ABML - Inverted Cup & HandleLooks like an inverted cup & handle, bearish things possibly about to happen. Currently holding a position, will probably reduce.
CUP
Big Cup Of FET/BTC #Fetchai $FET #fet #cryptoHere we see our Binance FET weekly chart . It appears to be forming a massive cup structure . That would take us back up to the .706 fib near
9900 sats to form the top of the cup . A handle would form after that possibly taking us much higher.This obviuosly would not be happening until the later part of the year to reach these upper levels - but in a bullrun year it is very possible to get there . Also ETH is close to reaching its' previous All Time High of $1400 approx . So other coins may also revisit their All Time Highs , since ETH leads the way . FET All Time High was
above 14000 sats . That would be great ! Also it appears we are Blue Skies above 3250 on the weekly chart as that is our last resistance there . This looks good .
Possible Cup & Handle forming for Siacoin Hi all,
Main TA Points;
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1. Golden Cross Formed.
2. Seem to have found support at the 61.8 FIB.
3. Descending triangle invalidated.
4. Breakout accompanied by strong volume.
5. Promising fundamentals.
6. Find bottom indicator as well as MACD suggest return to uptrend likely.
7. Ichimoku offering support as well.
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Talking Points;
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A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such.
We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured.
The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio.
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Estimates;
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The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance.
Price action expected to occur over the next 14 days.
Good luck,
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Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
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Waves / USDT - breakout of the descending channel + cup with hanWaves / usdt
Now a little about altcoins.
For this coin, there was a downward channel, which was broken on the impulse and formed a cup with a handle, as well as a good volume on purchases.
For me this is a strong project on which I have earned a lot of Xs.
I decided to share this idea with the swami, as I expect the price to return to at least $ 10 per coin.
So far, I have fixed 15% profit on the breakout of this descending channel.
Mandatory trigger stop loss at 6.1
RMG BreakoutThis is a technical trade on the breakout with the spac of Romeo. I will follow this one closer with stop loss and plan to make it a quick trade until I know more about it. RMG is breaking out with very high volume, this is a SPAC in the EV space is potential could be a strong player for Romeo. "RMG Acquisition Corp in a $1.33 billion deal, the companies said on Monday.
The deal is expected to raise $384 million for Romeo, which includes an investment of $150 million from investors such as The Heritage Group and Republic Services." This is more a technical trade based on news and hype, but it will generate a nice market cap.
Power Up WorldWith the Vaccine soon to be Online this Chart is looking Fantastic. Covid Has put a Hurting on mines and production is gonna be in Full demand The worlds Power plant are in Great need Uranium.
So with some Volume Short term and long term Macro Chart Look like they are Warming up double Bottom cup Formation Handel to Lift off like to enter somewhere near 12.60 on volume
$BEWLooking for BeWhere to possibly complete a cup set up reaching its last all time high. Looking at the fib retrace we can see our resistance points clearly labelled. The only thing is on the hourly $bew looks like it might of printed a head and shoulder pattern so we could potentially have a bearish short term but long term my prediction is bullish. T
Tough stonk to chart.
Good luck all.
High risk... as usual.
BeWhere Holdings Inc. announces follow up 6,500-unit order from Tenna
UNFI / BTC potential C&H UNFI / BTC
🌟 Techincal Analysis 🌟
Potential C&H pattern
Price after break neckline of pattern jumped to 1.618 fib level from there we can see small rejection
If the price dropped again to support that will be agood buy (high reward and small risk trade)
This is not financial advice
Good luck and happy trading 🌹
Dash forming a potencial Cup & handle patternHello everyone,
this is just quick update for DASH as it looks like it is forming a potencial Cup & handle pattern.
For further DASH technical analysis check the chart below and updates in it
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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