Bitcoin cup&handle trade for coming weeksBITSTAMP:BTCUSD is painting a nice inner cup&handle, i am expecting to add to my position when the breakout threshold is maintained in the inner cup, overall this is what i am looking in the coming weeks for profit taking or leaving the position run to cup&handle targets.
Cupandhandlebreakout
Cup and handle $USB USB has several things going for it here.
- Big ole cup and handle, we are testing the top of the cup now.
- Handle was a perfect downtrend, we broke above downtrend
- Now consolidating above breakout and just below ATH
- Financial sector has been hot
- If we break above consolidation highs I will enter
ALICE/USDT TRADE SETUP! READY TO GO ATH!Hello everyone, Welcome to this altcoin trade setup. If you didn't follow me yet then hit the follow button now for more latest updates and profitable altcoins setups.
ALICE looks very promising here. Already Broke out from the cup and handle pattern. Buy some here and add more in the dips.
Entry range:- $15-$15.4
Target1:- $16.4
Target2:- $17.6
Target3:- $19.2
Target4:- $22
SL:- $14.2
Buy on spot or you can also use low leverage(2x-4x)
If you like this idea then hit the like button and also share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you!
Bitcoin cup and handle pattern studyOne of the classic price patterns of traders is the Cup and Handle pattern.
This pattern is of particular interest to experienced traders when it appears.
Today, I’m going to apply this special price pattern To the bitcoin chart.
An important Zone that has been playing a major price action manipulation is the :
52800.00
52200.00
The cup of the pattern is a long-lasting price accumulation and recovery period.
The handle may go down till the 40k-38k zone before a bullish continuation back then a breakout and we will see new highs during the Q4, 2021.
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Best Regards, Reda Souhail™
ETH retrace before going up?Looks like ETH has completed the cup pattern and currently forming the handle before breaking up at the neckline around $3980. But in the meantime, looks like it will be retesting the support at $2950 before breaking up. There is also likelihood for ETH to retest $2500 before heading up to break the resistance of $3980 and then to record a new ATH.
Disclaimer:
This is by no means a recommendation to buy. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
a hot cup !if ww have a succecfull breakout from 1.90 , a bullish trend is waiting for us!
Target: 3.37
PAG broke out of a cup and handle pattern!* Strong earnings quarter over quarter
* Strong up trend
* Broke out of a 4 month consolidation
* During the consolidation it formed a cup and handle
* The handle consolidated for 6 weeks before price broke out with higher than average volume
* Pays out dividends with a Payout ratio of 14.50% which means the company has a tonne of room to grow and possibly increase dividends in the future.
Trade Idea:
* The price gaped up with more volume than average.
* This may consolidate above the $93.45 area so look for an entry around there
🔗$Link Big Move Up Soon!?Chainlink ($LINK) is suspected to make a big move upward soon supported by another beautiful cup and handle formation on the daily.
A Golden cross is also occurring and the fact that the MACD shows bright pink histograms signaling a decrease in selling momentum
, which confirms a significant move upward is on the horizon. Conservative Breakout target $52.94
Are you ready #LinkMarines?
Low Risk Cup and Handle Entry on AVYAVY is completing a big cup and handle pattern. Earnings were up 77% last quarter and sales grew by 38%, so the growth is definitely there. The cup depth is only 13%, so my initial target would be around 260.00. But the risk is very low as well. We have a tight handle on the right side of the chart. If the current low holds, you could buy the breakout with just a 3% risk.
SGX: Tianjin ZX Cup & Handle FormationI have no loyalty to any specific market. I only pledge allegiance to the market with high opportunities to make profit. Tianjin ZX looks like completed a cup & handle formation. If it can break 1.10 , based on the depth of the cup, 1.38 could be a possible price objective.
MEDP Cup and Handle BreakoutMedpace Holdings is breaking out of a textbook cup and handle pattern. As you can see in the chart, there were two possible entries on this trade. The first was an early "cheat" entry at 185.00 after the tightening pattern in the middle of the cup. The second and more technically correct entry point is here at 196.00 as MEDP breaches the high of the handle.
The recent surge on high volume is a good sign. It appears that institutions are piling in and the stock is following through nicely into new highs.
Fundamentals are showing tremendous growth as well:
- Earnings Growth Last 4 Qtrs: +54%, +59%, +50%, +66%
- Sales Growth Last 4 Qtrs: +7%, +13%, +13%, +36%
Accelerating sales and earnings growth like this has been found in most of the top performing stocks of the last several decades. I would work a stop beneath the recent swing low at 174.00 to risk 11% on the trade.
$FSR Cup and Handle BreakoutFSR is in uptrend. Stock started trading above 50 EMA recently. Golden cross in mid June. Stock will test next resistance level $21.70. Appears to be cup and handle pattern breakout towards next target $28-29 in long run. EV stocks are trending and this one will get benefit of it. Support is between $17-18.
$OCEAN Cup & Handle formation 1D
OCEAN
1D CHART
Very nice looking Cup & Handle fractal forming on OCEAN.
TARGET PRICE $1.97 although if you are going to set a limit sell then I would set it a little under this, maybe $1.90 in case we don't hit perfectly!
As we are seemingly in the beginning of a nice little alt season, this could well play out nicely 🦾
Breakout expected around the 11th September...
SAFE PLAY
Entry within the box labelled ENTRY ($1.15 - $1.25) - wait until we have breached the neckline and retested before buying in.
AGGRESSIVE PLAY
Buy at any point around this range we are in now ($0.78 - $0.90) and set yourself a stop loss below support which is also marked in the chart ($0.67 - $0.76).
PLEASE NOTE
Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital.
It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this 💫
Trade safe guys,
PumpeyeTheTraderMan & Crypto Society ❤️
ICP big upside potential! = buy while it's timeThis chart really reminds me a lot of the situation at FIL in Feb 2021 ...
ICP showsnice #cupandhandle pattern after (relative) long accumulation! Moreover look at this beautifully increasing bullish volume!!!
This coin can melt our faces...
Small leverage allowed but be careful and use stop loss!!! :-))