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Cup-handle

OMISEGO/BTC Forecast [Possible Cup&Handle Formations]- 1/27/18Forecast for Omisego - RSI @ 49 currently, neutral as it is neither overbought or oversold, if RSI continues downward towards 30, OMG becomes more oversold and more bullish. - MACD's last cross was January 17th, expect it to cross again in the very near future (maybe a week or two). Expect price breakout to be bullish. - Bolling Bands are clearly narrowing, indicating a temporary trend has formed and may continue sideways. Once Bollinger Bands begin to widen again, we can expect a breakout, most likely a bullish one. Charted two Cup&Handle formations, would love to hear everyone else's thoughts on them!! Green Cup (longer, bigger cup trend) shows a possible cup formation in progress. If current trends can pick up and hit the 0.786 Fib Retracement level, we can expect a quick and temporary dip (known as the Handle) before further explosive breakout. The 2nd Cup formation (the blue Cup), is also another possible Cup&Handle formation, this time, the Cup has already formed and we are just waiting on the Handle to complete its formation. If Handle completes, expect bullish momentum, possibly bringing us up to the 0.786 Fib Retracement level and maybe even finishing the 1st larger, green Cup?!!??? - We can also see that the 2nd, smaller, blue Cup has a Handle the seems to be forming a Falling Wedge, which also indicates upwards price movements once a breakout occurs. Also have a Symmetrical Triangle (black dotted lines, passing through the 2nd, smaller, blue Handle). This can also give us an indication of possible future trends from which ever way the breakout starts. Support level has been drawn out, might seem sort of high, in any case, it is probably a good idea to have more than one support level drawn out. Cheers!!
OLong
by Vermillionz
BCD/BTC Dream or possible cup forming ..? +350% IF....It's just an idea of possible cup and handle BINANCE:BCDBTC . Price can continue to go down or can stay at this price range.. Again one more time it's just an IDEA not a sure analysis.. But i think we are at the end of BCD correction (but Global crypto correction is not finish) and the big sell wall have been completed so why not.. if we have a good volume in the next day it can be possible but anyway don't sell your Bitcoin diamond and hold it.
BLong
by Cryptanalys
3
[EOS/BTC] Cup and Handle formation!?Hello traders! Here we have , looking at it from a has been forming a 4H chart you can see a large CUP AND HANDLE over the past couple months. As outlined on the chart your buy point should be %5 above ideal point. If trade doesnt go as planned, there's 2 possible targets as shown on graph. As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
by Gibmoses
1
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern. Indicators like RSI are also bullish. Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead. I would recommend this call as a long term trade
Long
by MikadoMartinod
1
LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle formation that is currently close to completion. It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength. Pending orders should be placed at a break of the 535 level. There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target). We are above the 100 day moving average and ichi. Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can. But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
SLong
by ninjacookies
9
Cup and Handle BreakoutNext target $6 Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to $3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement) MACD on daily and weekly holding positive and accelerating Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure Improving oil and gas drilling fundamentals Solid Q3 I was bullish on my previous post too early
FLong
by JohnVicinanza
AUDNZD Bullish Inverted Cup/HandleA possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should. 1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful. 2) If it breaks out below point B at 1.08334 then the reversal should be on. Inverted Cup with Handle " You must wait for the breakout with this pattern before trading. Too many patterns.....had prices moving upward instead of downward, especially in a Bear market. A breakout is a close below point B, the lowest low on the right rim. " - Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Second Edition 2005
by MrPresident