LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle
formation that is currently close to completion.
It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength.
Pending orders should be placed at a break of the 535 level.
There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target).
We are above the 100 day moving average and ichi.
Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can.
But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
Handle
Cup and Handle BreakoutNext target $6
Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to $3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement)
MACD on daily and weekly holding positive and accelerating
Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure
Improving oil and gas drilling fundamentals
Solid Q3
I was bullish on my previous post too early
Cup and handle formed. No breakout yet.2 year cup and handle formed.
Although it completed last week, it hit resistance and some selling.
Will there be a breakout?
AUDNZD Bullish Inverted Cup/HandleA possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should.
1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful.
2) If it breaks out below point B at 1.08334 then the reversal should be on.
Inverted Cup with Handle
" You must wait for the breakout with this pattern before trading. Too many patterns.....had prices moving upward instead of downward, especially in a Bear market. A breakout is a close below point B, the lowest low on the right rim. "
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Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Second Edition 2005
future cup and handle to bring the price back up based on previous pump, weekly, daily, 3h, and 1h RSI and Stoch RSI. bitcoin will begin the last leg of the markt cycle (on weekly graph) and break highest high after the cup and handle.
ETH/USD 1D Cup and Rocket1D chart showing a cup and handle forming. Once the handle is complete, this new ATH should line up with Ethereums realease of Metropolis on Sep25.
Cup and Handle Formation? Looks like a bullish pattern is beginning to form! Just need that handle! :D
Potential cup & handle formation If a cup & handle happens my initial plan will change.
Hopefully we don't break trend and fall back to the ground.
PAYDAY PAY :)
BCC is going goodCup & handle breakout. Good build before taking of.
Lets see if we can break resistance and reach 103.
First Solar for limited profitFirst Solar has formed a cup & handle pattern with nice opportunity to go long now. If a long position is taken and the price goes up, profit should be taken at max. 50. There is a long-term resistance formed at around 50. With Trump's energy opinions, this clean energy solution will likely reverse at 50 to continue its long term bearish trend.
Massive cup & handleIf everything goes to plan, in one month we will have a massive cup & handle. handle forming now.
What do you guys think?
NRG Cup & Handle formed?The cup appears more parabolic, but even so, it's trending upward without the cup & handle to possibly re-test $19. Note decline in volume during the handle formation.
SJCX Cup and Handle Formation.Entered my trade at 0.00030 and my trading plan is 30%. Look for this coin to go long over the next few days!
XAUUSD Cup and handleA cup and handle pattern is in formation. The RSI retest at 50 confirms it. I would like to see a small consolidation to the downside and an eventual breakout to the upside.
VRC Cup and HandleFor me it looks like VRC is forming a Cup - Handle pattern.
Supporting Information:
- Strong Support at 10330 sat
- Increased volume
