Get started

Cup And Handle

Big fan of the GOLD cup and handleI'm liking the cleanliness of the 2011 - 2024 cup and handle. I am going to be a little unconventional here by going with a % target rather than $ target, which means I'm looking for a nearly 100% increase from the top of the cup ($2050) which gives a target of around $4100. It could certainly go higher depending on geopolitical issues, global finance issue, global debt issues, etc. but I think that's a good rest stop for this particular pattern. As for stops, gold is the only currency to have stood the test of time therefor we don't stop out on dips, we buy mor.
TVC:GOLDLong
by krugman87
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
Market sentiment largely extremely negative. This is a positive.Analysts and articles claiming that this might be the end of the crypto bull market. A few even announcing that we won't have an Altcoin cycle this round (seen similar reporting during past 2 cycles as well) since institutions will only focus on ETF-approved coins. And numerous extreme negative sentiments pervading all around -- which signals a good time to prepare to continue to accumulating more. BTC failed to set an ATH above 74kUSD after the latest FOMC meeting announcement of no rates cut = extension of accumulation opportunity . I was too optimistic prior to that. Personally, I am now waiting to deploy my final pool of USDC capital (and even BTC) once there is a clear sign of a turnaround around the next lower support level, prob into Kaspa. IMO, BTC could retrace down to 60kUSD or even 57kUSD next, and "worse" case, down to 38-48kUSD. Zooming out, it is presently merely consolidating sideways after a 90% increase from 38kUSD (23Jan'24), ranging btwn ca. 57k-70kUSD. Will take a wait and see attitude for the moment. If BTC do correct down to 38-48kUSD and then recovers back to 70kUSD, that would setup a massive cup and handle pattern with a measured move target of ca. 260-290kUSD! Just some crude thoughts to put it out there for later later reference (like what I usually like to do), to be refined upon later once I'm home.
BITSTAMP:BTCUSD
by cybernetwork
Cup and Handle Pattern Nearly CompleteI wrote about this in another post, but the chart is easier to see in this one. The cup and handle pattern on AVGO looks nearly complete on the hourly. Looking at the fib retracement, the bottom of the cup bounces nicely off of the 0.5 line, bouncing off of resistance at the 0.786, and the handle seems to be making it's way back up today. If we can get past the $1750 price at the 0.786, with the AI narrative and stock split ahead, I see a potential move up to $2,200 on momentum. The market is certainly due for a correction at some point, but I don't see it happening until later this year. Time will tell, and we'll just have to wait and see what happens.
NASDAQ:AVGOLong
by hufftrade
4
ANTI-FIATS: Bitcoin, GOLD on Track for Repeat +300%, +400%TVC:GOLD is at all-time highs but remains significantly undervalued. This is evident both in the price action on our charts and in the changing geopolitical landscape, which impacts our financial tactics and the price action we expect to see in the coming years. Fundamentals : We must consider the actual and increasingly perceived risks to USD currency hegemony and the sovereign debt crisis. Between BRICS+, the waning strength of the petro-dollar agreement, and the monetization risk to government treasuries, a move to $4000 or $5000 in the coming 18 months feels plausible. Technicals : We're experiencing a bullish impulse following the breakout of the 2011-2023 cup and handle (in white) at the $2k price level. I've marked the two most significant price levels over the past 30 years ($400 and $2k). By extending a symmetric, measured move from the 2005 $400 level to the 2011 $2k level, we can identify a target of $6k before 2030. What's the Play? : While I'm catching tomatoes from both my TVC:GOLD bugs and BTCUSD maxi friends, the case is clear to me that all ANTI-FIAT assets are poised to excel in the coming years. Stagflation, debt monetization, and high interest rates are here to stay. At some point, we might see Gold vs. Bitcoin square off to see who gets to eat the other's slice of the pie, but for now, the enemy of my enemy is my friend. So let's pack our bags!
TVC:GOLDLong
by dawsonMoonshot
RC1! - 3 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.
ICEEUR:RC1!Long
by TheArtOfCharting