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Cupnhandle

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!
BINANCE:ALGOUSDLong
by MetaShackle
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!
BITSTAMP:BTCUSDLong
by MFGMFGMFG
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!
Long
by MetaShackle
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.
SLong
by just4tradin
2
A closer look at the potential of ALGO.People are jumping with joy today as FLARE has made a more than 300% in gains as of late, but when you see what ALGO is about to do, you won't give a second look at FLARE again. Not to put down FLR, I hold a bag myself, but only to use it as a comparison. Just taking a gander at this chart, even the most rudimentary of assessments come to realize really quickly that there is definitely potential here. Even if the cup & handle formation fails, the chart gives you some really great tips about exit and entry points on long, and short positions. Enjoy traders, and always use a stop.
Long
by MetaShackle
2
HBAR breaks out 10.44% in the early hours.As I've posted previously, HBAR is in a massive cup & handle chart pattern on the daily chart, and this morning popped up a massive 10.44% in the early hours, but this is just the beginning of what I believe we are going to see over the next few weeks/months. The gains in HBAR are going to be EPIC heading into summer, as crypto investors and trader's alike are going to realize just how undervalued HBAR is in the utility crypto sphere. Good luck traders, and always use a stop.
Long
by MetaShackle
XRP Cup & Handle is playing out PERFECTLY!The XRP Cup & Handle formation that I identified a while back is progressing very nicely on the daily. It has now broken out of the handle formation, and will most likely be working toward the upper rim line at the .5744 level. Once broken, we can reasonably assume that XRP price will continue it's bullish move to the .6155 level, and the .6496 levels respectively. Good luck, and always use a stop! *** I apologize for the repetitive post. Tradingview has taken this chart down twice now.
by MetaShackle
BITCOIN is developing the largest C & H of all time in crypto!The cup & handle pattern that BTC is currently forming is by far the largest that has ever been seen or experienced in all of crypto. I cannot express how powerful this could be for the price of BTC, as well as the vast majority of cryptos. Having a massive cup & handle formation like this, on the daily chart, that has taken over two and a half years to form is absolutely unprecedented in all of crypto, and it's nearly impossible to predict what the outcome will be, since this has never happened before, and thus, there's nothing to compare it to. There will be some major consolidation after reaching the rim-line, assuming that this pattern plays out. At this point, it's still forming the cup, and the handle should soon follow if the pattern is correct. I will be watching it, and adjusting the chart as needed, as nobody knows the exact pattern or numbers involved at this point, as they are constantly evolving as we continue to move forward. Don't FOMO in at high prices for long-term holdings, because if this pattern plays out, you will have better prices coming after we touch the old all-time high and start forming the handle. Good luck, and always use a stop-loss! *** I apologize for the repetitive post. Tradingview has taken this post down twice now.
Long
by MetaShackle
6
ALGO has formed an almost perfect cup & handle on the daily.ALGO (Algorand) has been forming a rather impressive cup & handle formation on the daily chart since mid April 2023. The handle looks to be nearly complete, and could breakout any day now. Anyone who knows Algorand is well aware of how quickly it can move when the volume is there. Either way, I'm a long-term investor who's already well into the green, and will be holding for many years to come. Good luck, and always use a stop.
Long
by MetaShackle
TRU trade setup looks absolutely incredible!The current cup & handle setup that has been forming is absolutely incredible looking! The recent down-thrust looks to have formed the bottom foundation of the formation's handle. I'm waiting patiently for the price to retest the breakout level from the "Bitcoin Approval Rally.' I will be putting a long position on in that area when my charts give me the signal. This trade setup would work better on a higher dollar/lower leverage entry vs. in my opinion as it will take some time for this pattern to play out to its finality. If you use leverage, make sure that you keep it reasonable (10 - 20x), and keep extra funds in your account to give you a larger spread from your Liquidation Price to assist you in avoiding that dreaded 4 o'clock liquidation candle the Market Maker's love to throw at us in the middle of the night while we're tucked into bed sawing logs. Good luck!
Long
by MetaShackle
REEF breaking out of the descending wedge pattern.REEF was taken down hard the past couple of days by market makers, yet has still managed to breakout of the descending wedge pattern on a day when it's deep in the red. The 4 hour chart looks absolutely incredible! I took a long position at .00159 and will be adding to it as the trade progresses. These are the only indicators that I use. In my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) Try them, you can thank me later! - Haos Visual Divergence + Volume Analysis - TTM Squeeze Pro - Stoch MTM - SMI MFI
RLong
by MetaShackle
3