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CUP AND HANDLE - BABYDOGEUSDT - EXPLAINEDMake sure to LIKE and FOLLOW for more valued content! What Is A Cup And Handle? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. -A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. -A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. -Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. It is worth considering the following when detecting cup and handle patterns: Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. A retest of previous resistance is not required to touch or come within several ticks of the old high; however, the further the top of the handle is away from the highs, the more significant the breakout needs to be. A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. For example, if the distance between the bottom of the cup and handle breakout level is 20 points, a profit target is placed 20 points above the pattern's handle. Stop loss orders may be placed either below the handle or below the cup depending on the trader’s risk tolerance and market volatility.
Long
by SolStackz
2
Shiba/USD Current Trend!Let's wait for this trendline to break before we can expect a bullish push! Clearly, the bulls are having a hard time breaking through but once they do, I can see a quick 5% or higher gain. Keep in mind BTC is still king and if it feels like having a bearish move after Shib breaks this trendline, Shib will go down also. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
FTX:SHIBUSD
by rnaofs
Shiba Inu Pump Incoming?! In Depth Analysis And ReviewIf you are bummed you keep missing out on the Shiba pumps, or if invested money in right before the most recent dump do not be fearful. Personally, I am very bullish on Shiba. Below I will give a list of factors why. 1. Volume For my thoughts on volume, I noticed an interesting observation from As mentioned in this idea, the volume has been in a continuous downtrend which is what we have seen before previous pumps. Additionally, there are major support zones supporting price. 2. Trend Breaktrough As seen in the chart, you can see the triangle formed and the breakthrough. This is very bullish for shiba. 3. Bullish Momentum As seen through the MACD and Stoch RSI indicators, momentum is in our favor. 4. TP levels Since I am leveraging my personal trade, my tp 1 is 0.0005 which is the first major resistance zone.
Long
by drippy_eth
ITC Long Term Bullish Trend - Slow upwards grind - BUY zone ITC has been a MEME stock for India stock traders as the performance of this stock has been very poor compared other stocks, even in the hyper bull run over last 18-20 months. But if you're a long investor and looking for defensive stocks with good dividend yields, wanting to preserve capital, ITC would be a good stock in the portfolio. If you notice the ITC chart closely, you can clearly see it has been in upwards bullish channel over last 18-20 months, making higher highs and lower lows. It's getting very close to test the lower channel support line and also 200 DMA support around 215-216 Rupees. If you're a mid term swing trader, you can buy low at the channel and sell when it hits channel upper line. Long term investors can start accumulating at 215-216 levels, as 2022 will be more defensive play and institutions will pile up their money in dividend paying stocks. Key Support line to watch 205 and 200. Key resistance line to watch 266-267.
NSE:ITCLong
by gmaster29
PATH UiPath Investment Idea - Main Post$PATH I think this is a great business that can potentially double or triple over the next few years. UiPath is a company that provide RPA SaaS tools that help. Lets Analyse the company slowly: Business Model , what they are all about: - RPA mean Robotic Process Automation ; this is a software system that emulate human action repetitive tasks, software robots can do things like understand what’s on a screen, complete the right keystrokes, navigate systems, identify and extract data, and perform a wide range of defined actions. But software robots can do it faster and more consistently than people, without the need to get up and stretch or take a coffee break. UiPath uses artificial intelligence to analyze tasks while workers are doing them, identifying opportunities for users to automate certain processes after seeing them done only a few times. The platform includes specific tools to get ideas from employees on what to automate, to find patterns in workflows that are ripe for automation, and to build end-to-end process maps that improve key performance metrics. Users can often develop their own automation tools with the help of UiPath's robot-building tools, and the platform handles key issues like cybersecurity, compliance, and IT governance. UiPath even offers training and other resources to help users become as productive as possible. Founders and the management: - Daniel Dines: he is a Romanian Businessman, taught himself programing at young age and over time he was able to have a job in Microsoft, being in professional work environment really provide a positive sign about the person future, he later took Masters degree in mathematics and computer science (another formal education that show commitment and discipline that most of people lack). Another positive characteristics of Daniel is he is an avid reader and wanted to be an author previously, this impact on how deeply he know about the industry he is working in and the level of involvement can be. They have solid management too, for that visit this page: www.uipath.com I went through key people and checked their history and everything about them seem positive. Partners: - After having a look at partnerships that the company have, this is definitely going to scale in the future. Partners include: - EY, Delloitte, Pwc (three of the big 4!), IBM, Accenture. Just to name few because they have 75 pages on their website