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Cuphandle

BAT There is a "Cup" Coin in the channel Option "Cup with handleAfter the breakdown of the horizontal channel, the figure "double bottom" appeared on the chart of the coin. This was in the previous trading idea for this coin in the update. Profit amounted to + 76% The situation is now. At the moment, we have the shape of a cup (saucer, rounded bottom) which, at the 4th stage (breaking through the resistance of the "bowl"), can go up to the indicated resistance. Another option - a downward channel can be drawn, which will act as the "Handle" of the "Cup with handle" figure . It is very important that if we follow the second scenario, the red zone is important, which will act as a support for the global channel. Roughly speaking, a successful retest of it will give a signal in growth over the entire width of the channel, and this is + 160%. But if support breaks through, then in the near future it will be better to forget about trading this coin. This is a very unlikely scenario. But this must always be remembered. At the expense of the coin, the coin is very strong fundamentally , this is one of those coins that I constantly trade and increase my position. I’ve been trading for almost a year and a half BAT. For example, this trading idea for trading BAT / BTC in a horizontal channel for November 2018. I showed all three options on the chart. The most likely is the "Cup with handle." ______________________________________ A bit about the figures on the charts Saucer shape (Bowl, Rounded bottom). The Saucer shape, or as it is often called the Chalice, the Rounded bottom is a long-term figure that predicts long-term growth that looks like a concave arc. The figure is found on large timeframes. In most cases, on weeks, but on instruments that quickly go through their cycle (cryptocurrency), they can occur on a daily timeframe. The rounded bottom is quite rare, but very reliable bullish pattern. Typically, a pattern is formed at the end of a long-term “bearish trend” and usually gives a signal of a market reversal. It should be noted that the ideal symmetry of the figure is not a prerequisite. The main thing is the presence of its key components: the descent of the price, the bottom, the rise in price and the breaking of resistance. Ideally, the formation of the “Saucer” pattern usually occurs in a narrow price range, in a calm market with the least volatility, when a trend reversal occurs smoothly, without strong price spikes. If, however, price spikes occur, then very soon the price will return to its usual range. The figure signals the long-term nature of the formation of a trend movement. The longer the figure forms in time, the stronger the signal is considered. The most reliable are the figures formed on weekly charts for at least several months. The older the time frame, the more reliable the signal. The rounded bottom is a long-term figure, and can stretch on the chart for a long period. _________________________________________ Stages of the formation of the figure. The Saucer figure consists of the following steps: 1) The descent of the price is the first phase of the figure. Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction. 2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum. 3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration. 4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule. ______________________________________ The figure "Cup with handle" (Mug). The "Cup with handle" ("Mug") figure is a figure of the continuation of the trend. It is very reminiscent of the Saucer reversal pattern, but without the handle. One of the main features of this figure is that it is a continuation figure precisely on an uptrend. The figure got its interesting name because of the external similarity with the shape of the cup. The "Cup with handle" figure (Mug) consists of two parts: 1) Bowls. 2) Pens. This pattern appears on an uptrend. A pattern begins to form when a bottom forms in a concave arc on an uptrend. This is the first part of the figure - "Bowl". Upon completion, another bottom is formed, much smaller than the first. The edges of the "Bowl" and "Handle" are at approximately the same level (form resistance). Upon completion of the formation of the "Handle", the price breaks the resistance line from the bottom up and the figure is successfully confirmed. ________________________________________ Shape shaping and volume change. As a rule, the volume at the bottom of the "Cup" has a minimum value. "Cups" should gradually increase. The prices of pens should be reduced during formation. On the breakthrough of resistance, “Pens” are of high importance. When the resistance of the figure breaks through. _________________________________________ You need not only to know the rules of technical analysis, but also to understand what and how and why it works. All successful bidding.
