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SELL AFTER BREAKING CUP AND HANDLE CHART PATTERN IN USDCADHello traders, hope everyone out there are doing good. Here is our analysis on USDCAD. The pair did hit the strong resistance after which it started going down. After sometimes it came back a bit up and stared going down again forming a CUP and HANDLE chart pattern. After making the handle the pair started to go down. As per our analysis the pair will continue to go down till the support level. Let us know your views in the comment section. follow us for more. Thanks Ryan.R.Lopes
Short
by Ryan_lopes
5
First post - Cup&Handle pattern? Hi traders and crypto friends, it´s BohemianCrypto, after months watching and learning i decided to publish my fist idea. It´s not trading advice, I´m still waiting for market to decide, but I see obvious Cup and Handle pattern which i have not seen published by anyone else here... So my question is what do you thing? Do you see the same in short or am I basically outside the bowl? Marry Christmas and may the force be with us next year. Cheers
COINBASE:BTCUSDShort
by BohemianCrypto
Cup and handle formHere we can see a nice cup and handle forming. stages 1-4 have been complete with 1 at the initial wave downwards followed by stage 2-3 seeing the levelling and the mirrored wave back upwards to initial value. Stage 4 marks the form of the handle and we have seen a beautiful rest at 0.382 on our Fibonacci levels indicating a bull rise back up to complete stage 5 of the pattern and indicate a rise upwards like a phoenix from the ashes. I would expect to see a large short is it breaks down through the 0.382 level and if it goes back up to complete stage 5 of the cup and handle I expect to see a bull breakout upwards. Keep an eye on this one
by UnknownUnicorn705200
BTCUSDWe have identified the uptrend and a rounded retracement (CUP). The strategy applied says the strength and longevity of the prevailing trend will determine the success of trade. We have identified the handle of the cup. First buy entry on the handle breakout, the upper line (resistance) that define the handle structure is our trigger line of first buy. 2nd entry on the breakout of initial peak from where the cup started drawing up. Take profit at the same distance in price measured from the initial cup peak to bottom of cup. Place SL below rounded bottom after 2nd entry is triggered , then move both SL below the handle swing low. Thanks for taking the time to peruse my analysis -RW
BITSTAMP:BTCUSDLong
by rajhwillearn
Bitcoin // Possible Adam + Eve Hello, Beginning with the 1D chart on CME we can see the birth of Adam and Eve taking place. At the same time we can see a shooting star ready to be confirmed. This points to the possibility of printing a handle for A+E. Also a cross between the 8D MA and 21D MA is about to occur. Below it, we find a gap. Although I believe we shouldn't wait for a gap to be filled, we can find support near it if we get a short-term dip. Or break in and fill it. A daily close below the gap can null the pattern and a triple bottom can occur, although I don't expect that to be the case. If Adam and Eve gets invalidated, a bounce at the bottom of the bull flag is highly possible. Above it, we can confirm the pattern and continue the run above the bull flag to a target of $13,900 and beyond. - B 12hr: 4hr:
CME:BTC1!Long
by B_version256
Iota preparing for MASSIVE move!Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
BINANCE:IOTAUSDLong
by Buzz_Leighton