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Cup And Handle

Ethereum (ETH/USD) Bearish Setup | Cup and Handle BreakdownEthereum (ETH/USD) Chart Overview: Ethereum (ETH/USD) has formed a Cup and Handle pattern on the daily timeframe, but instead of breaking out bullish, price is showing signs of a bearish breakdown. The handle formation has taken the shape of a rising wedge, a typical bearish continuation pattern. Price has broken below the wedge support, confirming potential downside momentum. Technical Analysis: 1. Cup and Handle Breakdown: A failed bullish continuation suggests that sellers have taken control. 2. Rising Wedge Pattern: The recent consolidation (handle) formed a rising wedge, which has now broken down. 3. Key Resistance Zone: The $2,869 level is acting as strong resistance, preventing further upside. 4. Breakout Confirmation: ETH/USD has broken below the handle support, indicating a continuation of the downtrend. Trade Plan: Short Entry: Below $2,505 Stop-Loss: Above $2,869 (invalidates the setup if price reverses) Target: $1,700 (previous support and Fibonacci level) Fundamental Outlook: Ethereum has faced selling pressure amid broader crypto market uncertainty. Macroeconomic factors like rising bond yields and regulatory concerns could add to the bearish sentiment. If Bitcoin faces further downside, ETH could follow suit. If ETH remains below the breakout zone, we anticipate further downside toward $1,700. However, a reclaim of $2,869 could invalidate this bearish bias. Must Suport And Let me know your thoughts! Happy trading!
BITSTAMP:ETHUSDShort
by Mr_Kevin_Trading
ETHBTC - 2 ETH may soon buy 1 BTCBINANCE:ETHBTC is one of the most hated trades on the market right now. And based on price action from recent months and years - definitely for good reason. Ethereum is being viewed as a stale rust-bucket compared to the superior monetary properties of Bitcoin and the younger exuberance found in Solana. However don’t bet the house on that narrative continuing over the coming months. To me it seems that Ethereum may well have its time to shine once again... Reasons to be super bullish As crazy as it may be to say this, Ethereum can soon reach the rather insane price target of 0.5 BTC per ETH in the coming 18 months. The pattern for the last 6 years has been one of accumulation, Wycoff Accumulation to be exact. Just look at similarities with an example pattern of GOLD posted from a few years ago, of it similarly being in deep accumulation and the price action that followed. I’m willing to stick my neck out and say that the Wycoff (coiled) spring from the BINANCE:ETHBTC chart above has now completed, after over-shooting the downwards wedge (in white). Such an overshoot usually leads to the most volatile reversals, and is therefore one of my favorite trading patterns. Not only that, BINANCE:ETHBTC also has a clean-looking cup & handle pattern forming, dating back to May 2018. Should that come to fruition, the minimum price target (taking the height of the cup via white arrows) would equate to 0.5 BTC. That just so happens to also perfectly coincide with the 1.414 fib level drawn. Now, would Ethereum stop there? You’ve got to imagine so. However it may not… BINANCE:ETHBTC 's onset to markets saw a 95x (pink arrow). Taking the same measured move, from the bottom in January 2020, would equate to a 30x move from current levels or a 55x from 2020's bottom. That would indicate a final target of 0.91 BTC, at the 1.618 fib, by around April 2026. Another reason to suggest the selling is over, RSI is putting in a higher low, whilst price is making a lower low. BINANCE:ETHBTC is mirroring the same setup as September 2019, with similar targets possible. Reasons to be sceptical We should be in a clearly bullish period, between Mar-24 to Apr-26 although we have yet to see bullish price action as of today. BINANCE:ETHBTC already enduring its bearish period from Dec-21 to Feb-24, this is unlikely to be another. If we’re going to see the above come into fruition, we must soon see a huge uptick in volume in Ethereum in the coming days. Watch the green arrow underneath the chart to see if that happens over the coming 15-18 months. BINANCE:ETHBTC looks to have already bounced off the 0.024 BTC per ETH. Or the 0.382 fib level (turquoise line). I expect very limited downside from here. What might trigger a bullish change? MSTR thanks to Michael Saylor has popularised his company as a quasi-leveraged ETF, turning the balance sheet of his company into a fast-tracked success. Can you think of another company that is flush with billions of cash that is aligned with defi, NFT & decentralized markets and has one person on the board calling the shots for their investment committee? GameStop could well be the first public company to put Ethereum on their balance sheet and spark a huge step-change in the amount of institutional investment into ETH, over say BTC. They currently have $4.8bn in cash on their balance sheet and have yet to announce any M&A or changes to their corporate treasury. Watch-out for catalysts, alt-season I sense is coming...
