Handle
BTC/USD – Cup and Handle Formation with Major Breakout PotentialBitcoin is showing a classic Cup and Handle formation on the daily chart, a bullish continuation pattern. After the completion of the cup, Bitcoin has formed a downward sloping handle, which suggests the market is consolidating before a potential breakout.
Using technical analysis, the projected target after the breakout is around $112,000 , based on the height of the cup added to the breakout point.
The breakout from the handle is expected to push BTC beyond the $70,000 range, aiming for the next significant resistance levels. As we wait for confirmation, a close above the handle's trendline would signal the start of a new bullish phase for Bitcoin.
This setup follows the historical price pattern and could be a long-term opportunity for traders and investors watching BTC/USD.
SIZZLING-YINN-HANDLE!!!! There's been a global paradigm shift As Biden's re-election prospects diminish and recent events are raising concerns. While US and Europe valuations are within fair value range based on forward P/E ratios the tremendous laggard China has turned its corner in cracking the chip after Pres Xi spent about $2T equivalent in US dollar that is a lot but at least he accomplished what he intended when he came in office and announced the "common prosperity initiative" to solve demographic generational chasm from the one child policy before and thee are not enough producers to support the rest and to solve this make home affordable again as children live with their parents until age 55 on average and this is not ideal for starting a family they need their own home. Well fold housing down 95% mission accomplished lol Tech Sector crackdown and sanctions on top of a strong US dollar also beat down China tech index clubbed like a baby seal down 75% . many have contemplated is China investable. We ladies and gentlemen. Bottom Line = YES! .........PLAY BALL!
Notice: Think for yourself before comparing your analysis. Past does not equal future, same goes with price discovery. Leverage ETF products have additional risks and design for short term trading and speculation and someone who has a system with automations and watching the Bloomberg. This is not intended to be a recommendation in absolute. If you do not fully understand please consult an advisor, make sure you have adequate cash reserve and can afford to lose as invest like this leverage 3x so that is a notional value of 300% of a potential 25%83=74% in one handle (move). Remember to cut your losses because it takes a 100% return to break even from a 50% loss. I would expect this trade to take 2 weeks to mature but could take a month and it may be down at first, but the paradigm has changed, and this is the trade for now.
CUP n HANDLE An illustration of Cup and Handle pattern
First look for an initial uptrend of the stock
Later a small pull back
And later reversal of the pull back ....
Breakout of the highest point of the pull back
At retest , look for reversal candles like doji.... Look for tight price action
Enter the trade just above the high of the candle with stop loss below the lowest low of the candles
RMD Long off Cup and Handle The white dotted line represents the Stocks average up trend, you can see the stock has squeezed down into an equal triangle (nor bullish or bearish) and looks bullish with that cup and handle right into the bottom. Looking for a safe gain to major resistance at $34.18 Daily RSI shows above 50 after a reset.
🔥 Bitcoin Looking Very Bullish: Cup & Handle Bitcoin has been performing extremely well over the last two weeks.
In previous analyses I wrote that I expected the ETF to be a longer-term top. We dropped over 20%, but I expected we would drop to the 35k-30k area. Yet here we are, retesting the pre-ETF launch resistance merely a month later.
As of now, it's more likely than not that BTC will make new highs in the near future. Price action is strong, and so is the stock market. However, there's a minor risk in the very near future, which is the very overbought RSI.
With a 4H RSI at 83 points, it makes it risky to step into a short-term long position at the moment. I'm expecting the price to correct a couple of percent to let the RSI cool down a bit.
This would be a great entry for a longer-term swing position, since there's a high probability that BTC will break through 50k with force on the next leg up, creating a nice cup & handle pattern.
TEZOS FORMING A POSSIBLE CUP AND HANDLEIn this chart of BINANCE:XTZUSDT , the coin is forming a possible cup and handle formation,
a bullish pattern in trading. In this idea, I will provide some keys and strategies in trading at this stage. So, stay tuned for the updeates on the idea threads below.
Happy trading and may all of us more profitable this 2024!
UNFI ON PACE OF A BULLISH MOVEIn this chart of BINANCE:UNFIUSDT , the coin is forming a possible inverse head and shoulders pattern as presented on the thumbnail.
It could also form a cup and handle due to slight inclarity of the head and shoulders.
But both patterns citing a possible BULLISH movement for the price of $BINANCE:UNFIUSDT.
On a daily perspective, the price has reached a critical Fibonacci area of $9.164 as shown in the chart below.
Will update the target areas for a possible break plays below. For now I'm waiting for a breakout that could be (hoping) just hours from now :)
Always PLAN your trades and happy trading!
Cup n' HandleUnconfirmed cup n' handle pattern on the 1h chart for BINANCE:HBARBTC
What is confirmed?
- We have a cup
- We have a handle
- We broke above the handle and have held above it
- We've held above highs near the early formation of the left side of the cup
What's required to complete confirmation?
- Break and hold above the red line at 256 (252 was the highest close on the left side)
Target?
- 320 sats as an aggressive first target is displayed on the chart
- aggressive because it's measured from the cup shape and its wick lows rather than the candle close lows to cup top
- A more conservative target would be around 300, which may also act as a psychological resistance
My nice graphic got messed up when posting, so here it is again:
Notes:
- I also prefer to see it remain above 233, and it needs to get back above 246
- Links to related higher timeframe ideas for HBAR are linked below
- Cup top is the top of a current resistance area as seen on this other chart
Bowl pattern breakout
Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India.
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a Star Export House.
Why this stock at trending reason below
Why is there a rice shortage? Bad weather in rice-producing regions around the world led to a drop in rice production in 2022. In 2022, parts of China known for producing rice were hit by devastating flash floods. At the same time, different parts of China that also produce rice were impacted by severe drought.
1000cr+ market cap company
PE ratio 9.03 industrial PE 39.9 (low PE value)
20+ both ROE & ROCE
EPS 22.8
Debt to equity ratio 0.2
PEG RATIO 0.38
Quick ratio 1.65
Current ratio 4.27
Fundamental is strong
Technical analysis
Life time high level treading
2year required complete Bowl pattern and breakout at level 150-155 level sentimental resistance of 150 breakout out now create one Bowl at level of 200 breakout locking take new high of 280+ keeping stop loss of 160 below get target of 280+
🔥 Bitcoin Bullish Cup & Handle Pattern: Wait For Confirmation!BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards.
Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade.
Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.
🔥 Bitcoin Cup & Handle: Patience For Break Out ☕BTC has been forming a cup & handle pattern over the last couple of days. Note that the pattern is not finished yet, so we can't be certain whether it's really a cup & handle, but we can at least prepare for it.
I'm waiting for BTC to break through the top yellow resistance area. A break out through there will confirm the pattern and will likely result in a bullish break out.
31k is my short-term target. Patience is key.
XAUUSD TripleMonthly Technical AnalysisXAUUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Cup and Handle, TrendLines - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
DX1! Weekly Technical AnalysisDX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.