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CMC - Infrastructure Bill Fueled Breakout - Industrial SteelNYSE:CMC - this company is in the correct sector to directly benefit from the infrastructure bill. It is forming a Cup basing formation. If the market reacts positively to the news of the Infrastructure Bill getting signed, the vertically integrated steel producer stands to benefit from all of the national construction products that will ensue, especially if the administration keeps its promises about using domestic materials and labor. Basing Formation: Cup - depth ~22% - duration ~ 14 weeks Pivot Point: $36 Target: $40 Stop Loss: $32.5
NYSE:CMCLong
by MakeMoneyCoESTB2020
ONEUSDT Moving Closer to BreakoutWe have the first target from a cup and handle. The second target is from the flagging pattern. The asset looks ready to run soon. I have been talking about Harmony for awhile now with my followers. So I thought I would give you a little update. Everything is looking great and I expect big things from this asset during the next leg of the bull cycle. Tomorrow, I will chart PBXUSDT, VRAUSDT, or VETUSDT. I will pick from a hat lol. Thanks again everyone!
Long
by mysticalwalrus
21
MTVUSDT Basing Patterns Minor TargetImportant Things To Note: Multiple basing patterns are fueling the engines for this asset. Minor Target of 0.37. I expect this asset to move heavily this alt season ETH just made ATH, alts will start to follow. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So, anyone that follows me knows I love MTV. Their metrics look great, however I wish they would do a bit more marketing. Despite that, I still expect this asset to do well the last leg of this bull run. There are plenty of basing patterns which should fuel the upward momentum. There is a minor target of 0.37 from the last cup and handle. My followers wanted me to do charts on my other assets I mention so here it is! If you can't tell why I like it by now, just look at the chart. Enjoy!
Long
by mysticalwalrus
19
ONEUSDT Cup and Handle TargetI am doing this chart as a request from a follower. I have mentioned this asset previously when the cup and handle was still forming. The recent high transactional activity is what caught my eye as to it being a likely candidate for smart money investors. Though ONE might still be flying under the radar a bit, I figure it won't take them too long to catch on. ONE has made quite the comeback as of recent which I am happy to see since I believe it is a great platform. The Cup and Handle produce a target of roughly 0.40. This was calculated by taking the depth of the cup and adding it to the top of the cup. There is also a nice bull pennant which has pushed the price higher. I am sure this will move greatly in the coming months due to its strong fundamentals, high transaction rate, the accessibility of it, and the patterning. Thanks again!
Long
by mysticalwalrus
8
GME TO THE MOON SOON! 🚀🚀🔮 LFGThe long term consolidation is fucking insane. It is wedging at a very nice form. A breakout could happen before November 15th. The SEC report stated that barely any shorts have covered...even after January's rally. (Only a few small shorts covered but not the big ones) Shorts never covered because brokers took away the buy button. Thus shorts didn't need to cover because everyone could only sell and they'd be stupid to cover. What is different about this time? People are buying actual shares in their own name... now leaving it in the hands of retailers rather than brokers. Meaning if prices go as high as 400 again, shorts WILL cover and skyrocket a shit ton even if brokers restrict trading again. What's more is that we saw a massive cup in the middle of the wedge. I may be grasping straws here but we are in on overextended handle the just needs to break the resistance for it to fly. While this is a slight stretch, on cannot deny the wedge formation is looking good. GME to 1k🚀 APES NEED TO GATHER. LETS GET THIS BREAKOUT AND FLYYYY
NYSE:GMELong
by CheckMatted
RAYDIUM could go nuclear!!!Raydium showin couple nice things on the Daily chart. Also on higher timeframes but i only focus on the daily in this setup. Potential Cup and Handle (yeah it's in the room with us rn), with a higher low doulbe/triple bottom at a .786 retrace, class C bullish divergence on the MACD Histogramm, RSI and Stochastic at very favorable levels and the day will most likely close with a bullish engulfing candle. For a trade the stop loss is placed below the previous low even tho the 200sma and major support levels are right below it, but this setup only works with a local higher low. lets see :)
FTX:RAYUSDLong
by luyestefan
VRA - Breakout possible! Cup and HandleVRA has shown strong buyer signals recently, and has formed a cup & handle pattern over last several months. It is right now, on the verge of breaking its previous All Time High. If it does this, the cup and handle pattern suggests that: 1) The deepest part of the cup, all the way up to the rim, is the measure for where the asset goes next, starting at the top of the rim. So I drew prices at the top of the rim, going up to the match of the depth of the cup. This has a good chance of working out, as long as BTC doesn't tank or take off. That is getting harder to ask lately. Trade - Watch for breakout upwards! This is the buy signal, some wait til candle close, depends how fast it is moving.
Long
by Shwayze
ADAUSD Chance for Double BottomImportant things to note: BTC retracting has started. I do not see BTC going past 46k. ADA chance for double bottom on 1D Double Bottom would produce a target of 2.62. This would smash the resistance level. Pattern would also create a cup for further targets. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. The BTC FOMO buying finally subsided and now we get to see the retracement we were looking for. I do not see BTC going past 46K and I would like to see it stay above the 50MA on the 1D chart. ADA's retracement depends on BTC at the moment. Right now we have many options but the one I would like to see the most is the double bottom pattern on the 1D chart. Typically, you will see patterns be created on the lower time intervals and repeated on the higher time intervals. We have already seen a double bottom on the 1h, 4hr, and now I would like to see it on the 1D. This is the same for any pattern really. I want to see this pattern complete for a few reasons. First, it would signal a long term reversal (we already saw that coming however). Next, it would produce a target at a level higher than the resistance we need to get past at the moment. Third, it would create a cup which gives us potential for a cup and handle. I have already seen a cup form on the 4hr so I would not be surprised if we see one on the 1D as well. Anyways, I just noticed it and I wanted you all to be aware. This is what I am looking for. If I do not get it, I hope someone creates a meme out of this called "the pattern you want vs the one you get" LOL. I will continue to keep and eye on ADA and update you all accordingly. Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
20