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Cup And Handle

update on BTC cup and handleThis is a weekly chart I have been publishing for over a year now, back before the handle was even starting to form. On the very long term picture BTC is clearly bullish, even if we flush down to 28k that will complete the handle for launch time. I am uncertain if my dead cat bounce will play out but my bags have been packed with long only spot mining stocks/coinbase stock and a variety of altcoins for a long time. Either way we head I am happy. I will likely short this pump with a small position likely using mara stock though. My short zone is 50-52k. To be clear I am long-term bullish, very bullish, short-term bearish.
BINANCE:BTCUSDLong
by Apollo_21mil
CADJPY CUP AND HANDLE PATTERN Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start. Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure to return here for the rest of this analysis! Observing the price action, we spot a distinctive double bottom with a Low Cup at 104.247. At present, the price is positioned below the Breakout level at 110.624, and keen-eyed traders will note the ongoing development of the handle phase. When the awaited breakout materializes at 110.624, we'll spring into action and execute the trade, securing our stops just below the previous low pre-breakout. Our sights are set on the first target zone: 62% at 120.845 and 79% at 123.620. And that's not all – keep your trading antennas finely tuned, as additional setups may converge on smaller timeframes, further enriching our trading landscape. Remember, trading is an ever-evolving 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
6
Monero (XMR) to $4000The above 10-day chart has so much going on, how to keep it short? Of all the data I’m trawling through there’s an observation among privacy tokens that continually catches my attention, no matter which, there’s incredible bullish macro structure unfolding. With one in particular and it is not XMR. On the above 10-day chart price action has corrected 70% since the sell signal (4-day chart below) in May of last year. A number of reasons now exist to be bullish: 1) The ‘incredible buy’ signal + bullish divergence (3-day chart below). 2) Price action breaks out of bull flag formation, just as it did in February 2020. 3) Price action tests median line of bull flag just as before in 2020 and confirms support with 10-day Dragonfly DOJI candle. Wow. What a beautiful fractal. 5) The bull flag extension takes price action to $1150 6) A larger Cup and Handle pattern is very clear to see. The pattern would confirm with price action finding support on $410. After that the measured target is $4000. 7) Wink wink nudge nudge - don't know what I mean? Shame. (for those in the know, rules confirmed). Is it possible price action falls further? For sure. Is it probable. No. WW PS: ask me for updates below. Type: trade Risk: <=6% of portfolio Timeframe: 18 - 36 months Return: 10-20x 4-day sell signal 3-day buy signal + bullish divergence
XLong
by without_worries
34
MDB - 7 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 ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:MDBLong
by TheArtOfCharting
META CUP & HANDLE PATTERN META is trading a cup and handle pattern on its daily chart. The price is trading above the Breakout: 236.86. ST: 219.96 62%: 328.86 79%: 353.24 127%: 425.89 162%: 477.46 William J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. They also form in all markets and in all time-frames. The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to months. The “Handle” part forms due to a price correction after “Cup" formation and before a clear breakout to the upside. Cup and Handle pattern structure show the momentum pause after reaching a new high in a U-Shape form, followed by another attempt to breakout. When this breakout from the rim of the cup fails it starts to fall back to build the 'Handle' structure. Usually, the handle structures are small, and the handle depth should not exceed more than 50% of cup depth. Entries When the pattern breaks out above the rim of the cup, a long trade is entered above the high of the breakout bar. Targets: 62-79%, 127-162% Cup height Stop A stop should be placed below the middle of the handle level.
NASDAQ:METALong
by TradeChartPatternsLikeThePros
5
HR Media - ready for big move :) Hello All, Apologies, I was banned by moderators, guess my Ban is over now and posting new ideas... The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
NSE:HTMEDIALong
by GKTrademanthan
Ashimasys, getting ready !!! Hello All, Apologies, I was banned by moderators, guess my Ban is over now and posting new ideas... The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
NSE:ASHIMASYNLong
by GKTrademanthan
Balkrishnan Papers - retesting ... Hello All, Apologies, I was banned by moderators, guess my Ban is over now and posting new ideas... The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
NSE:BALKRISHNALong
by GKTrademanthan