVIEW $PDDFA
V - Yes
I - Yes
G - Yes
TA
1 - Respect major upward trendline
2 - W formation / C&H formation
3 - Broke major resistance
DOGEUSD Let's see if the history repeat itself!Graph shows some similarity between early 2021 all time high and nowadays.
We will live and see if history repeat itself and make "Cup and Handle Pattern".
Be your advisor...
Bitcoin Potential Cup and Handle PatternCurrently shows cup pattern with the potential to form handle, once the handle pattern breaks upside could result in bullish uptrend.
The drawings are just to get an idea, as the price may not match 100% to it.
If you have any suggestions feel free to write in the comments below.
Thank you
JINDALSAW formed cup & handleCMP 142 | New 52 Week High | Good quarterly growth in the recent results | High volume gain | Bullish indicators | Increasing Revenue every quarter for the past 2 quarters
Iron & Steel
Product line of the company includes Large Diameter Pipes, Line Pipes, Ductile Iron (DI) Pipes, seamless tubes etc
*Not recommendation
EURNZDEURNZD - A break to either direction
Pennant/ Inverse Cup & Handle / Bear flag - Whatever is on your trade plan...
It's a break above Highs of: 1.70115 It would take you towards 1.70725
A break below the lows of: 1.69170 it would take you towards 1.68560
Ideally wait for the break for further confluence. However, be sure to stick to your own trade plan.
Trade Journal
DAX - ☕DAX - ☕
One of my most favourite patterns! Cup & Handle pattern - Inverse!
I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance.
Highs: 15420
Lows: 15280
A break above the highs this trade plan is no longer valid. A break below the lows I expect the continuation of bearish price action to continue and breaks below the trendline then we may go towards 200 EMA area.
Have a great week ahead,
Trade Journal
Key tip: Ignore the noise
Hcl tech redy to breakout Its in consolidation high chances of breakout
Buy after breakout if u won't want risk buy after retest
NVDA Analysis: Cup and Handle PatternNVDA: Update on Cup and Handle study originally shared on January 23, 2022. NVDA has since moved 17% since price of 188.35 at time of initial publish. Premise of directional continuation is a gap to a higher volume shelf if structure sustains at current levels; These values would revisit auction not seen since April 2022// KLS: 214.98, 219.76, 221.81, 228.29, 235.63; <214.98 could see 212.00, 209.72, 207.80, 205.38// Bias: Neutral to Risk On// Beta: 1.79, ATR: 9.40, RVOL: 1.33// Price at time of publish: 218.86
MAGICUSD: Cup with HandleI found a decent looking Cup with Handle on this scoin and it looks like it could rise 24% from here.
FRGT - Bullish Cup and Handle PatternHello everyone,
FRGT has been setting up quite nicely since a long time.
Looking at the chart on 4HR timeframe, it has setup a Cup & Handle pattern. It even broke the cup resistance line at 0.5292 and closed the price above on the daily at 0.5599. This is a bullish indicator.
Entries can be made based on how the next candle runs. If you'd like to enter now, I'd have a tight stop loss at around 0.47.
Target levels are :
Target 1: 0.6037
Target 2: 0.7062
Target 3: 0.8087
Target 4: 1.36 (being hopeful here.)
Note: Scale out as it goes up.
Stop-Loss: 0.47
Do your own research before trading. Please like if you agree or comment if you have any questions.
Happy trading!
MEDC - CUP WITH HANDLEI bought my positions today
January 19, 2023
The reasons:
1. Low-risk entry
2. Cup and handle pattern
3. High relative strength stock
4. Constructive basing period
5. Outstanding fundamental basis.
The flaw:
The general market is declining, the breakouts are prone to failure.
Boston Scientific Fundamental Strength and Technical BreakoutBoston Scientific develops, manufactures, and markets medical devices. Q4 earnings were reported this week providing a clear picture of 2022 annual fundamentals. The fundamentals considered are presented on the chart with brief commentary.
Technical considerations:
Price bounced off of trend line going back to 2012
Ascending triangle breakout
New ATH weekly close
Positions:
Entry: 100 shares @ $48.71
Target: $67.43 by July 2025
Stop: $44.19 (~20-week SMA, below 2023 low)
R/R: 4.14
Reward: $1872
Risk: $452
Time Horizon: 12+ months
Current price (weekly close): $48.50
Risk Analysis Chart:
Main chart before distorted by publishing process:
AAPPL - Cup and Handle Formation on the Daily Time Frame I clearly see a cup and handle formation on AAPL in the daily chart. It syncs with a similar formation on NQ Futures
Looking at 150 in the short term
$LSTR is showing signs of moving higher from its cup and handle!Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
QQQ Cup & Handle Set-UpQQQ looks bullish, classic C&H on micro time frame - Volume matches pattern
4:1 Profit potential. TQQQ for 3xLeverage= 18%-20% possible profit / 4-5% possible losses
***Be Careful -Negative CPI data on Thursday will cancel any bullish moves - lots of volatility & market manipulation to finish this week
Everyone is so Bearish right now.. this is the contrarian move... watch out for the composite man or woman
Proper entry: wait for break above resistance with large buying volume - *set your stop losses
