Cupnhandle
Possible C&H on POWR?We can spot possible C&H pattern on $POWR/ETH chart. Likely price target is matching very nicely with the resistance level. Let's see what happens in few days ahead!
BITTREX:POWRETH
Cup and handle, formed another cup - pending handleCup and handle formed on $BCPT which broke out above the 38.2% retrace line.
Looking to form another cup and potential handle on good 24hr volumes.
Overall target is to retest the all time highs @ 14,900.
EDIT: Careful, negative divergence and low volumes on the final cup formation.
Legends Room(LGD) Bullish after completing C&H. Target-29.8k satLGD completed its handle in the previous candle on a 1D chart, Making it bullish
now the previous resistance is what we looking for it to break.
Short Term target - 29,850 satoshi
$TRIG Cup and Handle @ 1h chart$TRIG shows a nice cup n handle in the 1h chart. After a lot of bleed in the btc bull run $trig bounced back and it's looking like a continuation. Fib resistance is at 14842, will be interesting to see if we can break through.
ETC Possible CUP AND HANDLE PATTERN
I'm newbie trader, hasn't experienced Cup pattern in my real trading though,
It looks very similar with what I saw in Text Book.
(If someone experienced Cup pattern, plz comment )
MY entry was 15.5,
entry after breaking 16.7 level still looks great.
Take profit
target 1 is 19 level
target 2 is 22 level
Stop loss at 15.5 (For me this is Break-even.)
Could it form a Cup & Handle? The general consensus by those much more knowledgable than I seems to be that BCH will continue bear trend set in motion soon after onset, and that the upward trend seen today was merely a common capitulated exit bounce from dump.
This is merely a possible hypothesized pattern that we all know & love if trajectory continues within the parameters of the bull flag, followed by a bull candle breaking past downtrend. I do not offer any trading advice, but it would be interesting to keep an eye out for how this shapes up, would it not?
I'd appreciate any Ideas on BCH. Those of us who bought the bottom before the upturn had quite a day. There is a minority that is bullish on it, and mention the long term implementations of the larger block size, and there are those that say, "It's a Trap!"
Happy & Profitable Trading, Ladies & Gents!