BLong
by SpartaBTC
6
Mobius CUP & HANDLE patter (MULTI TF analysis with indicators)Hello my dear followers, traders, investors Show me the chart and I will tell you the news. ------------------------------------------------------------------------------------------------------------------------------------ More Multi time frame updates will be added as well as indicators analysis with portion of fundamentals too ------------------------------------------------------------------------------------------------------------------------------------ So PLEASE hit like to support my work and Follow if you want to stay updated :) Watching on MOBI makes me FOMO and so will many other traders of XLM or thoose with access on Bittrex too very soon What I see here is big potential for Cup & Handle pattern formation. Key level is 300sat range. And I want to multiple my XLM bags since I loaded my XLM at C&H pattern in the range of 3-500sat BITTREX:XLMBTC Im personally buying MOBI for both XLM at stellarport(dot)io/exchange as well on Bittrex(dot)com for BTC Because both assets charts looking bullish for MOBI side as its accumulting for a long time way under the ICO prices. Im expecting some news to pop up soon as a catalyst since latest team feedback 6 Dec 2018 ( 3 months ago) twitter.com It feels like Mobius team is cooking something behind the doors and buying its own product so it makes people to think that the project is dead but the chart is telling a different story here. For so literally dead coin from fundamental side is interesting to mention that during 2019 MOBI was listed on Bittrex and UpBit exchange Initial entry for Mobius BTC - Bittrex (240-350sat with - avg. 310) XLM - Stellarport ( 0.09 - 0.12 - avg 0.108) Latest Mobi trade **This analysis is reload of MOBI asset from sold bags - (Link at Related Ideas)** **Attempt to predict of future price movement** ** Instruction how to trade potencial Cup&Handle pattern **
MLong
by Anoinvest
1
TRXBTC | MASSIVE Cup and Handle formingAs you can see, I am currently watching the charts for a potential cup and handle forming on the 4h chart for TRX . This one could become a huge opportunity for a swing trade, if I'm right. But first, here are my assumptions and the important dates you should know: 1. TRON has dated the launch of their main net for May 31st (first vertical line), this date is known for a long time and last time when they launched their test net, there was a huge run up a few days before, followed by a massive dump on the same day. It may the same for the main net launch and the run up could be already baked in the price (of the recent high). 2. Since there is the needed token swap just 3 weeks after the main net launch (second vertical line), the dumping on the date of the main net launch could be not as bad as the first time. 3. TRON has a great community, is already on a lot of exchanges and has a lot of volume all the time. So I am expecting a high volatility before and after the deadlines. 4. As far as I can see TRON fans are strong hodlers and got big hopes dreams. 5. Bitcoin doesn't do any crazy stuff. Now what I am expecting: A little correction back to the ascending triangle with 900 Satoshis as top line. Maybe we form a nice inverse head and shoulders here. Once we break above 900 Sats my next target is the completion of the huge cup and handle at around 1060 Sats. If we break this area with volume before May 31st, I am looking for an exponential run up to the higher target (2) of round about 1300 Satoshis. But just in case we have a very bullish sentiment in the whole market. The more likely scenario for me is a breakout of the cup and handle pattern right before main net launch. Maybe stopped at a big even at around 1200-1250 Sats (T1B), followed by the expected dump on May 30th -June 1st. For example back down to the breakout point and then a bounce off the cup and handle in June. The second target is at the .382 fib level. My very long term target for the cup and handle would be at around 1700 Sats, that's the distance between breakout and the bottom of the cup. This line also fits perfectly to the body of the ATH-candle. Makes sense for me. But I think we need a great bullish sentiment for this scenario to occur. Maybe at the end of the year if Bitcoin starts running again. With all that volume, TRX will offer enough chances to earn some money in this case. Don't fomo and set your Stop-Losses like a pro. Possible Trades : Buy zone: 825-850 Sell at T1: ~25-30% profit (40% for T1B) Sell at T2: ~50-60% profit Sell at T3: ~100% profit So please let me know what you guys think about this idea? Sources: TRON Main net Launch on May 31st: twitter.com TRX Tokenswap on june 25th: twitter.com None of this is financial advice, of cause. I am just drawing fancy looking lines on my screen.
Long
by GoldCryptoKnight
5