Long
by DigiDavid
Learn How to Trade Cup and Handle Pattern on Forex & Gold If you are studying a price action, you should definitely know how to identify and trade Cup and Handle pattern formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern has 3 important elements: Cup - long-term correctional movement that tends to move steadily from a bearish trend to a bullish trend. Handle - short-term correctional movement with signs of bullish strength. Neckline - upper horizontal boundary of the pattern - a strong resistance that the price constantly respects. ⚠️Being formed, it warns you about a highly probable coming bullish movement. The trigger that confirms the initiation of a bullish wave is a breakout of the neckline of the pattern and a candle close above. Here is the example of a completed C&H with a confirmed neckline breakout, indicating a highly probably coming bullish movement. Depending on the preceding price action, Cup & Handle Pattern can either be a trend-following or reversal pattern. 📉If the pattern is formed after a bearish impulse. It is considered to be a reversal pattern. Here is the example of a reversal C&H that I spotted on EURUSD. 📈If the pattern is formed at the top of a bullish impulse , it is considered to be a trend following pattern. Here is the example of a trend following C&H that I spotted on GBPJPY. The thing is that while the price forms the C&H, buying volumes are accumulating. Even though, buyers are hesitant and reluctant initially, their confidence grows, and the accumulation leads to explosive neckline breakout. There are 2 strategies to trade this pattern. ✔️ Strategy 1. That approach is quite risky , but the reward can be quite substantial. You should monitor the price action when the price is creating a handle. Occasionally, the price starts trading in a falling channel: parallel or contracting one. Your trigger will be a bullish breakout of its resistance and a candle close above. Once the violation is confirmed, you can buy aggressively or set a buy limit order on a retest. Stop loss will lie below the lows of the channel. Target will be the closest key resistance. Here is the example of the handle being a falling channel. ✔️ Strategy 2. Wait for a breakout of a neckline of the pattern. Once a candle closes above that, it will confirm the violation. Buy the market aggressively or set a buy limit on a retest of a broken neckline then. Stop loss will lie below the lows of the handle. Target will be the closest key resistance. Here is the example of the trade based on a confirmed breakout of a neckline of C&P on NASDAQ Index. Applied properly, the strategies may reach up to 70% win rate. As always, the best pattern will be the one that forms on a key level. Try it, test it, and good luck in your trading journey. ❤️Please, support my work with like, thank you!❤️
FX:XAUUSDEducation
by VasilyTrader
1
Cholamandalam: Bouncing Back After Correction?Cholamandalam Investment & Finance Company has been recovering after a period of decline. The price had fallen around 14% from its highest level in the past year but recently showed signs of regaining strength. A rounded formation can be seen where the stock gradually stopped falling and then started moving up again. Currently, it is trading around ₹1,414, which is near a key level where it has faced some resistance before. The overall trend in the past year has been a mix of strong upward movement, followed by a correction, and now a possible attempt to regain lost ground. The next few weeks will determine if the price continues to hold this momentum. Disclaimer "Not SEBI registered. This is for educational purposes only, not financial advice. Do your own research before investing." #StockMarket, #Trading, #Investment, #TechnicalAnalysis, #ChartPatterns, #StockMarketIndia, #PriceAction, #MovingAverages, #SupportAndResistance, #SwingTrading, #NSE, #BSE, #FERMENTABiotech, #VolumeAnalysis, #TrendReversal, #StockMarketEducation, #FinancialMarkets, #IndianStockMarket, #WealthBuilding
NSE:CHOLAFINLong
by AkmeAnalytics
Genus PLC Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Genus PLC Stock Quote - Double Formation * (Midpoint) At Retracement Area | Completed Survey * Pattern Confirmation | Entry Feature & Long Support | Subdivision 1 - Triple Formation * 1.618 Retracement Area | Long Support | Subdivision 2 * 0.786 Retracement Area | Bias & Entry Settings | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Uptrend Argument)) * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:GNS.GBLong
by TradePolitics
