CRV-USDT(Cup and Handle Formation)With the Total Value Locked in DEX at record highs (~19.2 Bn), Curve has reserved its second spot in the list with ~$4.8 Bn locked in its protocol.
On a 4 Hour Time Frame, Curve has been forming a Cup and Handle pattern .
Key levels to watch out:-
As depicted in the chart, the resistance is placed at ~$3.3 , Breakout from the pattern may trigger the rally to the level of $4 .
The support to the lower side is placed at $2.9 .
Cupandhandlebreakout
Breakout of Cup and Handle formationThere was a breakout of cup and handle formation. Now it's correcting itself, so there a good opportunity to buy at this level or you can buy after a breakout of previous green candle. Since it has broke the Cup and handle formation with good volume there is a good probability that it will give a good return in coming future. Plus the fundamentals are very strong, accelerating quarterly eps, accelerating annual eps, sales are growing, so i recommend to buy at this level.
Possible C&H on XRPUSDT 1H chartThis is my prediction for XRP. The cup and handle is so far looking pretty good, so keep your eyes peeled for this one. I already missed the breakout leading up to this point so hope i get some gains from this. Not a financial advisor, beginner at this. Comment your thoughts on this below.
SXP - 5$ in the next big wave?Here's a quick look at SXP 4 hr. chart. The price action has been forming a bigger cup & handle, and in time of writing this post, the price is breaking out from the handle. Our first big obstacle will be to get through 3.8$. Keep an eye on this one.
One thing to note here is that the price has been falling as well as the volume - thats a bullish sign.
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BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
SXP Double Cup Pattern PredictionWith the ongoing situation of altseason, I have managed to catch that pennant and cup formations are the most succesful ones in the mid-term investment, right now we have BTC.D Dominance at %61 levels which can be considered as relatively high compared to the bull run in 2017. In case of BTC Dominance to hit 59 levels, Head and Shoulders will be activated with the minimum of 10 points of decrease. So in that case, I am expecting SXP to pump between 5-9$ channel. Well, this case is optimistic one with the rule of ceteris paribus, not a financial advice just for the means of education.
Cosmos ATOM 1D Cup & HandleCOINBASE:ATOMUSD
Exciting times for Atom fans with a potential huge run ahead after completing a near 6 month long cup and handle. $10.18 presents a small challenge but if momentum is swinging it will blow right through. The coin has a strong presence on Coinbase and other big CEX's with in-house staking offered, which will be particularly attractive to new entrants. I can't guess where this lands but I can say it has a smaller circulating supply than UNI and is half the price.
This is not investment advice and trading cryptocurrency is high risk.
XRP Potential Cup and Handle - 1:6 risk:reward hereSpeculating a potential cup and handle play on XRPUSD.
Handle is still forming at this time.
Entries:
1. Enter here for 1:6 risk:reward
2. Safer entry on the retest of breakout from the neckline (yellow)
Stop loss: $0.42 (below the low of handle)
Target 1 (conservative): $0.56
Target 2 (aggressive): $0.65
BTC Inverse Head and Shoulders 1:6 R:R 🚀BTC just broke out of what it seems to be an inverse head and shoulder pattern + a mini cup and handle in the right shoulder - bullish?!
We wanna see it close above the neckline on the 4H to make sure it's not a fake out.
Entries (green arrow)
1. fomo here (small position only)
2. safer entry (retest of neckline breakout): $38700
Target 1: $42k
Target 2: $48k
Stop loss:
buy and sit on your hands or < $37k
Have fun!
Chinese Rare Earth Elements (REE) MinersBull Case on Chinese REE Miners:
Increasing domestic pressure to restrict REE exports from China.
China accounts for 60% of the world's mining of REE, China also accounts for over 80% of the world's REE refining. Refining is environmentally intensive & damaging.
The US & Australia are building out domestic supply chains, but unless they are willing to fight their own environmental regulations to refine what is mined, it still has to be sent to China.
Increasing global demand + restricted supply chains = higher prices = greater profits for Chinese REE miners / refiners (tracked in REMX).
China is bolstering its domestic semiconductor industry due to the restrictions from the US & West, which also require REE; Chinese domestic demand for REE is going to increase to support a domestic semiconductor foundry sector.
Cup & Handle pattern noted.
Activision Blizzard is break out of cup and handle patternNASDAQ:ATVI is breaking out of the monthly cup and handle pattern and is targeting 125$. This is long term trade that requires patience, stop around 68$. I would enter after the stock breaks and close above 90$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!