MONERO Rockets Forward: Bullish Cup and Handle Pattern 🚀 !In the dynamic world of crypto, Monero (XMR) has recently unfolded a powerful chart pattern that has traders buzzing with excitement. The emergence of a Bullish Cup and Handle on the daily timeframe signals the potential for a significant upward move, with a target set at $188.
Chart Analysis: Cup and Handle Unleashed
Bullish Cup and Handle Formation:
Monero has gracefully crafted a classic Cup and Handle pattern on the daily chart.
The Cup and Handle is a potent bullish continuation pattern, suggesting a potential surge in price.
Pattern Breakout:
The Handle portion of the pattern has convincingly broken out, symbolizing a shift in market sentiment.
This breakout has already breached the level of the Handle, setting the stage for a broader upward trajectory.
Anticipated Scenarios: The Journey to $188
Targeting $188:
The Cup and Handle pattern implies a target, and in this case, it points to the ambitious level of $188.
Traders are closely monitoring price action to see if XMR can sustain its upward momentum toward this target.
Strategic Approaches: Riding the Bullish Wave
Entry Strategies:
Traders might consider entry positions based on the breakout, looking for confirmation of the bullish momentum.
Conservative traders could wait for a retest of the breakout level for a more secure entry.
Risk Management:
Setting stop-loss orders strategically is essential to manage risk, especially in volatile markets.
Regularly reassessing the trade in the context of evolving market conditions is a prudent approach.
Conclusion: MONERO's Bullish Symphony
With the Bullish Cup and Handle pattern taking center stage, Monero's chart exudes optimism and potential. As XMR eyes the $188 mark, traders are poised to capitalize on the anticipated bullish surge, making MONERO an asset to watch in the coming trading sessions.
🚀 Cup and Handle Power Unleashed | 📈 Targeting $188 | 🔄 Navigating the Bullish Momentum
❗See related ideas below❗
Share your thoughts on Monero's Cup and Handle pattern and join the conversation on how this development might shape the future of XMR. 💚🌐💚
Cupandhandlepattern
RBLBANK // Ready to Breakout
www.tradingview.com
RBLBANK: After a long consolidation, it has made a Cup & handle pattern which depicts the Bullish Breakout. The Fibonacci Extension as well as Fibonacci Retracement has superimposed and making a confluence to the prediction. If you could see the volume as well on the same Daily timeframe chart, it is continuously increasing everyday which suggest a huge interest in bulls.
The first target will be 280 and the next target will be 300.
$NFLX Inverted Cup And Handle NASDAQ:NFLX I Found a Cup And Handle for you. My 1st target for next week would be 434ish area. Also tomorrows NASDAQ:AVGO ER should have an adverse effect on the market tomorrow along with eco data. It will be an interesting Thurs and Fri
Raising My Targets on Litecoin. New Cup and Handle Spotted.As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target, or targets. I will be raising my targets on Litecoin now due to this new pattern spotted.
Target one will be $89.
Target two will be $96.
This is not fin advice.
Best,
Stewdamus
Cup with handle BO in $NSE:LTNSE:LT
Pattern details:
Up-trend before forming Cup with handle pattern
Cup with ~8% correction and length of cup 22 bars (31 days)
Handle length is 8 bars (13 days) and ~3% correction.
BO Volumes are good
Disc - invested, for educational purposes only
$SPY Bullish Breakout: Cup & Handle Formation on Weekly Chart The AMEX:SPY is exhibiting a compelling technical formation on its weekly chart. A classic cup and handle pattern has emerged, signalling a potential bullish breakout.
The cup and handle pattern observed over the past several months on the AMEX:SPY not only signals a bullish continuation following a period of consolidation but also aligns with the current Stochastic Oscillator readings below 70, emphasizing the potential for upward movement without immediate overextension. This formation, marked by a stabilizing rounding bottom and a subsequent minor pullback, reflects a growing bullish momentum, further reinforced by the Stochastic Oscillator's position, which adds confidence in the face of the ongoing market volatility.
Based on this analysis, a tactical trade can be structured as follows:
Entry Point: Consider entering the trade at the current level, as the price breaks out of the handle.
Stop Loss: To manage risk effectively, set a stop loss at the low of the handle. This placement protects against unforeseen reversals in the pattern.
Take Profit: The take profit target is set at the high of the cup. This offers an attractive near 2:1 profit-to-loss ratio, aligning with sound risk-reward principles.
Risk Management: As always, traders should align this trade with their individual risk tolerance and portfolio strategy.
