TRON breaks out of the cup & handle pattern, just as predicted!TRON is on the move, and has made some massive gains today. There could be some massive gains in this crypto over the next few months. This is a great sign!
Cupnhandle
Cup & Handle formation on the XRP Hourly Chart.There is a perfect cup-and-handle formation developing on the XRP hourly chart. This not only makes it easier to identify some promising trade setups but also suggests that XRP might be poised for a significant upward move.
Good luck, and always use a stop loss!
IDEA:CUP AND HANDLE FORMATIONThe NSE:IDEA is currently forming a classic Cup and Handle pattern. This bullish continuation pattern suggests a potential upward movement once the pattern completes and breaks out. Here's a detailed breakdown of the pattern and the trading strategy:
1. Cup Formation:
The stock has undergone a rounded bottom, creating the "cup" part of the pattern.
The left side of the cup was formed due to a decline in price, reaching a bottom before rising back up to the original level.
This cup formation indicates a period of consolidation and accumulation, where buyers are gradually gaining control.
2. Handle Formation:
Following the completion of the cup, the stock entered a small consolidation phase, forming the "handle."
The handle typically slopes downward or moves sideways, showing a slight pullback.
This pullback is generally short-term and should not exceed more than one-third of the cup's depth.
3. Breakout Point:
The ideal entry point for traders is the breakout above the handle's resistance level.
Traders should look for a significant increase in volume during the breakout to confirm the move.
Target:
The target price can be determined by measuring the depth of the cup and adding it to the breakout point.
Target Price Calculation:
Target Price: 25
Stop Loss:
Place the stop loss below the lowest point of the handle to protect against a false breakout.
Stop Loss Price: 15.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
A 16 month Cup & Handle formation for FLARE about to pop...FLARE has been creating a massive Cup & Handle formation for over 16 months, and it appears that a massive breakout could happen any day now.
Enjoy the ride!
SNPS Cup N Handle Retracement TestHello everybody thank you for watching my video on this cup and handle setup the price had broken out over the resistance line on the 17th of June and started to retrace all the way up until today so we should see some respect of the support line for a possible entry. if that does not hold tomorrow and it goes lower I will cancel the trade idea and look elsewhere for opportunity.
Let me know if you need to know anything else!
$TOTAL Cup & Handle formingAlthough we could zoom out and literally write a book of CRYPTOCAP:TOTAL technical analysis, let´s start with this 12 hour time frame
In green, a Cup & Handle formation, that WILL TAKE US ABOVE ALL-TIMES-HIGH cryptomarket cap
The ATH marketcap is marked on the purple horizontal lines (2,9 to 3,0 trillion) and the C&H targets are marked with the purple arrows, left is most otimistic, right pessimistic
Is important to say price is on a little triangle formed by yearly long support (big blue dotted diagonal line) and yearly fib circle resistence (continuous red thin line0)
This triangle can still break low to find the support on the thick green 200 EMA line and others yearly supports
As we are on a region with a lot of multi year support, guess what? Break up is a matter of time; I´ll give approximately 4 weeks to this setup completion (marked with red flag and another confluence with the next multi year long fib circle)
Ashoka Buildcon, Bullish Trend with Multiple ConfirmationsTechnical Analysis of Ashoka Buildcon Ltd.
Overview:
Ashoka Buildcon Ltd. has recently demonstrated a bullish breakout from a classic Cup and Handle chart pattern, supported by robust trading volumes. This pattern, known for its bullish implications, suggests a strong potential for continued upward momentum.
Volume Analysis:
A noteworthy observation in the volume analysis is the stark contrast in trading volumes during price movements. Each time the stock price declined, the volumes were very low, indicating weak selling pressure. Conversely, during price increases, the volumes were aggressively high, reflecting strong buying interest and investor confidence.
Elliott Wave Analysis:
According to Elliott Wave theory, Ashoka Buildcon Ltd. appears to have commenced the third wave of the third wave (wave 3 of wave (3) of wave ((3)). The third wave in Elliott Wave structure is typically the most powerful and significant, often characterized by rapid and sustained price advances. This suggests that the stock could experience a substantial upward trajectory in the near future.
Technical Indicators:
RSI (Relative Strength Index): The RSI is currently showing strong bullish momentum, consistently above 60 and 70 across daily, weekly, and monthly time frames. This indicates sustained strength and buying interest.
