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Cup And Handle

NEARUSDT THREE RISING VALLEYSWe were first presented with a momentum shifting structure which looked like an inverse head and shoulders with 4 shoulders, but then created 3 consecutive higher lows and higher highs to form the image of a three rising valleys structure. We sprung from the resistance line and recently back tested the neckline as support. Our first target is the measure from the first low and first high from the three rising valleys. Our second target is a key resistance line from October of 2021. If the asset falls below the third valley then the setup is invalid. As a compliment, NEAR when compared to the BTC chart also looks bullish, so we could see NEAR outperforming BTC in the near future. Overall, NEAR has had a strong uptrend in weekly scale compared to most altcoins so I'm expecting it to keep outperforming in the next few months.
Long
by diegochuw
Crypto market cup and handleThis massive cup and handle is similar to my Total3 chart, although this chart includes BTC and ETC. This more bullish chart has a projection to 4.3 Trillion dollars. I fully expect a raging pump over the next few months leading into elections. The upward pointing weekly stochastic RSI is optimistic, alongside riding the EMAs. A massive pivot in volume is also noted. -BTC new all-time-highs within two weeks -ETH projections towards 6500 in the coming months -My favorite alts I start to take profits since they run massively on ETH ETF approval
CRYPTOCAP:TOTALLong
by Apollo_21mil
CADJPY CUP & HANDLEHello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here: (www.tradingview.com). Make sure to return here for the continuation of this analysis! Examining the price action, we observe a distinct double bottom with a Low Cup at 104.247. Currently, the price is situated below the Breakout level at 110.624, and astute traders will notice the ongoing development of the handle phase. Once the anticipated breakout occurs at 110.624, we will take action and execute the trade, placing our stops just below the previous low pre-breakout. Our target sights are set on the first target zone: 62% at 120.845 and 79% at 123.620. But that's not all – keep your trading antennas finely tuned, as additional setups may emerge on smaller timeframes, enhancing our trading landscape further. Remember, trading is a continuous journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉
Long
by TradeChartPatternsLikeThePros
2
Awaiting BO of Cup with Handle in $NSE:TCSNSE:TCS Pattern details: Up-trend before forming a Cup with a handle pattern Cup with ~31% correction and length of cup 113 bars (791 days) Handle length is 9 bars (64 days) and ~7.5% correction. Manage to take support at 30 weeks EMA Bullish RSI divergence at the bottom of the cup Fundamental Notes: Operating margin for the latest quarter was 26% (the highest in the last 12 quarters) and for FY 2024 - 24.6% Net Profit QoQ 12,502 Cr. (Mar 24) vs 11,097 Cr. (Dec 23) EPS Profit QoQ 34.37 (Mar 24) vs 30.56(Dec 23) Net Profit YoY 46,099 Cr. (FY ending Mar 24) vs 42,303 Cr. (FY ending Mar 23) EPS Profit YoY 115.19 (FY ending Mar 24) vs 126.88(FY ending Mar 24) P/E: 29.9 ROCE: 64.3 % ROE: 51.5 % ROA: 32.5 % PEG Ratio: 3.64 PS: Awaiting BO of Cup with handle pattern Disc - invested, for educational purposes only
NSE:TCSLong
by shridharrathi
$BTC to ~$275k | Cup & HandleWhile I was looking back at / patting myself on the back for this positively identified large-scale Cup-and-Handle pattern on CRYPTOCAP:BTC that I called out in Feb '24 I couldn't help but notice another one, on an even larger time scale . I don't make the rules: CRYPTOCAP:BTC to $275k. Not today, not tomorrow or next week, but by the end of the cycle- I would be shocked if this doesn't play out. With M2 already starting to make a run back to the upside and rate cuts seemingly just around the corner, JPOW seeming dovish, election szn, the list goes on... Things could get wild very soon. IMO-- job's not done, hold on tight!
BITSTAMP:BTCUSDLong
by httpz
ADA/USD massive cup and handle, new ATHCardano's C&H has been forming since 2017 and is very reminiscent of that of silver (albeit ADA on much shorter timeframe). Its handle, a parallel channel inside of an arc, just broke to the upside and as long as it stays within the handle arc, it's game on. Target zones illustrated in the chart indicate that we should reach new ATH of about $6, or possibly $15-20. As outlandish as it may seem, follow the arc and as long as we're in it or target zones reached, we're long. We're also above a thick volume defined zone.
KRAKEN:ADAUSDLong
by mareksmakosz
2
Bond Market Hints Towards a Second Wave of Shorts to hit the JPYLate last year the Spread of the US/JP Carry Trade hit the PCZ of a Bearish Shark resulting in it pulling back to the 50% Retrace, this came ahead of Bearish Action in the stock market and strength in the JPY. However, the bounce at the 50% retrace indicates that it could turn into a Bullish 5-0 which would result in higher highs. In addition to that, the leverage ratio on the trade has been forming what looks to be a nice looking Cup with Handle pattern, which if it plays out would bring the leverage ratios up from 500% to well over 800%. This would likely align with higher highs in the SPX, Higher Inflation Rates, Higher Commodity, Import/Export Costs, and a continuation of the falling Japanese Yen. I will leave the chart of last year's Carry Spread Chart Post below for reference.
TVC:US10YLong
by RizeSenpai