This analysis presents a bullish case for AMEX:SPY , supported by both pattern recognition and oscillator readings. While the setup is promising, traders are reminded to conduct their analysis and consider market dynamics.
Disclaimer:
This idea is for educational purposes only and should not be taken as financial advice. Trading involves risks, and it is crucial to do your due diligence before making any investment decisions.
GOLD What will happen in the near future!!Gold is Broken large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally.
🤑Stay awesome my friends.
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previous Analysis
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
LONG ETH FOR A TARGET OF $2350!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Quick ETH update.
ETH looks good here. Breaks out the cup and handle pattern in a 4-hour time frame and currently going for a retest of the neckline. You can open long here and add more near the retest of the neckline.
Target:- $2350-$2400
SL:- $2060
Lev:- Use low lev.
If you like this idea then do support it with like and follow.
Thank You!
APTOS/USDT 1D. Cup forming. Phases. Target zones. Time zones.Here's hype Aptos blockchain chart.
When listed, dumped huge by about 71%. Similar as SUI for example now. After that - rocket pump for about 565%, showing "strength" of an instrument.
After that pump, huge cup started to form, which is shown in this idea.
1st phase of this pattern - is descending in the downtrend trend channel. You may also call it ABC correction.
After that, being in this channel - falling wedge started to form, which gave the beginning of the second phase of this big cup potentially(!). From the height price has corrected for about 85% of the impulse to the previously resistance of the local accumulation zone, which was also the first stop during the pump.
We're now being in the second phase of this cup, which is - accumulation. Right now potential horizontal channel is forming. It's worth noting, that this can last for a very long time, so you should notice that.
But, the plus is, that this asset is only the first cycle on market, so due to it, it might move very quickly(volatility), which can be used.
As for now, the price of the Aptos is breaking above the falling wedge and forming potential bull-flag(consolidation in the form of a triangle after an impulse). Hence - if the price breaks above this local triangle - the target zone will be the amount of the previous impulse which is about 82%. I have marked the potential targets zone on chart.
As a bonus, i have also pointed the approximate time zone of each next phase of a cup potentially:
1) 3d phase is rise towards the resistance of the cup, which is firstly 12$ zone, then - 20,4$ zone. This could happen somewhere in the spring 2024(april-june).
2) After that - next phase, which is the 4th one - breakout of cup and rise, which falls approximately on Fall 2024 in the date somewhere of october-november 2024(as altcoins local season right now).
As for now, the price is between 2 zones - support zone, which previously acted as the resistance, and the resistance local zone, which previously acted as support, this two zones form the channel, which the price is currently in right now.
Until we're walking in this channel - we might still see the move somewhere to the middle of the channel or even it's bottom part, to retest the broken falling wedge. Might even be the false breakout downwards if the market sees capitulation at the moment. Yet, it's likely to be bought out quite quickly. As to that matter, you might even use this period(somewhere about january-february potentially), if it will occurs, or just skip it and stay calm(don't react).
If price breaks the resistance - it might move to the next resistance zone, after which it's very likely to see the pullback(mention timezone above), after which rising to the resistance of the cup. In that case - very beautiful cup will be formed, which is very good for the manipulator(people will see that cup). After that, the price might see the movement to somewhere about 60-100$ zone approximately. Better make the update later with the clear targets. But those are the approximate milestones of this cup.
The volume is now seeing the compression, which can be observed on the volume indicator.
Awaiting BO of Cup with handle in $NSE:EQUITASBNKNSE:EQUITASBNK
Pattern details:
NSE:EQUITASBNK was in a up-trend before forming Cup with handle pattern
Cup with ~19% correction and length of cup 14 bars (98 days)
Handle formation is in progress. It is 8 bars (13 days) long and has done ~10% correction. Handle's correction is deeper than expected.
Awaiting pattern BO (hopefully with good volumes)
Disc - invested, for educational purposes only.
CRWD - US cybersecurity play If this market will find traction and have a follow-through day, I will bet on CRWD being one of the next up-cycle leaders.
IBD 94 Relative strength and 99 Composite and EPS ratings are markers of a superb company. The industry group is 35 out of 197. High double and triple quarter earnings growth and stable 40+ sales growth for 3 qrts in a row; with stable 35+ ROE; Up/Down volume of 1.5; double digits analyst estimates of 24/25 EPS growth and increasing number of institution last qrt... all these make me call this stock a perspective leader.
From the technical perspective, notice how well the stock price holds and builds the high-handle close to 2023 highs, while general index (line above) is in a downward momentum being almost 10% of the highs. Unfilled gap-up on 31Aug (green circle) is also a sign of strength to me.
