[ETP] Short term short, long term long! Cup and handle formationETP just hit the resistance line of the channel and is about to form the handle part of the cup and handle formation.
Handle
Long, Long , Long :)We can see a CUP & Handle Pattern //
This is on small scale // 1 hour chart
/TARGET : 1.618 from previous resistance // support
Will update later on till we see how whole market in general play out //
Good luck .
Cup and handle tries to break through channel wall but failsJust a temporary short for the next couple 4 hour candles...only because the last 4 hour candle finished as a bearish engulfing candle...As you can see that channel trendline is a line of extreme resistance...the cp and handle has yet to hit its target price because of it...it will likely retest the channel trendline a couple more tiems and then eventually bounce through but we could dip down into the 10350 region potentially before we see it rally enough momentum to do so...keep a close eye on the epth chart determine the best places to sell and rebuy/ I'm long in the long term but in the very short term..short.
BTC may be trying to form a cup and handle on the 4 hourThanks to the sudden burst from the bulls a cup and handle pattern is currently in play...which is just the type of thing we would need to be able to break above the descending grend channel top trendline which is necessary to break the neckline of the inverted head and shoulder pattern....We shall know if we have a cup and handle pattern on our hands within the next 8 hours.
LINK forming textbook example of cup and handle pattern$LINK is forming a textbook example of a cup and handle pattern. Volume increased near the bottom, handle didn't retrace more than 50%, and we're getting a spike in volume near the breakout point of the handle. I expect some long term gains
Link itself is a awesome project with a great vision.
Strategy:
Buy below 0.0007
Sell at:
0.00098 (We're going to blast trough this one, so only sell at this point if you're a very active trader)
Rebuy at:
0.00075
Sell at
update will follow
OMISEGO/BTC Forecast [Possible Cup&Handle Formations]- 1/27/18Forecast for Omisego
- RSI @ 49 currently, neutral as it is neither overbought or oversold, if RSI continues downward towards 30, OMG becomes more oversold and more bullish.
- MACD's last cross was January 17th, expect it to cross again in the very near future (maybe a week or two). Expect price breakout to be bullish.
- Bolling Bands are clearly narrowing, indicating a temporary trend has formed and may continue sideways. Once Bollinger Bands begin to widen again, we can expect a breakout, most likely a bullish one.
Charted two Cup&Handle formations, would love to hear everyone else's thoughts on them!!
Green Cup (longer, bigger cup trend) shows a possible cup formation in progress. If current trends can pick up and hit the 0.786 Fib Retracement level, we can expect a quick and temporary dip (known as the Handle) before further explosive breakout.
The 2nd Cup formation (the blue Cup), is also another possible Cup&Handle formation, this time, the Cup has already formed and we are just waiting on the Handle to complete its formation. If Handle completes, expect bullish momentum, possibly bringing us up to the 0.786 Fib Retracement level and maybe even finishing the 1st larger, green Cup?!!???
- We can also see that the 2nd,
smaller, blue Cup has a Handle the
seems to be forming a Falling
Wedge, which also indicates
upwards price movements once a
breakout occurs.
Also have a Symmetrical Triangle (black dotted lines, passing through the 2nd, smaller, blue Handle). This can also give us an indication of possible future trends from which ever way the breakout starts.
Support level has been drawn out, might seem sort of high, in any case, it is probably a good idea to have more than one support level drawn out.
Cheers!!
ETH/BTC Cup and handle formationHere we have ETH/BTC on the daily candle chart. What I attempted to indicate here is the formation of the cup and handle formation. I believe the strong psychological resistance at .1 will cause the price to pull back, forming the "handle" and this could indicate a bullish continuation.
EOS Cup&Handle - 1/19/18EOS
RSI @ 75.4, indicating oversold territory.
MACD remain narrow, indicating a breakout.
Bollinger Bands have widened, but look to be narrowing as a breakout becomes more likely during the formation of the handle.