DJT - Parabolic Move IncomingNASDAQ:DJT is soon in my mind to begin the most insane of rallies. This chart for me is as clean as they come! Recent Price Action From the peak of October 2024 to recent days in February 2025 - the stock has seen a ~46% correction, in what is likely the completion of an Elliott Wave 2 correction (in X,Y,Z form). This after a bullish initial Wave 1 formation saw it go beyond even the most bullish of bullish initial price targets, in just 2 weeks flat. Price had prior to that been compressed inside a downwards-pointing wedge pattern (orange lines), since late March 2024. This is one of my most favourite bullish chart patterns. It often leads to explosive price action. After breaking out of the wedge, it is now not-only putting the finishing touches to an Inverse Head & Shoulder pattern (grey text)... but when it does so it will also complete a massive Cup & Handle formation (white arrows). Future Price Targets The initial target (T1) from this move would be $570 (20x) in a very short period. Perhaps even by end of June 2025. This would coincide with the 1.414 fibonacci level. Drawn from its initial introduction to public markets to its peak just weeks later. Thereafter, an extended 5th wave target of $1,020 (43x) could be reached sometime around late November 2025 and January 2026. This coincides with the 1.618 fibonacci level (darker blue T2 line). Price as of today has overshot the 0.382 fibonacci line and back-tested the previously-formed left shoulder. It is likely to find support here on the yellow line. Next Up... Volume has been pitiful of late. Watch it ramp-up again in the next few days, just like we saw in September 2024 when it completed its full retrace. It is my expectation that we will see rest of the markets surprising bears, with a huge reversal before March, perhaps even combined with a significant dollar devaluation. During this time when volume picks-up, a sharp reversal to the upside out of its latest wedge (dark red lines) is possible before the week ends on 28th February. If this occurs, this will likely confirm the end to Wave 2 of 5. If there is any further downside to come, the absolute worst case scenario will likely be ~$18 - coinciding with the 0.238 fib. However this is not expected, just something to be wary of. NASDAQ:DJT from here is ready to begin the most volatile of Elliott Waves, Wave 3. If volume persists, price will be drawn like a magnet to the horizontal sloping trend line in bold white. Possible Elliott Waves Wave 1 - $12 to $55 Wave 2 - $55 to $24 Wave 3 - $30 to $570 Wave 4 - $570 to $175 Wave 5 - $175 to $1,020 Ridiculous targets, right? So what could be the catalyst? With the appointment of Kash Patel, we may now start seeing legal action taken against entities & individuals involved with naked short positioning. NASDAQ:DJT even in it's short history has been a prime target for this since 2022. NASDAQ:DJT may be partially or heavily-involved with the Sovereign Wealth Fund being discussed for the United States. NASDAQ:DJT may also complete the long-rumored acquisition of Bakkt Holdings ( NYSE:BKKT ). Perhaps even obtaining a minority stake in TikTok. Short squeeze, M&A, fraudulent recovery, purchases of ETHUSD or just plain old organic price discovery - you pick your poison. But if you thought you'd seen NASDAQ:DJT reach its peak prior to the elections, be prepared to rethink your views. NASDAQ:DJT has a LOT of room to the upside still from here. Make sure at the very least, you keep this one on your watch-list. ---- Note : This post was originally published on 2nd November 2024 in the lead-up to the election. It was popular but was hidden due to an error on my part including a private indicator. It has now been updated to account for recent price action & timing.
NASDAQ:DJTLong
by DigiDavid
3
Sonic's S (previously FTM) to 1.4I have been in FTM for a very long time but have slowly covered more stocks than crypto over time. As I take profit out of alts into stocks this only makes sense. One position I have kept is FTM which is now converted to S. With the flight from Solana, people are looking for this cycle's layer 1, sonic could be it. Sonic is fast, has growing TVL, and has a brilliant founder. The Chart: Rising momentum leading into the cup formation. I find cups more likely if they are scooping lows instead of highs. Volatility just fired red, so we need a bit of a cool off here. My target is 1.4$ for March
Long
by Apollo_21mil
Bitcoin End of 20258 Bullrun price EstimationFor a long time now (since 2017) I've been observing and analyzing Bitcoin. My previous long-term predictions were accurate regarding the time of happening, so with that in mind, the end of this bull run should start in October of 2025. The price is unknown to anyone but as for the logarithmic scale we should be getting 200k If we're lucky 300k and if everyone goes crazy on Bitcoin then 400k or even more would be possible. I rather stay in a more realistic range and look for 200k as a great point to start the exit.