showing their partners. EY is an audit company and they adopted UiPath software globally, you do not expect two of the big fours to act and adopt a software without providing a real value for them. I have been personally reading since 2014 that audit firms are pushing to automate process in order to have more time to focus on products and procedures that are relevant to value adding services to customers. Just google it. Share price: - Even though the business model and market industry show potential growth and expansion, the company stock never went up that much, even in IPO period the price went up to around $90 per share and it went down now for less than half. The reason can be due to the broader macro-economic situation. It is important to look at the price range to enter from, I personally see downside potential to reach around 35 in the current market conditions, if the Federal reserve increase interest rate also in the first quarter 2022 as they have just indicated, we can also expect the stock price to fall further more. I will be monitoring the price of the company and then I will be buying in small bulks every time the stock go down until I make the company become 2% of my overall portfolio. Competition Risk: Also, UiPath's partner-focused business model has worked well, but we'll be looking to see how potential competitors respond to its success. If UiPath were to lose key partners for competitive reasons, it could potentially change the industry landscape adversely for the company. Competitors mainly include Blueprism and Automation Anywhere. Financial Information: A quick look at the company financial information, we can find the followings: - A sign of expansion and growth: revenue is growing YoY - Making operating profit - the company is still making net loss, even though its balance sheet show great cashflow numbers, the company still showing accumulated deficit, even though this is a normal thing for new companies that are spending money on sales and marketing, yet we need to know when the company will show a positive sign or reversing net loss effect. Overall the company is a solid one. I will not be buying now but definitely a one in the watchlist
NYSE:PATHLong
by AgentHK
I'm not saying it was Tether, but it was Tether.The orange is tether supply, the red is what some people pay for a bitcoin. Understand Bitcoin is a computer program franchise. If you want to run an exchange you can buy a franchise API for a few million and you will have access to the Bitcoin market. A fraudulent market painted by computer coders and their bots at the behest of the secret trillionaire world elite for their personal amusement as they await evacuation to the Mars and Titan colonies. The trillionaire world elite shall watch the destruction of the Earth, which they wrought over millennia to get filthy disgusting rich by flaying pleb dreams alive, laughing at a safe distance in the comfortable surroundings of their space pods. Their children shall populate the stars and spread their DNA across the universe, spawning more idiotic plebs for future exploitation whilst preserving their pure and godly bloodlines. They will see, feel and know things you could never even comprehend. They are Darwin's winners, you his losers. Your sole purpose in existence is to remove junk from the gene pool. You think you can play their game? Prepare to lose everything.
INDEX:BTCUSD
by Deep_Fud
2
SHIBA INU - cute dog will eat DOGEIn my personal opinion - the climbing is not over yet. It is going to find a way to wreck the dogecoin, many useful coins in shiba inu environment. It's pushing forward, also the RSI with MONEY FLOW and MACD, are looking good on long term chart (3D) which I like to watch to see general trends in cryptocurrencies. Im holding some bag of it of these and I'm definitely going to hold it longer! After this gain I will sell half and remain with this until it hits at least .01 As always DYOR! Good luck guys!
FTX:SHIBUSDLong
by MateuszZakrzewski
2
DOGEUSDT 1DHi everyone DOGE is likely to be another 15% correction and will retry the $ 0.196 support level Given that DOGE short-term outlook is bearish, market participants can expect the price of the cryptocurrency to be bullish as it approaches $ 0.196 support. It should be noted that each time it reached this support, it experienced 70% growth in two to four weeks Investors can expect the current DOGE retreat to continue in this support area, and with price stabilization in this area, there will be a good buy opportunity. Under optimism, the DOGE price is likely to jump from the $ 0.196 level to the $ 0.311 level. An increase in selling pressure to around $ 0.196 could push the DOGE to the $ 0.16 support level. With the daily candle closing below this support, the uptrend scenario will be nullified and potentially lead to a 50% price correction that will lead to a support floor of $ 0.08 Thankful
by shayanfb
4
AMC - BIG MOVE END OF YEAR? DOWN MIGHT BE GOOD?All, I think we are finally ending the AMC pattern here hopefully by 2022. Either way I see this being a big gainer. There is without a doubt I think an untested $20 play with little volume traded above it that will essentailly send 70-120% gainer (stock). Upside break I think it would cause a retest eventually of high 60s-70s. I personally like the downside move it will create huge volatility, AMC call IVs will be dead low etc. Just make sure to sell if you need to don't hold it once it breaks it will be a bad break. We have already tested these others lows so a (lower low) long term will send us way further down than before. Remember the reason AMC is afloat is (higher lows over longer time periods). Other than these 2 big plays I see AMC less and less as a trade vs hold or long term options which at this point is really risky prior to the big move. The close it comes to the end the trading range will die off.
NYSE:AMC
by DigitalData