My plan is to buy NYSE:MCD puts on Monday before earnings. This idea is based purely on technical analysis, which I think sufficiently supports the theory that the price will go lower in the short term. However, in the broader scope, this drop could produce a great buying opportunity for those looking to go long. The weekly chart shows last week’s solid green...
Viewing CRYPTOCAP:BTC weekly with 55-day SMA bollinger bands suggest a cup and handle forming. The previous bull run high in 2021 to the current year's high forms the cup. If CRYPTOCAP:BTC loses support at current levels a handle may form stretching down to $40K and not recovering to +$60K until late Q4 '24.
BINANCE:ETHUSDT is currently forming a cup & handle pattern, which is a bullish continuation pattern. Bullish divergence was also formed on the chart and price has already broken the last lower high. Expecting price to reach projected cup & handle breakout projection!
After a 2-year accumulation phase, Hbar broke out of its major resistance level, and I believe this is the start of wave 1 of 5. The chart shows linear and logarithmic one-to-one price extensions of cup & handle patterns. There was a massive volume spike across multiple exchanges including Binance. I have set the target area where the price level converges with...
despite being a very biased analysis, there is a certain foundation above the cup graphic pattern formed, we can also observe that it will first need confirmation of formation and break above to seek the target, if it does not form the graphic pattern, there is a serious risk of falling.
On the above 4-day chart price action has corrected 10% from the 4600 summer high to find support on the Golden ratio. A remarkable moment now exists to have long exposure. Why? 1) RSI and price action resistance breakouts. 2) Support on 2022 resistance. What a signal! 3) The Cup and Handle pattern confirmation is textbook. The handle breakout follows strong...
Fundamentals: Buffett check stock ~ Do you like to consume LVMH and/or Sephora? If so, why not own the stock? LVMH owns Sephora so it is a double whammy. This is not a normal super stock that I like to buy. It consists of a different strategy with a bit of a Warren Buffet blend. We are looking at 3-year growth, yearly EPS, sustainability of growth and ROE. ...
Fundamentals: Develops glucose monitoring systems. This stock meets 80% of my parameters. I wouldn't have considered it if the earnings were not above 20%. I do not like the stability of the earnings and I do not like the trajectory of the earnings, though. However, I do like the accelerating sales. Funds and quality funds began to grow into this stock again. I...
Hello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here:...
Nice looking buy opportunity Look to ride the wave up Cup and Handle Pattern
The cup and handle scenario is working out! Ready?
BINANCE:XVGUSDT , 4h On the daily timeframe, price is trading around a previous swing low area which is also above the 200SMA suggesting the long term trend is bullish. On the 4h, two chart patterns are emerging; 1) Descending Triangle & 2) Cup and Handle. It is prudent for traders to wait for break out or break down of the pattern to initiate a trade. For a...
With the Bitcoin halving now complete, I'm now back to looking for buying opportunities. We all know that Solana is a super-solid project despite the hiccups the chain has had over the past few weeks. The BINANCE:SOLUSDT price chart on the weekly timeframe shows that Solana broke above the key flip Zone a little over a month ago. Over the last two weeks, we've...
AVAX in a slump here, down 32.6% in the month. Bigger picture up 93.1% in the year, just about 5% today. I see a cup handle forming, just waiting conformation from the last battle. Even though AVAX ain't looking pretty i think its has a solid foundation, strong supports from investors. Just waiting on confirmation.
Here is yet another Bullish Chart of LTC this time i'd like to point focus on a huge Cup with Handle i just discovered while looking on the higher timeframes. We haven't broken out of the handle yet but if we do out next target based off the measured move should take us to $9,493
DCA on GOG I accumulate every time we approach or enter the green box. GOG - Guild Of Guardians is a Blockchain mobile RPG published by Immutable. guildofguardians.com PARTNERS & BACKERS : APEX CAPITAL COINBASE UBISOFT IMMUTABLE SANDBOX etc. icohigh.net www.ubisoft.com
I just took a position on SNX, great potential. I will accumulate in the DCA zone if the correction is stronger, no worries. Potentially a cup and handle formation taking shape, to be confirmed.