I want the price to subside more in volatility to the right side of the handle, creating a tight 3-4% risk pivot and maybe an inside day before breaking out above 172 pivot. That would signal and ideal entry point for my strategy with very tight risk. Although if price decides not to wait and will proceed with definite move above 172 pivot with supportive volume and will be hesitant to buy/add to the position, expecting the price to move to next resistance 194-206 target area.
Trading thesis is wrong if price moves bellow: 157 area
FSL - Cup & HandleViews are only for educational purpose and for my own learning:
Stock Name : First Solution Limited (FSL)
CMP: 170
Pattern: Cup & Handle
Looks good above 176
Nearby Resistance : 235-248
ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important ETH update.
Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price.
On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH.
So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600)
What do you think about this? Share your thoughts in the comments section.
if you like this idea then do support it with like and follow.
Thank You!
🔥 FETCH.AI [FET] Massive Cup & Handle PatternFET has been forming a huge cup &handle pattern over the last 1.5 years. With FET's most recent bullish impulse, it's a matter of time before we can see the final break out through the top resistance.
Cup & handle patterns are often patterns that precede huge volatile moves, so wouldn't be surprised if FET will make new all-time highs this year, especially with AI being "cool" again like at the start of the year.
Long-term target at 3$, stop below a short-term swing low.
Looks like a Cup and Handle cause it came to me in a visionPampeet! The decentralized GPU for everyone is amazing!
Break-out on cards and 18% rally for PRISM JOHNSON?There are three bullish confluences that you can see on this chart.
1.According to Elliot wave model the stock is taking off in wave III of 3.
2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.)
3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.))
The stock can give a swift move once it decisively closes above 150 mark.
Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
EURGBP in 4h timeframeafter cup and handle pattern in daily timeframe we have trend line in 4h that breaked out from it and ready for long position with good risk to reward(at least 3)
i puting daily timeframe screenshot in below
Electronics Mart has Cup and Handle pattern by William O'neilStock has made breakout from cup and handle pattern which didn't retrace more than 0.382 Fibonacci of previous rally. This pattern was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
Electronics Mart has a potential to 2-3x from here onwards as sales were also good in recent quarter. Entry 227 with small stop at gap near 207/190 as per your risk capacity.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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GTA VI Effect?Take Two Interactive, while on the downward sloping trend has formed a cup & handle pattern and successfully managed to break out of the range. The arrival of next Grand Theft Auto series is likely to push the stock up as it is likely to be one of the best selling titles in the gaming industry.
The stock has many supporting reasons to drive its price higher as we may see the continuation of GTA Online (for both V & VI) which has been a massive success amongst the community and also for Rockstar as it has helped generate regular income from its business model. Other than being the best GTA ever, it will incorporate features from other successful titles such as Red Dead Redemption 2, which arguably had better graphics than GTA V & all other games from the parent company in the past. We may also see Rockstar borrowing elements from RDR 2 like character physics & animals such as horses which have never been present in GTA before. This will be biggest & best release ever from the GTA series unlike Apple claiming their Iphone to be which is merely different from its previous iterations.
Moreover, the stock is down from its all time high and thus we can expect to see it breaking its previous highs with the next GTA on its cards. The stock looks good for a long term holding as Rockstar has high estimates from its upcoming titles in 2024-25 and none other than next GTA can achieve this level of sales. Rockstar has other upcoming titles too in the pipeline that may contribute to their success in the future.
PolkaDOT cup and HQuick idea GOOD or BAD we will know soon!
NOT INVESTMENT ADVICE!!! IT CAN GO TO ZERO!
NTDOY - Weekly Cup & Handle I've been tracking this Cup & Handle Pattern on NTDOY for the past few months now. It was respected recently on a weekly timeframe when it tested the $10.03 Support Level. It appears that we are Bull Flagging as we speak, and on another level for the next leg up. If the Cup and Handle successfully closes above $15/16$ on a weekly candlestick. I truthfully believe that we could see anywhere from $20/$25/$30 All-Time Highs.
With the news of the new Zelda Movie releasing, as well as a new Nintendo Game Consol (Switch 2 Possibly?), the fundamentals are lining up with the Technical Analysis thats been done.
SPX cup and handle pattern. Price target $6,158.It appears to me that the SPX has formed a cup and handle pattern with a measured price target of $6,158.2. It will be interesting to see how this plays out. This is not financial advice, nor is it for your educational purposes. I am simply sharing my ideas to preserve them for myself and get feedback from others.
