cup and handle pattern spotted - could expect a good midterm buy incoming
this pattern is said to be a bullish continuation pattern. The overall trend visible on higher time frames displays an uptrend followed by this dip (the cup). Then comes the stage of consolidation (the handle) which we have witnessed since around the 12th may. Hopefully if a breakout of this...
I have been holding a bag of this since March 2020
It is forming a cup and handle with a breakout towards $0.20
The btc chart looks very strong flipping yearly resistance.
I expect this to continue further.
JSE:CPI has formed a great cup and handle pattern on the day chart. It goes all the way back to December 2019 with the top of the cup being formed on the all-time high that was reached in December 2020. If we successfully break this high, I think we could see a really nice upward move from there.
Huge cup and handle formation on SNGLS. Very bullish signal - continues to be backed up with 50RSI and EMA50 is about to cross the EMA200 - also known as the Golden Cross. MACD is about to produce a bullish signal.
NIFTY BANK is formed an Cup And Handle Pattern in 15 minutes Time Frame
Let's My Price Action....
Supports are 32539 and 32350
Support Zone: 32539-32483= 55 points.
Resistance are 33100 and 33200
Resistance Zone 85 points
Finally Target 336 Points,
These are my Ideas on Nifty Bank.
Please Backtest your Ideas for more...
Cup formation on Ethereum (ETH) / Bitcoin (BTC)
How to trade the cup:
The height from the cup entry point to the bottom is the increase we will see from the cup entry to the exit.
To make it easier to plot, I have used the eclipse tool as you can easily mirror the dip to predict the peak.
From when I first drew this it has grown 21% and I expect a further 57%...
Total value locked in the curve finance is increasing too.
There is a prominent cup and handle pattern in the daily charts.
I have entered some long positions in CRV. This chart is just an expression of possibly trajectory for CRV in the coming weeks.