After seeing a nice fakeout on the daily of the inverted cup and handle pattern we are now seeing the 4hr chart form both a higher high and at least for now what appears like it will be a follow up higher low...if so the odds are favorable of following that up with another higher high and in doing so very likely we could trigger this currently developing inverted...
We can see last after being knocked down by the 50ma on the 1 week chart that last week's candle has closed back inside the descending triangle pattern invalidating the previous week's breakout...we also seem to have formed a nice handle for a 1 week chart cup and handle pattern however we don't want the handle to dip much lower than it already has or we will be...
3 lines of potential support for this fall I'm seeing our number 1 at 7413 which is top trendline of the big descending triangle pattern / adam and eve neckline we broke up from # 2 is the 4hr 200ma at 7060-7080 #3 is the 1 day charts 50ma at $6853..to have a chance at forming a higher low on the day chart, triggering the current cup and handle unfolding and the 1...
Cup and handle shown on 1 hr and 4 hr timeframe.
BTC anything is possible As we have seen in the past week BTC can acheive some amazing moves Just thought i would see your thoughts on this possibility. CUP N HANDLE FORMING?
Just my opinion, but with both the 4hr charts rsi and stochrsi well exhausted and well into the overbought zone and the 1 day chart's indicators now just reaching overbought conditions, I don't think we will be able to sustain an immediate breakout of the inverted head and shoulder pattern and a small correction is due to reset these indicator levels before a...
I mean, I know it's quite out there...but. What if?
Something to be aware of. I have mentioned a potential inverted cup and handle awhile back maybe 3-5 ideas back...well with the latest drops we broke under that inv c&h's rimline which triggered a steeper fall. This is an incredibly deep cup and if it were to reach 100% of its projected target it could send us all the way to 4-.4.1k We have seen many normal cup...
Just my thoughts. What do yall think? Got a couple of scenarios here.
The recent dip back to the 4hour 50ma has us looking for a bounce and hopefully forming another higher low to continue the series of higher lows/higher highs. However, it sent a bear wick under the 50ma before bouncing back upward and that wick dropped down to the exact level it would need to complete the head of a new potential head and shoulder pattern. Because...
Both A and B plays require volume to wane as price declines Plan A - Play the handle tail into retest. Plan B - Play the fully formed Cup n Handle validated retest Buy at A is if price begins to rest at 3.60 and volume remains low. Look to sell at B or for a 15-20% swing up. Buy at B if high volume breakout of resistance. Hold time period is 6 months+ at this stage.
Hey TradingView, We are the Cryptono Vikings, a free Discord community where you can come to learn technical analysis for free at your own speed! Come join us discord.gg Today we bring you the Cup N' Handle. This pattern I found someone else charted but I couldn't find it again and I figured it would be a good lesson to try charting it myself and make my own...
Hello all, after 2 weeks of holidays in back in the crypto world! Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible. On the daily chart supports match well with the fibonacci retracement, the price actually sit...
Keep in mind to the left of the cups left side of its rim is a higher candle wick which could potentially be the real rim of the cup and the cup could be deeper and have yet to have formed its rim...We will know whether or not the current neckline is the real neckline of ethereum's cup when we see large bull volume after we break the neckline within the first 3...
Yet another installment in the neverending cup and handles of the altcoin market. The main chart is Vechain I will post gas and qlink snapshots in the update section.
Cup and Handle formation has formed for ICON. With their ICO platform release coming this month we could see a nice raise. Be careful as if they delay the ICO platform release the price might drop a bit.
Good Day, browsing some charts and came across the STORM project and seems to be making a beautiful cup and handle formation which could lead to a high % move up, Cheers!
dgb has formed a picture perfect cup and handle and has broken above the rim/neckline...if it closes the current 4hr candle above the neckline then I think it's ready for blast off. Also take a look at the volume boost on it on the last 4 hour candle...explosive.