Cup and Handle formation assumes Bullish movements ahead, we will likely see a retrace during the formation of the handle, only to follow a bullish breakout into all time high territories.
Your thoughts??
$VIBE cup and handle forming?Looks like VIBE is forming a VERY clean cup and handle. Should see confirmation by tonight.
BCD/BTC Dream or possible cup forming ..? +350% IF....It's just an idea of possible cup and handle BINANCE:BCDBTC . Price can continue to go down or can stay at this price range.. Again one more time it's just an IDEA not a sure analysis..
But i think we are at the end of BCD correction (but Global crypto correction is not finish) and the big sell wall have been completed so why not.. if we have a good volume in the next day it can be possible but anyway don't sell your Bitcoin diamond and hold it.
[BAT/BTC] Cup & Handle formation! Big returns!!Hello traders!!
Here we have a nice and cup & handle that been forming for the past couple of months!
**This trade is similar to EOS!! Check my recent EOS post :)
As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
You wait,
you WIN!
[EOS/BTC] Cup and Handle formation!?Hello traders! Here we have , looking at it from a has been forming a 4H chart you can see a large CUP AND HANDLE over the past couple months. As outlined on the chart your buy point should be %5 above ideal point. If trade doesnt go as planned, there's 2 possible targets as shown on graph.
As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
VIB *LONG* Possible Cup and Handle Formation Obviously the handle formation is a bit exaggerated by the recent BTC run, but we have the makings of a cup and handle formation.
RSI and Macd provide possible confirmation of possible reversal.
Pending orders will want to be placed at a break of the neckline indicated in red. First target noted by green line.
Market is very fickle right now, so take profits when they are presented or just buy and hold!
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern.
Indicators like RSI are also bullish.
Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead.
I would recommend this call as a long term trade
TRXBTC - Cup and Handle (LONG)It appears that TRX is in the process of forming the "handle" after a "cup" that's been formed from over a decently long period of time.
Given the apparent consistency with the normal characteristics of this charting pattern, I would recommend those who are looking to place long positions on TRX to wait until we hit the bottom of the handle formation, which I expect to be as low as 387 satoshis (previous resistance became new support).
Happy trading!
DGB This may be the BEST Cup & Handle you wil experience in 2018This may be the BEST Cup & Handle you will experience in 2018. The consolidation for DGB has gone on for months and we are entering a NEW "super cycle" I believe we are at the breakout stage and this could go parabolic any moment. 2 billion market cap in Jan 2018 if this is anything like the June 2017 run to 2500 plus SATS
Golden Cashening Watch BTG BCH BTCTHIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
I am a holder of bchusd and btgusd I have jettisoned all my btc...
I chuckle when I see the 'camps' of bch (minority) versus btc (majority) versus btg (tumbleweed) holders
Also at day and swing traders and various parties with skin in the game pontificating and waxing lyrical
And waning lyrical!!!
What will be will be...
And whilst I'm not a chartist, the charts to me are telling all...
Forget about the FUD and your greed...
Just look at the 3 month charts...
As per O'Neil, the bchusd and btgusd charts are forming massive cup and handles surely?!?
As such I think we have around 2 weeks before the handle finished forming...
Timed perfectly to coincide with CME futures on btc and other news?!?
Timed perfectly to coincided with btc 20k territory?!?
Let's see
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
CUPS AND HANDLES AS PER O'NEIL AND
stockcharts.com
Cup: “U” shaped CHECK
Cup should usually retrace 1/3 or less of the previous advance (could retrace upto half though) CHECK
Handle: final consolidation/retracement; up to 1/3 of the cup's advance, but usually not more; wait for the break above the cup rim resistance line, with volume
Timing: Our cup took only a few weeks to form, which is a little quick actually; handle is usually 1-4 weeks.
So chill people
Target: measure the distance from the right peak of the cup to the bottom of the cup.
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE