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Cup And Handle

Technical Analysis on Intel (INTC)Using long-term volume analysis with the Volume Profile, we observe that Intel's ( INTC ) current price has moved below a significant monthly Point of Control (POC). To gain a clearer perspective, it will be crucial to wait for the monthly close to determine whether the price remains above or below this POC level. By zooming in to the daily or H4 timeframe, we notice a potential rounding formation in both the candlesticks and volume, indicating a possible shift in trend direction. Bullish Scenario: To confirm a bullish scenario, it will be necessary to wait for a monthly close above the POC. This signal will be strengthened if the volumes increase as well. Bearish Scenario: If the price stays below the POC, the bearish scenario suggests potential targets, as illustrated in the image below. It may be possible to consider short entries at the levels indicated as Target 2 and Target 3.
NASDAQ:INTC
by Giovanni_Bandini
BITCOIN - Analyzing previous Bitcoin cycles combined with DataIf you look at the monthly chart of Bitcoin and examine the three previous cycles in crypto, you can see where we currently stand. This doesn’t guarantee that we’ll go up from here, but it does show that the chart often follows a similar pattern every cycle. Price movements are a universal phenomenon seen across all charts in various sectors, not just crypto. Often, you’ll notice an asset testing its all-time high (ATH) and then taking a “breath.” After that, the asset typically moves beyond its ATH and embarks on a bullish journey. The market tends to become more greedy once it surpasses the ATH because it means everyone in the market is in profit. Of course, it depends on what you bought, but the principle remains the same. I see a lot of people worried about where we’re headed next. Nothing is for certain, but stop reading the news and worrying about recessions. England and Germany are currently in recessions and have just broken their ATHs. Recessions have nothing to do with price action. Many are also concerned that the markets will crash once the rate cut season starts, which is highly likely to occur in September. However, historical data suggests otherwise. If you look back 70 years, the S&P 500 has averaged an 11% return one year after the first rate cut. By using data and following cycles, like the one below and the 18.6-year real estate and economic cycle, it becomes much easier to handle the drawdowns and negativity you hear around you. Using Fibonacci retracement, I believe we could see a top for Bitcoin around $150-200K before the next bear market.
INDEX:BTCUSDLong
by WealthNode
MarketBreakdown | EURUSD, EURJPY, GBPCAD, GBPNZD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 EURUSD looks heavily overbought after a recent strong bullish rally. The price started a correctional movement and broke a solid rising trend line. I think that the pair will continue the correction to lower levels. 2️⃣ EURJPY daily time frame 🇪🇺🇯🇵 I see a classic bearish accumulation pattern - a descending triangle formation. Bearish breakout of the neckline of the pattern and a daily candle close below that will be an important event that will most likely trigger a strong bearish reaction. Alternatively, a bullish breakout of a trend line can be a strong bullish signal 3️⃣GBPCAD daily time frame 🇬🇧🇨🇦 The price formed an inverted cup & handle pattern after a test of a key daily horizontal resistance. A breakout of the neckline of the pattern signifies a highly probable continuation of a retracement from the underlined read area. 4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿 I see a confirmed breakout of a neckline of a huge descending triangle formation. The broken structure and a falling trend line compose a contracting supply zone now. I will expect a bearish movement from that to lower structure levels. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
Trading Advice: Cup and Handle Pattern for OSMO Be ready to enter! Watch the price breakout above the handle resistance, this is the right time to enter the deal. Protect your investment! Place the stop loss below the lowest point in the handle to minimise risk. Be ready to enter Watch the price break above the handle resistance, this is the right time to enter the deal. Place the stop loss below the lowest point in the handle to minimise risk. With a target price of $0.59 calculate potential profits based on your entry price. Use the height of the cup to select the target. Make sure there is an increase in trading volume when breaking out, this indicates the strength of momentum. Follow the general direction of the market. An uptrend can enhance your trading chances of success. Be careful in the use of capital. Be careful not to risk more than a small percentage to ensure the continuation of the game. We wish you a successful trade and abundant profits
Long
by Arabian-knights
Cup and Handle Pattern for SHIBImagine a refreshing cup of coffee! Let's break down the **Cup and Handle pattern for SHIB, targeting $0.000017 Look for that classic cup shape, followed by a slight handle. This is your signal that something exciting is brewing! Watch for the breakout! Once SHIB closes above the handle’s resistance, it's time to dive in. This is where the real journey begins! Protect your investment! Set your stop loss just below the handle’s lowest point. This keeps your risk in check if the market takes a turn. Aim for the stars! With a target of $0.000017, calculate your potential profits based on your entry point. Use the height of the cup to project your target upwards! Is the crowd cheering? Look for increased trading volume at breakout. High volume is like a roaring applause, confirming the momentum! Keep an eye on the broader market. A bullish trend can give your trade that extra push it needs! Play it smart! Only risk a small percentage of your capital. This ensures you stay in the game no matter the outcome. Stay alert, adapt, and enjoy the ride!Happy trading, and may your gains be plentiful!
Long
by Arabian-knights