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Handle

Roku very bullish cup and handle!Hi Traders! It looks like our favourite streaming company $ROKU is forming a cup and handle pattern. Price has formed a handle by the means of a small downward movement. If price breaks the upper trend line of the handle, the cup and handle pattern is confirmed. On top of that other technicals tell us: - Price is supported by 50MA support. - Ichimoku, the cloud of the current downward trend is very thin which indicates that the current small downward movement is very weak. Also, the price is fairly distanced above the cloud which is bullish. - RSI is 47, this level has worked as support in the past lets see if this happens again! - ADX on the hourly shows us that the short term downward trend is already weakening. Also don´t forget that the chance of fundamentals bringing bullish momentum and sentiment on the stock is also very high with upcoming Q2 Earnings report. Both investors and analysist expect company growth! And with the delta covid variant concerning investors again, ROKU is a safe-haven for investors, as ROKU profited from the previous lockdowns. Our trade plan: Wait for price to break the upper trend line of the handle and enter at 418USD, and hold for at least 2 months first price target at 480USD an TP2 at 525USD. Stop loss at 398 just below the psychological level of 400USD and below the upper trend line, this would make this thesis invalid. Disclaimer: This is not financial advice and for education all purposes only.
NASDAQ:ROKULong
by vf_investment
2
SOLUSDT - Cup & Handle TALeaning and developing TA in the Crypto World. The Cup and Handle formation can be seen here as we have a drop in the price and a rise back up to the original value. This is then followed by a smaller drop before continuing upward passed the previous peak. Generally this is a good indication of an upward trend. We see higher lows forming and higher highs before the break of resistance. Resistance is broken and away it goes! Are there any other TA that could be used in this situation?
by DaveMAKOSharks
1
EXPRHeres how I entered my long position in $EXPR: On the daily chart, you can clearly notice the cup formation. Once I felt the handle had formed after some consolidation and testing support levels, I entered into a long call position off the support bounce from $4.5 setting my strike price for $5 (.30 cent per contract) EXPR didn't fail me once over the week, every prior day high that was broken, I increased my position size, bought a few more contracts and extending the expiration date to 7/9 and 7/23 along with increasing my strike level to $6 After confirmation on the breakout through resistance levels, I exited the trade selling at $1.20 per contract. *this is not financial advice*
ELong
by adamivori
Nasdaq: ?Hi Guys, it could be a flag or a descending triangle. The handle may hold depending on the pattern. Be good!😉 Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:NAS100USD
by cozzamara
1
BTS/BTC - Cup & Handle - 1D A cup & handle formed on the daily as I predicted yesterday. We can set the target at ~195 sats using Fibonacci retracement. This is slightly below the Fibonacci level. It might be smart to sell here, wait for a sell off and buy it back a tad cheaper. Cup and handle is a bullish pattern that indicates an upward movement after completion. In the current situation, this would indicate that we will see upward movement the coming week. Bitshares is also going to make an announcement today regarding staking & NFTs, which could give us more upward momentum. The MACD has bounced, giving us room for bullish continuation. The StochRSI is also low and pointing upwards, which could indicate bullish continuation aswell. We have hit the 150 sats zone a lot recently, we have to break through these levels. If this happens, I believe we can easily approach 200 sats in a short period of time. I think BTS is looking good, both on short and long term. The coin is heavily undervalued and I believe it will most certainly reach its 1$ ATH again. For the short term, you can use Fibonacci retracement tool to find major sell off points. On the medium term, I think 0,095$, 0,11$ and 0,20$ are good targets. And for the long term, I think this coin can become worth anywhere between 1 and 15$.
BLong
by ElonMoonsk
1