MACD (Moving Average Convergence Divergence): The MACD is positively aligned across all time frames, reinforcing the bullish outlook.
Cup and Handle Pattern:
Breakout: The bullish breakout from the Cup and Handle pattern is a significant development, often indicating the start of a strong upward trend.
Targets: Based on the pattern, potential targets can be projected by measuring the depth of the cup and adding it to the breakout point. Specific targets will depend on the exact dimensions of the pattern on the chart.
Stop Loss: To manage risk, a stop loss can be placed just below the handle's low or the last significant swing low, ensuring protection against unexpected downturns, which is possibly in market.
Key Insights:
Chart Analysis: "The chart says everything; we just have to be able to hear." This highlights the importance of paying attention to the technical signals and patterns, which currently point towards a bullish future for Ashoka Buildcon Ltd.
Bullish Outlook: With the confluence of strong technical indicators, a significant Elliott Wave setup, and a confirmed Cup and Handle breakout, the stock looks very bullish going forward. Investors should monitor the invalidation level at the last swing lows for risk management.
In conclusion, Ashoka Buildcon Ltd. presents a strong bullish case with multiple technical factors aligning to support a positive outlook. The combination of high volumes on upswings, a robust Elliott Wave structure, and the Cup and Handle breakout suggest significant potential for upward movement.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BTC Cup and Handle - Target $84kBTC is forming a beautiful looking cup and handle pattern on the Daily chart. In addition we have bullish hidden divergence on the combined all exchange volume accumulation distribution indicator. All of this of course with the background of the post halving bull run widely predicted to be kicking off any time now and this is looking like an excellent opportunity.
Buy on a strong breakout of $71k level.
Stop Loss: Below handle at $66k
Target: $84.2k
3 Cup stack?BTC has been very good at following cup and handle formations the last few years. Cup 3 seems obvious... if we see an upward break from the handle it will be practically certain.
SOLANA (SOL) is forming a massive, multi-year Cup & Handle!Solana is forming a MASSIVE Cup & Handle formation that could lead to major gains over the next few years. As many know, Solana has a potentially infinite supply of coins that can be created, which is one of its major downsides, in my opinion. As far as trading, and not investment perspective, I think Solana will make some mind-boggling gains over the next 3 to 5 years.
Good luck, and always use a stop-loss
Another perspective of the ALGO Cup & Handle pattern.The Cup & Handle pattern in ALGO has broken out, and perfectly retested the rim-line. We could see some incredible price gains in the coming months.
Good luck, and always use a stop-loss!
E SAALA CUP NAAM DEAxisbank fut made cup n handle pattern on an hourly chart with decrease in OI suggesting shortcovering.
Risk:Reward = 1:2
Could be bought with mentioned stoploss & target.
XRP Cup & Handle forming bull-flag pattern with Fibonacci. If you've followed my charts, then you've certainly seen the cup & handle pattern that I identified many months ago in XRP. Although the breakout wasn't as spectacular as many of us had hoped for, it seems a pattern is forming within the pattern. The bull-flag, in combination with the Fibonacci sequence, and the upper trendline of the 'XRP is not a security' rally high, may be a good combination for traders to utilize in order to plot their next long position.
Good luck, and always use a stop-loss!
ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's.
Good luck, and always use a stop-loss!
WM MW BTC CUP N HANDLE FORMATION FORMINGHey there, crypto connoisseurs and chart-chugging champions! Gather 'round as we embark on a whimsical journey into the mystical world of Bitcoin chart patterns, where today's feature presentation is none other than the legendary Cup 'n Handle Formation – the barista's special in the caffeinated world of crypto!
Picture this: Bitcoin, the unruly maverick of the financial realm, decides it's high time to throw a crypto-tea party. But instead of dainty china cups, we're talking about an epic formation that looks more like a mug worthy of holding the elixir of financial gains!
Our story begins with the Cup – a gracefully curved vessel that showcases Bitcoin's journey from the humble depths of bearish despair to the exhilarating heights of bullish frothiness. It's like watching your favorite coffee brew, from the initial grind to the aromatic bloom – only with more candlesticks and fewer coffee beans.
But wait, what's this? A wild and quirky Handle appears! It's the espresso shot of excitement that follows the Cup, adding that extra kick to the crypto concoction. This Handle, with its sleek and slender demeanor, suggests a brief pause before Bitcoin takes a sip and surges to new caffeinated heights. It's like the foam atop a perfectly brewed cappuccino – light, frothy, and oh-so-sippable.
