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Cupandhandlebreakout

LUNA/USDT Trade Set Up After my original trade set up at $44 off of the PCZ of the Bullish Bat Pattern i had a 3rd target of $100. Profit took (120% up in 2 weeks) and exited at $100 before it went to All Time Highs at $104 and reversing! After re analysing the chart i noticed the cup and handle structure forming on the daily chart. I also noticed more significantly the ABCD structure from the lowest low of this rally to a 1.618 extension would have took overall to $140. Although this asset had just increased 120% in 2 weeks which i was lucky enough to ride up i started to think yes this was definitely a level to take profit at the top of the harmonic but then again traders that were in this position and at this time with market conditions starting to turn around and the macro looking bullish again that it would have been prudent to start using those fib extensions rather than exiting. I also found an edge on the LUNA/BTC chart which has only ever made higher highs and higher lows! i would recommend anyone to check that chart out for a beautiful example of an amazing uptrend. So I created a new trade up at $93.37 entry and a stop loss of $87.20 we actually went down to $89 before my argument started to play out and we didn't get stopped out! Targets where very easy to place and fit perfectly in numerical order at $120, $140, $160 and a swing for the fence target of $200 my reasoning = $120 is the 1.272 Fib extension $140 is the 1.618 Fib extension and pattern completion of the ABCD structure $160 is the major move of the Cup and Handle structure $200 is really a swing for the fence aggresive target of the 2.618 Fib extension because if any asset makes a 'crypto move' to the 2.618 Fib this run would more than likely be this No.1 out-performer of an asset LUNA (previously private trade set up) 1st target hit!
Long
by jedtexas
3
REEFUSDT is creating a cup and handleThe price is testing important support on the daily timeframe on 0.008$. On the 4h timeframe the price got liquidity from 0.786-0.886 Fibonacci level and retest again the daily resistance on 0.0096. Now the price is going to create a cup and handle patter, the price is testing the 0.618 Fibonacci level after the election from the daily resistance and dynamic 4h resistance. How to approach? The price needs to have a breakout from the resistance and retest the previous daily resistance as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
RLong
by InkyGrip
6
VLXUSDT is testing the 4h resistance after the cup and handleThe price created a double bottom on the weekly structure on the 0.20$. As you can see from the upper chart, the price had a breakout from the dynamic daily resistance and now the market it's testing the 0.382 Fibonacci resistance after the green candles series. on the 4h timeframe the price created a cup and handle pattern and the market had the breakout from its neckline. How to approach? The price could have a breakout from the 4h resistance (0.2530$) or gets the liquidity from the previous resistance now new support. So, if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
VLong
by InkyGrip
8
$SD recovering from pullback and forming a cup and handle!* Great earnings in the recent quarters * Strong up trend in recent history * Breaking out of a 6 month base * Sector: Energy - Oil & Gas E&P * Relative Strength vs. Sector: 1.07 * Relative Strength vs. SP500: 11.5 * U/D Ratio: 1.33 * Base Depth: 51.12% * Distance from breakout buy point: 1.49% * Volume 28.83% above its 15 day average Trade Idea: * You can enter now as the price is still close to the broken resistance. * The target of 2.5 to 1 is close enough to reach * If you're looking for a better entry you can look for one around the $14.22 area and manage risk accordingly.
NYSE:SDLong
by HaseebKhan_90
$WY ready to head higher after breaking a 9 month base?* Good earnings * Strong up trend * High 3-month relative strength of 2 in the Real Estate sector * U/D ratio of 1.16, meaning it's under accumulation * Trading with higher than average volume * Breaking out of a 9 month saucer with handle pattern with a base depth of ~29.39% and a handle depth of ~11% Trade Idea: * Now's a great time to enter this stock as it's just breaking out of its 9 month basing pattern * The price is still very close to the broken level giving you a nice risk to reward ratio * If you're looking for a better entry you may look for one around the $41.16 area
NYSE:WYLong
by HaseebKhan_90
AFFLE INDIA CUP AND HANDLE TRADE 🎯40% NSE:AFFLE broke out of a cup and handle pattern and gave a retest. Price made a green candle and is back to breakout levels. Bullish signs: Strong uptrend before this consolidation. Recent support from 30 week EMA Heavy volumes on buy side. Red candles are of low volumes. Hit all time high on breakout. One can enter entire position at break of yesterday's high. Targets: 1500/1600/1900 Place sl below 1120 1:3 HRHRHP trade Position size accordingly. HAPPY TRADING!
NSE:AFFLELong
by PriceActionSpotter
$MATX breaking out of a base on base pattern!* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and handle pattern * And is now breaking out with tonnes of volume. Warning: * Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize. Trade Idea: * Now's a great time to enter since the price is really close to the broken level. * If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area. * Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
NYSE:MATXLong
by HaseebKhan_90