BITSTAMP:BTCUSDLong
by estimyth
Hims (HIMS) Stock Chart Analysis: Observing a Cup and HandleThe HIMS stock chart displays a pattern resembling a cup and handle. If confirmed, technical analysis suggests a possible price target exceeding $24. While the cup and handle pattern suggests a potential price increase, it's important to consider other factors that can influence the stock price, such as the company's fundamentals, industry trends, and overall market conditions. It's also crucial to understand the limitations of technical analysis and avoid solely relying on it for investment decisions.
NYSE:HIMSLong
by ParabolicP
8
SLM Volatility contraction bar entry& Median Line ExitAfter a month of sideways price action over the turn of the year, we get a new price high on the on the back of poor earnings. Price held and a low volume narrow range bar shows up. I would expect there should be more selling here but minor volume day. Take a long but stopped a few days later. However price comes back in early Feb after holding the 50EMA. Try another squat bar buy stop entry. Price target the ML as Dr. Andrews says, "Price makes it to the median line 80% of the time".
NASDAQ:SLMLong
by shane93676
COIN: Setting up neatly with crypto tailwindWhat I like - Bullish Pendant breakout on the daily timeframe. - Tailwind from crypto sector. Trump is in favour of crypto. I track the relative strength of 60 over sectors, see attached excel, and crypto sector (BLOK) is one of the strongest - Cup and handle formation - It is a healthy chart. Burst higher -> consolidation -> burst higher. Repeat Trade plan - Intend to hold this for a longer period. I have initiated a small position in today's breakout (~293). Wait for the full cup and handle formation, and add on shares when it breaks out again.
NASDAQ:COINLong
by chuasonglin1995
2
Bitcoin's Inverse Cup and Handle – Bearish Breakdown Ahead?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) at least dropped to the Support zone($96,150-$94,700) . If we look at the Bitcoin chart in the 15-minute time frame , we will see that Bitcoin is completing the Inverse Cup and Handle Pattern ( Handle of this pattern is being completed). As I said in the previous post, $96,700 is important for Bitcoin. Bitcoin is currently moving below this level , which could mean that the Inverse Cup and Handle Pattern can work for Bitcoin. Educational tip : The Inverse Cup and Handle Pattern is a bearish reversal pattern that forms after a downtrend. It resembles a cup shape followed by a small consolidation (handle) before a breakdown. A breakdown below the handle confirms the pattern, signaling a potential downward move. The price increase in the last two or three candlesticks (in a 1-hour time frame ) was NOT accompanied by a large volume , and this can strengthen the theory of completing the handle of the Inverse Cup and Handle Pattern . I expect Bitcoin to attack the Support lines and Heavy Support zone($93,300-$90,500) AFTER breaking the Neckline of the Inverse Cup and Handle Pattern . Note: If Bitcoin succeeds in breaking the Resistance line and stabilizes above $96,700, we can hope to break the Descending Channel, And the CME Gap($97,845-$97,110) will also be filled. Do you think the Inverse Cup and Handle Pattern will work? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
SPY - 2 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
AMEX:SPYLong
by TheArtOfCharting
COL - 4 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
ASX:COLLong
by TheArtOfCharting
CAKE Ready for a Breakout? Cup & Handle Pattern in Play!Analysis: #CAKE is in a strong uptrend and is currently forming a cup and handle pattern on the 30-minute timeframe. This is a classic bullish continuation pattern, signaling a potential breakout. Key Observations: 🔹 Higher Highs (HH) & Higher Lows (HL) indicate a healthy uptrend. 🔹 Bearish divergence spotted—indicating a possible retracement. 🔹 If support breaks, we may see a trend reversal. 🔹 If the handle completes and #CAKE breaks out, it could be an ideal buying opportunity. Strategy: 🔹 Wait for breakout confirmation above the cup resistance. 🔹 Entry: On breakout with volume. 🔹 Stop Loss: Below recent HL. 🔹 Target: Measure the depth of the cup for a price target. Final Thoughts: This setup has high potential, but always use proper risk management. What’s your take on #CAKE? Will it break out or break down? Comment below!
Long
by mudusir
3