I Cannot Short This !!! situation+next targets.Now, as you can see, AAVE is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, AAVE's price could reach $243 in the new year, which is not far-fetched, just like the AB=CD pattern.
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Cup And Handle
TBZ NSE 12Y RBC&H ATH BO DTF/WTF in MTF Positional TradeChart Pattern :
TBZ Jewelers has recently broken its ATH forming a RBC on the DTF/WTF. Currently on a Pullback to form a Handle. Wait for WTH high BO to Enter.
INDICATORS EMA :
The Price is Currently Trading below 20EMA, but above 50EMA. TBZ the EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF.
FIBO E :
Price is currently trading above the 50% FIBO Retracement level of 247 on DTF Impulse uptrend
Volumes: There is a uptrend in Volume on the Monthly Charts for 3months with Pullback for 3Weeks now .
TRADE PLAN
ENTRY -WTF High BO
SL -Monthly Low
TARGET --TBD
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
One Key Reason Why Bitcoin Could Surge to $127KBitcoin holders have faced a tough market in recent months, but the longer-term outlook offers hope. The price appears to be forming bullish patterns like a cup and handle or an inverse head and shoulders. A break of the trend line at $74,000 could trigger a surge toward $127,000.
In the short term, Bitcoin is stuck in a bull flag. To push higher, the price needs to break above $66,670 or $69,293. These levels are crucial, as breaking them may ignite the larger cup and handle breakout, signaling a strong upward move.
What is your take on BTC?
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Buyers are looking for buy opportunityprilika za kupnju nakon pada btcusd para na 60 000 popularni gartley uzorak pokazuje da investitori ciljaju take profit nivo od 115 000.. Buyers are looking for buy opportunity as btc dropped to 60 k and targeting famous gartley pattern at 115'000 as take profit area!!!
Buyers are looking for buy opportunityprilika za kupnju nakon pada btcusd para na 60 000 popularni gartley uzorak pokazuje da investitori ciljaju take profit nivo od 115 000.. Buyers are looking for buy opportunity as btc dropped to 60 k and targeting famous gartley pattern at 115'000 as take profit area!!!
AUDCAD: Bearish Reversal Confirmed?!The 📉AUDCAD shows several indications of bearishness in intraday chart, the pair formed a rising parallel channel pattern and a cup & handle formation.
Both the trend line and neckline of the cup and handle pattern have been violented, suggesting the possibility of further declines.
The next support level to watch for is at 0.9190.
CAMS NSE 3Y RBC Breakout MTF/WTFCAMS has formed a 3Year Rounding bottom Cup( RBC) with. High Volume creating a new All Tile High (ATH) and 52W ATH on the Weekly and Monthly time Frame (WTF/MTF)
Price is currently above 21EMA and 21EMA is above 50 and 200 respectively suggesting a Bullish Trend
CAMS is trading above the 50% FIBO Retracement Range
CAMS is currently consolidating in a Range, Enter when Range is broken on WTF.
SL below thw consolidation Range @4200. enter with 25% Quantity when price touches @4300..Add progressively. at higher Close
BTC [1W] Cup with Handle is formedHello friends!
We have prepared an analysis of the BTC chart based on the "Cup with a handle" pattern.
At the moment, all the conditions for working out this pattern have been formed.
1. There was a bullish trend before the pattern was formed
2. The deflection in the cup is not more than 80% of the previous trend
3. The length of the handle is not more than 50% of the length of the right side of the bowl
4. All this is on a high time frame of
5. The EMA 200 enhances the pattern when the handle is located at the bottom
TOTAL3 is time to continue push UP 1. Cup and Handle Pattern:
The highlighted region resembles a cup and handle pattern, which is generally considered a bullish continuation pattern.
The cup part spans from around mid-2021 to mid-2023, while the handle is forming after the cup's completion, indicating potential consolidation before a breakout.
The rounding bottom of the cup shows accumulation after a downtrend, signaling a reversal in trend.
2. Breakout Target (1.618 Fibonacci Extension):
The projected target is marked with a 1.618 Fibonacci extension, a common tool used to predict possible upside after a breakout. This level is approximately 1.618 trillion USD.
The price has already started moving upwards after the handle formation, suggesting a breakout might be underway.
3. Current Market Situation:
As of the latest candle in the chart, the total market cap excluding BTC and ETH is sitting at 634.208B USD.
There’s a notable surge of about +12.91% in the current period, which aligns with the idea of bullish momentum taking over after the handle's formation.
4. Bullish Flag (Handle):
The handle portion seems to form a bullish flag, which is a continuation pattern that confirms the overall uptrend.
Once the price breaks the handle's resistance, the expectation is a rapid increase in market cap, potentially reaching the target shown.
Conclusion:
The chart indicates a bullish outlook for the altcoin market (excluding BTC and ETH).
The cup and handle pattern is one of the strongest continuation patterns, and with the market currently showing signs of strength, a breakout could take the market cap towards the 1.618 trillion USD target if the current trend persists.
However, be mindful of market sentiment and global macroeconomic factors that can affect crypto markets.
NOT is BullishNotcoin has formed a formation known as Adam&Eve. Similar to cup handle and it's bullish.
As long as the last low holds, we can expect a growth in momentum with large green candles.
On the other hand, TON is forming a symetrical triangle which is kinda dangerous for the moment due to the news of the CEO of TONCOIN.
Why is it important for NOT?
Because they are using the same network. You can consider it as SOL and JUP reloationship.
Breaking above 0.008515 will make NOT worthy again.
Use 0,00915 as first, and 0.00963 as second Target.
Remember to use stoploss as well but it's your decition for this time.
possible cup and handle BOME/USDTwe see on the smaller timefram a possible cup and handle forming. the target is in confluense with a larget timeframe 0.5 . this is a possible setup i made for it. its still a 20% move to the upside. offcourse it could go much higher without a doubt. but this is a possible trade setup.
cheers!
USDCAD: Price Action Analysis & Bullish Outlook USDCAD has formed two bullish chart patterns: a falling wedge and a cup-and-handle pattern within it.
Recently, a single 4-hour candle breached both the pattern's neckline and the wedge's resistance line.
This breakout suggests a bullish trend continuation, targeting 1.4543 and 1.3571.
RSCH - CUP WITH HANDLEI bought the stock today
August 16, 2024
Reasons:
1. Low-risk entry point
2. Confirmed stage 2 uptrend
3. Has formed a classic cup with a nice drifting handle
4. Strong prior moves before it gone through its base formation
5. High relative strength
6. Hand in hand with the indexes making its new highs
7. More stocks start to setup constructively
Flaws:
The market is still very vulnerable to go through another corrections
I'm still waiting for some traction in the market before I start trading aggressive. Hence, I like to see some follow through action from now.