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Cup And Handle

TQQQ - Cup awaiting Handle ?TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge, it started the downside initial part of a cup and handle pattern. The reversal occurred 11 months ago with the upside completion of the cup back to 57.5 In the typical cup and handle, the handle then forms in a 50% retracement of the height of the cup. the cup height measures 44.5 over a period of about 9 months. Notably relative volumes peaked at the bottom of the pattern. Once the retracement is complete, bullish continuation should occur to the extent of the height of the cup above the lip. That is to say an uptrend from 57.5 adding 44.5 to get to 102 more or less. But first the retracement and reversal must occur. Accordingly, if this is an incomplete cup and handle, it forecasts a retracement of 44.5 divided by 2 or to about 38 as shown by the Fib retracement tool. After that price must reverse then overcome the resistance of the lip of the cup ( 57.5) and continue to 102. Overall, this forecasts that a bearish crash is in store for TQQQ ( as well as QQQ from which it is leveraged). Time will tell if this pattern has given an accurate forecast. In the meanwhile, I will watch for signs of QQQ topping out on the weekly time frame after the same signs on lower time frames. The alternative view is that TQQQ is building an even bigger cup right now with the lip at about 88 when the price had a high pivot down on November 22, 2021. So, do you see a bigger or smaller cup pattern or none at all?
NASDAQ:TQQQ
by AwesomeAvani
GOOG- a cup and handle in formation LONGGOOG on the daily time frame showa a cup and handle pattern beginning at the November 21 high from the uptrend out of the Covid "crash" Price has printed the cup and returned to the same price level of about 150 ; A handle is forming now. The cup and handle pattern forecasts a bullish continuation from that price level to the extent of the height of the cup. Accordingly, this would be from about $ 150 to about $220. Daily charts have high reliability as do cup and handle patterns. The RSI indicator shows strength in the 50-60 range so GOOG has a long way to go before being overbought. . Once price is over $ 150, I will initiate a position on GOOG shares and look to also take call options striking $150 for late 2024 or 2025.
NASDAQ:GOOGLong
by AwesomeAvani
GOOG- now at ATH completing A Cup and Handle LONGGOOG as shown on the daily chart has completed a cup and handle and has the momentum of moving up to its previous ATH set 2/1/24 and November '21. This could forecast bullish continuation to add $50-70 onto current price as so 30% onto the market cap. GOOG has been relatively stable in the current general market environment. Earnings are coming in three weeks. Google is dependent on ad revenues primarily and so its income stream is relatively narrow focused no matter the variety of its services. I will take a long trade here expecting good price movement heading into earnings with a trim of the position just before earnings and stop loss adjustments at increments to diminish.
NASDAQ:GOOGLong
by AwesomeAvani
Mana Long Term Setup (Also short term)Decentraland (Mana) is about to go to the clouds once more again. Everything's set and ready; According to Elliot Wave Theory, phase 2 on weekly time frame has ended. We are ready for Wave 3, which is the wave you'd wanna be in for. In 3 day chart zone, RSI is strong. Also in 12H time frame as well. I checked it's on chain data as well, looks okay. Only Buy "Spot" and Hold until the target price is hit. No stoploss will be given. Short Term targets: 0,8217 - 0,8860 Long Term targets (for gigachads): 0,959 - 0,1267
Long
by vs_sayin
Turbo Token: A GPT-4 Inspired Meme CoinThis structure looks like a cup and handle to me. I've indicated a key level of support and resistance with the blue lines. Here are some tips for identifying a Cup & Handle pattern: Cup Formation: The pattern starts with a rounded bottom (the "cup") that resembles a "U" shape on the stock chart. The left side of the cup shows a downtrend followed by a gradual bottoming out. The right side of the cup shows a gradual uptrend, forming the other half of the "U" shape. Handle Formation: After the cup formation, there is a slight downward movement in the stock price, creating a smaller dip known as the "handle." The handle is usually shorter in duration compared to the cup and has a downward-sloping or sideways trend. Volume: Volume tends to decrease during the formation of the handle, indicating a temporary decrease in trading activity. Breakout: The pattern is considered complete when the stock price breaks out above the resistance level formed by the top of the cup (often called the "lip"). This breakout is typically accompanied by an increase in volume, signaling potential bullish momentum. To confirm a cup and handle pattern, traders often look for these characteristics and use technical indicators such as moving averages, relative strength index (RSI), and volume analysis. It's important to note that not all cup and handle patterns lead to significant price movements, so traders often combine pattern recognition with other analysis techniques for better decision-making. Learn more about TURBO here => turbotoken.io
by b6d1016fdeb149be865b678a8ac935
Classic Cup & Handle Breakout & Re-testVery simple - a classic cup and handle formation, already confirmed and re-testing a breakout: - has already broken out of the handle forming a 2nd smaller cup - and since broken above and held above the weekly cup's neckline It has held above for several weeks and is now re-testing that neckline. Targets are TP 1 and 2, measured from the length of the bottom of cup to its neckline, from its neckline up (TP 1) and then a half length above that (TP 2). Conditions for hitting take profit targets are: A.) holding the neckline or B.) a weekly candle close with a pullback below that quickly reclaims it in the following week or so.
COINBASE:ACSUSDLong
by dudebruhwhoa
Huge cup and handle on AKTAKT like many alts is forming or has formed a huge cup and handle. This price action is wild to see, the same draw down that happened before the last crash happened all over again. The crash dip was an 46% move, the dip we just saw was 37%. If we retrace all the way back to the golden fib we have another 20% downside. My short-term target remains in the sevens. The resolution of the cup and handle is around 12$. BTC is likely to continue to wash out leverage so be careful. I wanted AKT as an Ai exposed token that provides passive income while I watch the cycle play out, this helped diversify my RNDR bags. -Remember, my colleague and I have been in alts since the bottom 15k BTC price -Do not let fomo control you -Dip buying on these massive corrections in small amounts works well -Bitcoin is a safer dip buy than any alt any day for long-term minded folks
CRYPTO:AKTUSDLong
by Apollo_21mil