Hims (HIMS) Stock Chart Analysis: Observing a Cup and HandleThe HIMS stock chart displays a pattern resembling a cup and handle. If confirmed, technical analysis suggests a possible price target exceeding $24.
While the cup and handle pattern suggests a potential price increase, it's important to consider other factors that can influence the stock price, such as the company's fundamentals, industry trends, and overall market conditions.
It's also crucial to understand the limitations of technical analysis and avoid solely relying on it for investment decisions.
Cup And Handle
SLM Volatility contraction bar entry& Median Line ExitAfter a month of sideways price action over the turn of the year, we get a new price high on the on the back of poor earnings. Price held and a low volume narrow range bar shows up. I would expect there should be more selling here but minor volume day. Take a long but stopped a few days later.
However price comes back in early Feb after holding the 50EMA.
Try another squat bar buy stop entry.
Price target the ML as Dr. Andrews says, "Price makes it to the median line 80% of the time".
COIN: Setting up neatly with crypto tailwindWhat I like
- Bullish Pendant breakout on the daily timeframe.
- Tailwind from crypto sector. Trump is in favour of crypto. I track the relative strength of 60 over sectors, see attached excel, and crypto sector (BLOK) is one of the strongest
- Cup and handle formation
- It is a healthy chart. Burst higher -> consolidation -> burst higher. Repeat
Trade plan
- Intend to hold this for a longer period. I have initiated a small position in today's breakout (~293). Wait for the full cup and handle formation, and add on shares when it breaks out again.
Bitcoin's Inverse Cup and Handle – Bearish Breakdown Ahead?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) at least dropped to the Support zone($96,150-$94,700) .
If we look at the Bitcoin chart in the 15-minute time frame , we will see that Bitcoin is completing the Inverse Cup and Handle Pattern ( Handle of this pattern is being completed).
As I said in the previous post, $96,700 is important for Bitcoin. Bitcoin is currently moving below this level , which could mean that the Inverse Cup and Handle Pattern can work for Bitcoin.
Educational tip : The Inverse Cup and Handle Pattern is a bearish reversal pattern that forms after a downtrend. It resembles a cup shape followed by a small consolidation (handle) before a breakdown. A breakdown below the handle confirms the pattern, signaling a potential downward move.
The price increase in the last two or three candlesticks (in a 1-hour time frame ) was NOT accompanied by a large volume , and this can strengthen the theory of completing the handle of the Inverse Cup and Handle Pattern .
I expect Bitcoin to attack the Support lines and Heavy Support zone($93,300-$90,500) AFTER breaking the Neckline of the Inverse Cup and Handle Pattern .
Note: If Bitcoin succeeds in breaking the Resistance line and stabilizes above $96,700, we can hope to break the Descending Channel, And the CME Gap($97,845-$97,110) will also be filled.
Do you think the Inverse Cup and Handle Pattern will work?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
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GBPNZD: Intraday Bullish Confirmation 🇬🇧🇳🇿
A price action on GBPNZD shows 2 strong bullish confirmation
on an hourly time frame.
I see an inverted cup & handle pattern and a breakout of a resistance line
of a falling channel.
Chances will be high that the price will go up.
Goal - 2.2
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SPY - 2 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.
═════════════════════════════
COL - 4 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.
═════════════════════════════
CAKE Ready for a Breakout? Cup & Handle Pattern in Play!Analysis: #CAKE is in a strong uptrend and is currently forming a cup and handle pattern on the 30-minute timeframe. This is a classic bullish continuation pattern, signaling a potential breakout.
Key Observations:
🔹 Higher Highs (HH) & Higher Lows (HL) indicate a healthy uptrend.
🔹 Bearish divergence spotted—indicating a possible retracement.
🔹 If support breaks, we may see a trend reversal.
🔹 If the handle completes and #CAKE breaks out, it could be an ideal buying opportunity.
Strategy:
🔹 Wait for breakout confirmation above the cup resistance.
🔹 Entry: On breakout with volume.
🔹 Stop Loss: Below recent HL.
🔹 Target: Measure the depth of the cup for a price target.
Final Thoughts:
This setup has high potential, but always use proper risk management.
What’s your take on #CAKE? Will it break out or break down? Comment below!
BNB Ready for a Breakout? Cup & Handle Pattern in Play!#BNB is in a strong uptrend and is currently forming a cup and handle pattern on the 30-minute timeframe. This is a classic bullish continuation pattern, signaling a potential breakout.
Key Observations:
🔹 Higher Highs (HH) & Higher Lows (HL) indicate a healthy uptrend.
🔹 Bearish divergence spotted—indicating a possible retracement.
🔹 If support breaks, we may see a trend reversal.
🔹 If the handle completes and #BNB breaks out, it could be an ideal buying opportunity.
Strategy:
🔹 Wait for breakout confirmation above the cup resistance.
🔹 Entry: On breakout with volume.
🔹 Stop Loss: Below recent HL.
🔹 Target: Measure the depth of the cup for a price target.
Final Thoughts:
This setup has high potential, but always use proper risk management.
What’s your take on #BNB? Will it break out or break down? Comment below!
GOLD (XAUUSD): Bearish Reversal at Trend LineGold has reached a key daily resistance level at a rising trend line.
After a strong bullish rally, the market seems overbought, and the formation of a cup and handle pattern on the 1-hour chart suggests weakening buyer momentum in the near term.
I anticipate a pullback to 2880.
GOLD (XAUUSD): Bearish Reversal From Trend LineGold has reached a significant daily resistance rising trend line.
Following a strong bullish movement, the market appears to be overbought, and the formation of a cup and handle pattern on the 1-hour chart indicates a weakening in buyer interest in the near future.
I predict a pullback to 2880.
ETH all set for a 20% gain retest back to $3300Signals are currently swinging up to Bullish soon looking at daily charts.
🔹 US spot Ethereum ETFs recently acquired 146,540 ETH worth $420.2 million, indicating robust institutional interest.
🔹 Ethereum boosts efficiency by raising gas limit to 36 million, enhancing speed by 20% and cutting fees.
🔹 B3 launching Ethereum futures enhances trading options for Brazilian cryptocurrency investors.
DOLLAR INDEX (DXY): Bullish Reversal From Trend LineThe dollar index has reached a significant upward trend line.
Following a sharp decline, the market appears to be overbought, with the formation of a cup and handle pattern indicating weakness in seller's activity.
I anticipate a retracement to 108.79.
Time to buy again!BNB is in the ascending phase by the cup and handle.
BNB 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).
Alt season is approaching, so take advantage of this opportunity as much as you can. They want to discourage you and buy your assets at a low price, then sell them back to you at a higher price. Just like in 2022, be patient, alt season is on the way.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!