Handle
XRP should reach $2 sometime in JuneI'm thinking it will breakout of this triangle then that will send it up high enough to break the inner cup and handle which will send it up high enough to trigger the big cup and handle which should take ripple to $2 sometime in June. For now I like the mantra of "To the Moon in June!"
Steem possible cup & handle formationHello all, after 2 weeks of holidays in back in the crypto world!
Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible.
On the daily chart supports match well with the fibonacci retracement, the price actually sit on a 4hr support and seems to consolidate but could briefly touch the next stronger support around 3500sat, could also be the end of C leg and the 0.618fib
On the H4 timeline the falling wedge is squeezing but is also visible a small hidden bearish RSI divergence, this could shortly lead right in the daily support I mentioned before.
Next hours should tell us more information, watch out the price for a possible reversal signal!
EOS/BTC: Cup & Handle finished, impulse waves to profit next!The chart of EOS is looking beautiful. I noticed a *long long long* cup and handle which EOS formed. IF this is a cup and handle which played out, impulse waves to new higher highs & beyond are next. With the upcoming mainnet release of EOS and all the airdrops that come with it, I wouldn't be surprised if we smash the previous ATH.
The lowest low of the handle is supported by 1 longterm support, a fib line and the downward trendline of the Handle. These big supports are the reason I think EOS completed the Handle and is now up for big gains!
Trade with caution! BTC is very shake and is currently at around 8600, but COULD drop below 8k (which I think won't happen anymore, but I am just an amateur TA :), so take my words with a big bag of salt).
Doge Looking For BreakoutDoge has formed a perfect cup and handle pattern over the past few months. I originally predicted the bottom of the handle to be around 54 sats. With the BTC crash, we fell a little through that, and are now sitting around 52 sats.
The 4h MACD is about to form a bullish cross. The RSI has bounced off the oversold line, and is forming a very clear bullish divergence over the past week. The MACD is also showing a clear, but more subtle bullish divergence. We have just had a bullish cross on the Stoch RSI earlier this morning. All these signs are pointing to a reversal in the price and that the bottom could be (more or less, within a few sats) reached.
If you want to play it safe, you could wait for a confirmed breakout above the blue neckline. I have also outlined a few key resistances that should act as price targets. Currently, the neckline is around 74 sats, putting us at 42% increase from the current price.
*my opinion - not financial advice*
BTC creates a lower low; still forming handle.I exited my position once we dipped below $8790. At that point a lower low had been achieved on the 4hr chart which almost always tends to be just the beginning of further downside. However we are now in oversold conditions on the rsi and the stoch rsis buy signal line is finally curving back towards the upside. We also seem to have a decent sized support buy wall waiting at $8500...because of these support indicators there is a chance we may see a little bit of a bounce at 8500 however i think this will probably only be enough of a bounce to reach the top trendline of the handle before it bounces back downward and sees an even further dip. I believe the downside will continue until btc is finished forming the cup handle and since we've only just now formed a lower lower on the 4 hour chart I anticipate the handle will likely be much deeper than this. Of course I will always be prepared for the exact opposite outcome as well. I hope all reading prepare themselves for opposite outcomes as well.
2 potential cup and handle possibilities for ripple.I think the bigger cup is more probable but they could both be valid. Then again always keep in mind they could both fail, with btc being so volatile lately and most alts movements still in lock step with btc.
Double Bottom for the BREAKOUT of Cup & Handle!?BNBBTC forming Cup and Handle for a long time. We are seeing some really nice Cup and this potential Double Bottom can be our Handle. Double Bottom to the pattern line of Cup and Handle and then a breakout. This is what I see. What do u think guys?
IOTA/BTC Mid-Term - Cup and Handle IOTA had a very good time in the last few weeks, but is this bullish trend going to continue?
In this chart I just showed the trend movement, channels, and the possibility of having a Cup and handle in the next few weeks.
The Coin is OVERBOUGHT, yet that does not mean it won't go up again. It is more likely to have a correction in the next couple of weeks, which is the best time to go long!
Watch the trend, and do your research before any investment.
Litecoin triggers smaller cup and handle.Still a slight bit of room left on the stochrsi to climb a little further but not much. The top of the vertical green line is a good spot to start laddering out profits.
Nano breaks current hypothetical neckline of cup&handle patternShould see twice the bullish climb we already have on nano if it has brroken the real neckline of the cup, if not the real neckline may be where the horizontal purple dotted line indicates.
Ethereum dominating over btc may have triggered c&hThe price action on ETH vs BTC has broken the hypothetical neckline on ethereums cup and handle and we have seen a nice bullish spike up because of it...however there were other higher candle bullwicks to the left of our rojected cup which means if the price action stops here at the same height as those bullwicks and turns back downward that this is the rea neckline height of the cup and we will likey start making the real handle from here...if we continue upward however then the real neckline is already in and the pattern has already been triggered...if we turn back downward and start forming a new handle it may be wise to short until the handle reaches its apex. For now though a potential triggering of ether's cup and handle pattern is very much in play.
ONT triggers cup and handle inside ascending triangle bull flaghit in between the bull flag target and the mini cup and handle target...more upside potentially likely.
