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Cup And Handle

$ETH to $6.45k USD - 2024's Crescendo CRYPTOCAP:ETH is showing strong signs of an impending breakout to the $6.4k–$8k range, backed by two key technical indicators: Cup & Handle Formation: ETH has recently broken out of a textbook cup and handle pattern, confirming the breakout with a solid retest over this past week of VOL. This is a classic bullish signal pointing to higher targets. Bull Pennant: Since the 2021 rally, ETH has been consolidating within a massive bull pennant. This long-term structure suggests Ethereum is coiled and ready for a significant move upward. 1.618 Fib: Also layering in a Fibonacci retrace, if ETH is indeed heading for ATHs and price discovery, the 1.618 FIB is a common level that traders are very familiar with. It just so happens to be right in the middle of our target box at ~$7k! Momentum is building— we will need to keep an eye on volume and follow-through for confirmation. To boot, bearish sentiment for ETH is near all time highs. I think it might be time for a most-hated rally. I have a short term allocation in AMEX:ETHT to ride this momentum, NFA DYOR
BITSTAMP:ETHUSDLong
by httpz
8
SOL - Cup and handle formingLooking for the handle to finish forming, and for a rush of volume to come in. This pattern has been forming for the last 3 years so if it does play out, it would likely be a big move. My first target is between the 2.618 and 3.618 extensions. This has the potential to go a whole lot further than the 3.618 Fibonacci extension, if it goes the whole depth of the cup that would put the price into the upper 7700's. Watch for the volume as the handle finishes!
COINBASE:SOLUSDLong
by ataylor05
1
Alt Bull market cap targets broken out in JPY (leading) 2-->5X?Bullish signal for Alts Others market cap shows breakout in JPY Others shows the total crypto market cap minus top 10 (Also you could pullout timing view more and consider the macro chart which shows price is supported or risked by long term trendline support not shown here.) You have to love that the Others price was supported by the 200 EMA so the banks got busy buying at that point pretty much nearly all alts took off as their index said buy a coffee and cake sit down and press that buy button all morning some serious buying to increase your year end bonuses. House, car, boat, plane? JPY crypto prices signals are clearer at the moment in crypto land we got our retest of the break of the neckline so hopefully off to the races we go for first part of 2025 or does the big bad bear just knock us over. If prices fail then you know crypto is no longer the place to be and alts will be hit hardest first. The canary in the coalmine for sure. Signal will be break of the lows or the now trendline under the price action on Others market cap. Maybe the big boys borrowed their funds in JPY carry trade and put it into crypto ? The Head and Shoulders chart shows breakout and retest neckline The cup and handle chart shows breakout The targets shown depending on where you set them from ... All show upwards just a case of is it 2x or 5 x - any of these numbers will do Cycle timing suggests the Crypto alt market will finish in Oct 2025 if it follows prior cycle timings, these chart signals tell us to be careful from end of April 25 as we are in pattern over performance and maybe price runs between the green lines longer. This are guides and no certainty - based off old charting rules and rules of thumb! If any doubt say on the safe side and book profits. There will alway be more opportunities I am turning Japanese ! those guys have got it going on! early signals when viewing charts in JPY and potentially targets better defined. However volume is still in USD but did they borrow the money from the JPYUSD carry trade? Hence the JPY signals being reliable? Happy days ! to all Alt crypto traders out there! stay with the trend until it breaks under the 200 EMA or breaks that trendline first of course. Stay sharp and in contact people as the big bad Bear will follow this. Then all bets are off or survive on short trades as monolithic biblical bears emerging for our first real super bear cycle in 2025 - which no one seems to be aware or talking about! but USA equites seem to be rolling over - so careful out there this year coming.
CRYPTOCAP:OTHERS
by William_Playfair
BTCUSD 12/20/2024Performance Recap (Previous Analysis from 10/8/2023): • Entry: 27,948 • Targets Achieved: o 63k (+127.81%) o 96k (+244.56%) • High Reached: 108k ________________________________________ BTC/USD Daily Chart Analysis Technical Analysis (Current Scenario): Chart Patterns: • Cup and Handle Formation: o Confirmed breakout signals bullish continuation. o Long-term uptrend reinforced. Indicators: • Golden Cross: The 50-day EMA has crossed above the 200-day EMA, signaling a bullish trend. • MACD: Firmly in bullish territory, confirming positive momentum. • Hammer Candlestick: Closed at support (around 92K), indicating potential reversal and entry point. Support and Resistance Levels: • Support: o 92K (key level tested multiple times). o 50-day EMA (current level). • Resistance: o None until the 310k target based on the Cup and Handle projection. ________________________________________ Target Analysis: • Cup and Handle Target: o Measured distance from the cup's bottom to its neckline. o Projected Target: 310k. • Timeline: o Historical reference to 2013–2017 suggests a 6–8 month timeline with minor pullbacks for additional entry opportunities. ________________________________________ Trade Setup: • Entry: 97,703.80 • Stop-Loss: 69,092.64 (-29.28%) • Target 1: 310k (+217.29%, 7.42 RR ratio). • Target 2: Use a trailing stop based on the 20-day EMA if price exceeds 310k Summary: BTC/USD has surged from 27K to 108k since the last analysis, forming a textbook Cup and Handle pattern, which has now broken out, confirming a bullish reversal and signaling a continuation of the long-term uptrend. Key indicators, including a Golden Cross between the 50-day and 200-day EMAs and a bullish MACD, support this momentum. Currently, BTC is bouncing around the 92K support level and holding above the 50-day EMA, which also acts as a support. The appearance of a Hammer candlestick at this level further solidifies the bullish case and sets the stage for a new long position. The measured move for the Cup and Handle pattern projects a target of 310k. Drawing from historical price behavior, this uptrend could unfold over the next 6–8 months, with minor pullbacks offering additional entry opportunities. This setup presents a strong technical case for continued upside, with a clear structure, supportive indicators, and a high-probability target.
COINBASE:BTCUSDLong
by rudcharts
SP500 - #SPX melt up targets for cup and handle pattern.BLUE SKIES Would you have believed it If you were told a year ago. When every expert was predicting a recession. (which will come of course but when no one is expecting it ) So the conditions are set for a melt up I believe #Bitcoin bottoms very shortly maybe this week or next (grab some bitcoin miners!) ENJOY THE NEXT few months! #CNBC will trumpeting SOFT LANDING Investors will believe interest rates are falling because of low #Inflation Which is when the next slowdown will hit. This cycle has been crazy and hard to follow the main trend. The stimulus was unprecedented Remember this cycle started in 2009... 15 years ago We are near the end! But first SPX to smash 5000 and than potentially we hit that 6000 number
CME_MINI:ES1!Long
by BallaJi
2
Cup and Handle Breakout in PETRONETPETRONET has formed a classic Cup and Handle pattern on the hourly chart, signaling a potential bullish breakout. Pattern Breakdown: Cup Formation: A smooth rounding bottom from ₹310 to ₹337, indicating strong accumulation. Handle Formation: A slight retracement near ₹330, forming a consolidation zone before the breakout. Indicators: RSI: Currently above 70, showing bullish momentum. Volume: Increased significantly, confirming buying pressure. Key Levels: Breakout Level: ₹337 The price has broken above this resistance, confirming the breakout. Targets: Target 1: ₹350 Target 2: ₹360 Stop-Loss: Below ₹330 (handle low). 💡 Disclaimer: This is for educational purposes and not financial advice. Please perform your due diligence before entering any trade.
NSE:PETRONETLong
by jeet20