Inversecupandhandle
ZM Inverse Cup and Handle ExampleAn inverse cup and handle is present on the chart which caused an evident drop after the handle formed (in purple), ZM has recently seen some nice returns, this is expected to continue with the purple dotted line as a support.
TRX Going DownHello Friends,
Sorry been a long time since my last chart...been busy working for a living :P
Anyways, was going to buy some TRX but then noticed this. As you can see on the chart the pattern appears to be bearish and if you look at the weekly RSI and MACD it doesn't look good.
If your going to invest in this one be careful and set up your stop loss. I myself am going to wait it out and see what is going to happen.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
USDCHF - PRICE ACTION PATTERN - INVERSE CUP&HANDLEExample of an inverse cup and handle I have taken for a quick scalp.
inverse cup and handleInverse cup and handle forming on daily chart, and we can see Williams Alligator short signal
Reverse cup and Handle?I Might be crazy. There is no reason that the MXN should strengthen against the USD. Oil is cheap and the Mexican Bolsa is very low. But it shure looks like it could be. What you guys think?
inverse cup and handle AAPLAAPL bad news
sales guidance decrease
SL Lower high
TP distance from high to trend line
sold at the break of trendline
bitcoin double top and inverse cup and handlebitcoin has formed double top and inverse cup and handle
one push down coming
3100 ish
Bitcoin - Inverse Cup and HandleWe have a smooth round top formation with cup rims clearly bouncing off heavily built $6,000 bid walls. An RSI correction to the upside is forming a handle, possibly leading to our third and final bear push into 5 to 6k zone.
[BTC-USD] RED ALERT! INVERSE CUP N HANDLE- DEFCON 5!I'm out of the market into the safety of fiat USD for now. This is very much a dynamic market and things are changing so dam fast on the charts, I couldn't even keep up with the 1,5 and 15 minute charts early this morning as I prepared this video. Personally for me, I think its too dangerous to play right now and I am now simply observing this ball game from the bench!
The BTC market is extremely volatile as many of you already know that! What makes me uncomfortable right now is the manipulation of wales pumping and dumping the price of BTC attempting to short the market. Also it was brought to my attention by a new friend on trading view that the exchanges could be dumping BTC, therefore manipulating the price of BTC being one of many variables that is causing the massive sell offs of BTC. Since most of us don't really know the real why 's , all we can truly rely on, are the charts. In conclusion, right at this very moment, the charts signal DEFCON 5 red alert! (Extreme Volatility)
Overall, I observed an inverse /reverse cup and handle which typically indicates a bearish signal and that a bearish trend will continue with the bearish price action of BTC. Extreme caution is advised right now! I am still investigating and undergoing more analysis that will allow me to define a perfect entry point at the absolute rock bottom. If I succeed, then I might end up in a short vacation in a few months in Costa Rica sipping a pina colada. If im wrong than I will be sipping a regular Starbucks coffee at my local coffee shop.
If you enjoyed this video give me a like! Peace out!
CryptoBuzzAnalyst
PS: Disclosure, this TA is not financial advice. This is for educational purpose. You should perform your own individual TA and arrive to your own specific conclusions!
VERGE COME BACK ... from where are you fromFrom the hell.
It looks extremely bad. I see an inversed cup and Handle. That's mean that it could go very deep.
There is an alternative way . more lucrative.
I would do so. If it bounce from the dotted line, it will goes higher and following the positive trendline.
If it touch the red line there are two possibility .
1) double bottom and go higher
2) come back to reality!
RSI is extremely bearish.
Be carefull if you are bullish on verge
Bitcoin Inverse Cup and HandleI tried staying bullish but its correction time. Cups and Handles are what I like to look for as they are very strong patterns imo. How do you think Bitcoin got up this high in the first place? I'm not shorting, just longing alts like EOS and ETH. :(
Who knows, maybe it'll double bottom..
