CUP
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?
EXPRHeres how I entered my long position in $EXPR:
On the daily chart, you can clearly notice the cup formation.
Once I felt the handle had formed after some consolidation and testing support levels, I entered into a long call position off the support bounce from $4.5 setting my strike price for $5 (.30 cent per contract)
EXPR didn't fail me once over the week, every prior day high that was broken, I increased my position size, bought a few more contracts and extending the expiration date to 7/9 and 7/23 along with increasing my strike level to $6
After confirmation on the breakout through resistance levels, I exited the trade selling at $1.20 per contract.
*this is not financial advice*
ETHBTC Cup Formation Forming
- increasing volume needed to sustain a breakout "if" cup formation continues, as of writing this volume looks promising
- Volume, RSI and Accumulation strong, no divergence
- concerned BTC may pull back from 60k from strong resistance, it's struggling as I write this. If BTC moves lower will likely create pressure on ETHBTC
Expecting to trade this coming week to the top of the cup and possibly into breakout area. Can only keep an eye on it and see how this unfolds.
$EDRY Low float stock tecnically ready to spikeI like stocks like this one. Recently this formation has been popping up on my radar and it works like a charm. Very low-risk investment, in the booming industry. Shipping rates have been skyrocketing lately and with delays in the Suez canal, they will stay elevated for a while.
For my business, I am often ordering different products from all over the world in containers. Recently I was shocked by the rates for some of the routes. With lots of delays and products running out in many stores people are forced to pay much higher and it will be here to stay for a while. That is why I see this entry very safe bet. First, everything lined up on the chart, and then the fundamental situation looks very bright for this company.
With OS at only 2.29M and insiders holding half plus institutions over 10%, this stock can have a major spike. Next ER should be significantly improved, forward PE is projected at 4.3. If you one of those who know what to do, good luck. For others, good luck chasing it or missing out. :)
XOM Cup & HandleAs seen in the chart looks like XOM is setting up for a nice run-up based on cup and handle and not breaking support lines. Looking for this to pop next week or two. Also, like how MFI is showing oversold and looks like MACD is starting to converge; possibly setting up for crossover.
Bullish on dogecoin LONGStill feeling dogecoin here.
Simple moving average (SMA) suggest that we have a trend in my opinion.
Every indicator is reset, we have plenty of room to grow as most of the weak hands are now out. I immagine we have seen the worst of the dorps, but there could be further coils to 28 26 24..
do not fear, this game is just beginning. we are bullish long to 1 dollar by june, and potentially higher as the months roll on. I have 100$+ targets on dogecoins.