Easy 200% Profits Cup and Handle Pattern $9500
Hello fellow money makers!
This is just a quick idea i saw on the 4 hour BINANCE:YFIIUSD. As you can see in the chart BINANCE:YFIIUSD seems to be forming a Cup and Handle pattern as well as showing a potential cross on the Stochastic RSI which supports the Cup and Handle idea for the Bulls. I will be waiting for the breakout of the handle with some volume showing and take a position around $5325-$5350 with a stop loss close by. We could see another small drop before the breakout of the handle however, I'm thinking we should stay above $4800 area and above if this pattern plays out.
I am keeping a tight stop loss on my position around $4750. Take Profits just below $9500. I am feeling pretty good about this one. The distance of the measured move from the bottom of the cup to the top of the handle would bring BINANCE:YFIIUSD to around $9500 USDT, which is a nice profit.
This is not financial advise, do your own diligence and research. Please leave a comment and tell me what you think!
Best wishes to the success of all your positions!
This is just a quick idea i saw on the 4 hour BINANCE:YFIIUSD. As you can see in the chart BINANCE:YFIIUSD seems to be forming a Cup and Handle pattern as well as showing a potential cross on the Stochastic RSI which supports the Cup and Handle idea for the Bulls. I will be waiting for the breakout of the handle with some volume showing and take a position around $5325-$5350 with a stop loss close by. We could see another small drop before the breakout of the handle however, I'm thinking we should stay above $4800 area and above if this pattern plays out.
I am keeping a tight stop loss on my position around $4750. Take Profits just below $9500. I am feeling pretty good about this one. The distance of the measured move from the bottom of the cup to the top of the handle would bring BINANCE:YFIIUSD to around $9500 USDT, which is a nice profit.
This is not financial advise, do your own diligence and research. Please leave a comment and tell me what you think!
Best wishes to the success of all your positions!
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