Siacoins successful cup & handle break is back for a sequel Siacoin is one of the select few alts whose cup and handle pattern has already successfully triggered without being a fakeout. It may not have reached the full projected breakout target yet but that's because on the way there it started forming another cup and handle around the smaller cup and handle. This is much like a cup and handle fakeout can do at first..however siacoin was not a fakeout as you can see by the large surge of bull volume right when it broke the original neckline. Siacoin is already showing you its plans for a sequel before it's original blockbuster has even left the theatres. Keep an eye on siacoin because it looks like it may be done forming its bigger cups handle...there is increased likihood that this bigger cup might not trigger since it already had one succesful cup but worth paying attention to none the less because double cup and handles can exist both in this fashion when it's a c&h inside a bigger c&h or when the cup of a smaller cup and handle is the handle of the bigger cup.
Vechains successful cup & handle still playing out nicelyOne of the select few who actually broke out along with Siacoin and Tron so far. It is taking its time casual to hit its projected targets but getting there none the less.
Ethereum potentially reach neckline of its cup and handle.Keep in mind to the left of the cups left side of its rim is a higher candle wick which could potentially be the real rim of the cup and the cup could be deeper and have yet to have formed its rim...We will know whether or not the current neckline is the real neckline of ethereum's cup when we see large bull volume after we break the neckline within the first 3 consecutive 4hr candle closes above it. If not we have most likely not formed our cup yet and have will thus more dipping to so
Digibyte getting awfully close to breaking neckline.Get entry point on digibyte most likely...keep in mind that there is a higher peak to the left of the cup where a deeper cups rim could form should breaking this neckline fail to initiate a big surge of bullish voluem. That would mean we would then still need to form a handle. If this is the real rim line you will know withing 2-3 4hr candlees closing above it from a big momentum surge.
Stratis potentially breaking upward from Cup and HandleLooking to the left of the cup we can't see any obvious higher points where a deeper cup could forms o there's good chances this is a legitimate cup and handle breakout...we will have to see how it behaves in the enxt couple 4hr candles to be sure but now is still a good entry point...especially if it's valid...if not you will be able to tell relatively soon by lack of a bullish volume boost over the next 2 hr candles...at that point it may still be forming the cup but jusging by the left side of this cup it's unlikely that the cup hasn't already been formed.
Cup & Handle Season: How to Spot an Invalid Cup&Handle BreakoutIt's Cup & Handle Season! There have been multiple cup and handles that have formed all around the altcoin market recently in what I am going to dub as cup and handle season. I'm out hunting for valid cup and handles and while most of them this time around seems like they will eventually be validated....it is easy to get faked out by these patterns and think the top of the cup and even the handle has already formed when in reality the cup is deeper than you originally thought and the handle has not yet occurred. I'm using Cardano as the main example here because it illustrates this fake out quite well. There ahave been a few more of these type of fakeouts around the altcoin market and I will also be posting snapshots of those as well. As you can see here, the inner cup and handle was not the valid cup and handle and where we thought it had broken the neckline a few things occurred at that point that signaled to us that it actually hadn't broken the neckline. First and foremost we didn't get a huge boost of bull volume that needs to accompany such a breakout in order for it to be valid. This volume boost should occur after 3 consecutive 4hr candle closes above the rims neckline. 2nd, we got nowhere near the top of the dotted projected price target line, and 3rd where we turned around and the price started falling back down there was a candle tip on the left side of the cup that we could connect a horizontal trendline to and form a new higher neckline of our cup making the cup deeper and the projected price target breakout higher. You always want to consider on the left side of your cup, when charting your cup and handle, whether or not there are any potential candle tips above where you are charting that could eventually be the real rimline of the cup, and keep those in mind if these kind of fake breakouts occur so you know exactly where to readjust your top trendline. Anytime you see these potential higher spots on the left side of the cup it's always wise to have a good temporary exit strategy because once you readjust the line to fit the higher candle tip on the left, you want to do it right around the time that the top of the cup has just finished forming, that way you know you can short and that some dipping in price will have to ensue in order for the handle to form, because since the new top of the cup has just been found the handle has actually not formed yet. The 2 best places to enter a position during the formation of the handle are 1. at the bottom of the handle which is usually going to be around about half the price of whatever the projected breakout price target will be, or 2. right after it breaks upward out of the handle and starts heading towards the neckline. When trying to guess where the bottom of the handle will be, keep in mind that valid cup and handle patterns handles do not dip further down than half the size of the cup, also let a few candles on the handle develop first to get an idea of the trajectory its following...once you have that take those trendlines to about half the cup and handles breakout price target is set at and odds are good you will be able to buy in very close to the bottom of the handle for optimal profits. Waiting till it breaks out of the handle is also a good strategy as well because, you don't have to spend as much time in the consolidation period as buying at the bottom of the handle which can leave you waiting quite awhile for the handles breakout to occur sometimes. The good thing about these fakeouts, is you can still make profit on them during the fakeout, and if you know what to look for you can then turn around and exit those positions until the bottom of the real handle and then continue to make profit on them. This fake out can happen multiple times on one cup as well. ..but if you know what to look for you'll be prepared & only make profits off both the fakeouts & the real breakout. Thanks for reading and good luck!
Bullish Ascending TriangleWe are forming bullish Ascending Triangle.
I'm expecting bounce up from RSI 42 lvl, because in past this lvl has been a very strong support for BNB.
Stoch RSI is oversold so with movement price up we will have bullish crossover.
Also we are in the channel of handle. U can see my chart about CUp and Handle from 15. April:
Good Incline and then Gradual declineHey guys, I'm pretty new here, so please take what I say with a grain of salt.
I propose that Bitcoin is making a very large cup and handle, with it's current rate of rising and looking at the past performance. We can see that BTC will go upwards 10k+ and then bounce off the resistance and slowly decline, possibly down to the middle portion of the cup.
