Cupandhandlebreakout
$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!!! :-))
$GXY possibly confirming a Cup & Handle pattern on the weekly.Looking in depth at $GXY we can see this week's candle is potentially confirming a bullish move upwards as it shows signs of a successful Cup & Handle pattern. Tomorrow will tell.
Other indicators to consider are the cross of the MACD. If the cross occurs on Friday then I'm 99% sure this will be a great long. However if not, it's up in the air whether next week will be red or green. Either way, I'm still bullish for the year.
Brad's Confidence Meter: ★★★★☆
Buy order: $3.80
Stop loss: $3.41 (-10.26%)
Take profit : $5.60 (+47.37%)
Risk to Reward Ratio: 4.62
Not financial advice. Be safe and good luck!
Dabur India limitedCup and Handle pattern in Dabur India limited.
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. - "Investopedia"
Mp MaterialsIn this chart you can clearly see the trading range MP is oscillating in. Once we are breaking above the Fib 0.5 with a closed daily candle above it's a confirmation of the completion of the C&H and a clear break out. And from there I would scale in more for a long position. If earnings are okay, we stay within the pink line and oscillate as this is the new channel.
I
CDEV: Cup and Handle Breakout ConfirmedNASDAQ:CDEV
This is not financial advice. Just a swing at charting and ideas.
On 4/28, we see the right of the cup. The handle leveled off over the next seven days. Following CDEV's after-market earnings report, on 5/5 the volume spiked and there was a $0.61 gain from previous close price to a high of $4.86.
Price target is $5.50.
If the bullish trend continues we could see another cup formation. Considering the spread of the prior advance (Nov 2020-Mar 2021), the pullback and subsequent rise of the new cup; these are healthy indicators priming CDEV to retest the previous high of $6.24.