Now, imagine this scene unfolding on your TradingView chart, with Bitcoin donning a barista apron, frothing up excitement with every tick, and turning the crypto marketplace into a buzzing coffee shop of financial dreams. Will this Cup 'n Handle Formation be the secret recipe for success, or are we just witnessing a caffeinated conspiracy to keep traders on the edge of their seats?
Whether you're an espresso enthusiast or a latte lover, grab your virtual trading mug and join the festivities on MFG's TradingView. It's a crypto-tea party like no other, where Bitcoin is the brewmaster, and the Cup 'n Handle Formation is the flavorful blend that might just awaken the dormant bulls or give the bears an unexpected jolt.
So, dear traders, strap on your seatbelts, adjust your trading glasses, and get ready for the ride of your financial life. Bitcoin's Cup 'n Handle Formation is here to stir the pot, one frothy chart at a time! May your profits be as rich and satisfying as the first sip of a perfectly brewed cup of crypto-caffeine. Cheers to trading, laughter, and chart-topping hilarity on MFG's TradingView!
HBAR'S biggest percentage gain so far, is YET TO COME!Since I predicted the coming cup & handle pattern well before anyone else on Jan 2nd, HBAR has broken out of the cup's handle and ran for more than a 100% gain. The price peaked, dropped, and retested the rim-line; now it's going to make the biggest gain of the entire pattern.
Buckle your seatbelts!
Good luck, and always use a stop-loss!
ALGO is set up for an EXPLOSIVE move to the upside!ALGO is set up for what I think is going to be an EXPLOSIVE move to the upside. After the cup & handle breakout I predicted came to pass, and a nice retest of the rim-line, which just occurred, I think we are about to experience an EXPLOSIVE Wave 5 to the upside.
Buckle up!
Good luck, and always use a stop-loss!
Updated and simplified XRP Cup & Handle chart.XRP has an uphill battle ahead for the bulls. Gaining ground won't be easy unless buying volume rolls in, but it is possible to break back into the .70's range fairly quickly if this is the case.
Good luck, and always use a stop-loss!
FLARE Cup & Handle holds immense potential moving forward!Flare has had some impressive gains as of late, but the charts seem to indicate - after an ugly pullback into the handle low, a potential move northward that would be worthy of a golden-crown.
Picking up additional coins to add to your spot-bag, or long-term holdings at the handle-low, could add additional profits to your digital wallets in the coming C wave.
Good luck, and always use a stop-loss!
XRP is well on it's way to making gains that will shock people!XRP has been lagging behind the majority of the market for quite some time since the recent breakouts began market-wide, but this is, has, and will continue to be the case until it isn't. XRP has always had a knack for taking its time while other cryptos fly, then suddenly making up that ground in a matter of hours or days.
XRP is going to make gains over the next few years that will shock even those with the most ridiculous price predictions.
With everyone screaming "XRP is trash," "I sold all my XRP and I'm so happy about it," now is the time to be positioned for the inevitable rise to come. Remember, 90% of investors/traders lose money, so doing the opposite of the crowd will put you in the 10%.
Be the 10%!
Good luck, and always use a stop-loss!
NET - And another Cup & HandleNET formed a beautiful Cup & Handle and breaking out of it.
54 would have been optimal entry but not too late. This has 2x - 3x potential from here.
Too many confluences here -
1. Based over 75 and forming a Bull Flag on weekly timeframe.
2. Bouncing on 200 Week EMA
3. Over the 2021 ATH VWAP & IPO VWAP
4. The mighty 3rd wave in-progress
Long here with stop loss 75
For now let's target conservatively.
Target #1 110
Target #2 130
SHOP - Do you believe in Cup & Handles? SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it .
I’ve a sizable position already from the lows.
It’s already 2x from the bottom and has potential for 2x more from here.
If market conditions favors the growth names , we can see 2x soon.
70 level acting as support here.
45 would been optimal entry but if you are going long here , have a tight stop around 70.
Target #1 - 98
Target #2 - 120
Target #3 - 150; Won’t be an easy target, can shakeout here.
Cup & HandleCup is formed and we are going to make the handle. watch the price action in 30k to 34k range and buy from there if price action is bullish.
Do you guys share the same idea? tell me in the comments
