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Cup-handle

VRA - Breakout possible! Cup and HandleVRA has shown strong buyer signals recently, and has formed a cup & handle pattern over last several months. It is right now, on the verge of breaking its previous All Time High. If it does this, the cup and handle pattern suggests that: 1) The deepest part of the cup, all the way up to the rim, is the measure for where the asset goes next, starting at the top of the rim. So I drew prices at the top of the rim, going up to the match of the depth of the cup. This has a good chance of working out, as long as BTC doesn't tank or take off. That is getting harder to ask lately. Trade - Watch for breakout upwards! This is the buy signal, some wait til candle close, depends how fast it is moving.
Long
by Shwayze
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 dmcmaster448
1