ETH: KEEP IT SIMPLE, NO STRESSETHUSD:
It's a cup and handle on the daily chart.
So far the pattern is confirmed with a break of the handle. Now the price is coming to retest the breakout point.
To keep it simple: below 3900 is a not good. Above 3900 is good and we get a potential target of usd 6300.
Trade safe!
Cupandhandlebreakout
Cup and HandleTape has formed Cup & Handle.
It is drifting sideways near pivot near 21 EMA with very low volumes indicating supply absorption.
Pivot buy at 932.5
Not an investment/trading advise.
Publishing for my own reference
CTVA breaking out of an 8 month cup and handle?* Exceptional earnings
* Very strong up trend
* High 3-month relative strength of 1.24 in the Basic Materials sector
* Pays out dividends and two quarters back it increased its dividends
* Breaking out of a cup and handle pattern
* Also offering a pocket pivot entry
* Base of the cup is ~8 months long and ~17.6% deep
* The stock is relatively new and this is it's 2nd stage base
Trade Idea:
* You can enter now as it's just breaking out of the handle and is offering a great risk/reward ratio
Failed Breakout for NowLike most momentum stocks, FCX is having trouble taking out the ceiling. Its at a pivot of a cup and handle formation now. Volume has been light during the Santa rally but has big potential reward vs a small risk if breakouts begin to work in this market. I would love to see continued relative strength in the setup and big volume confirmation if it can move up through the pivot in the $40 range.
BNS breaking out of a cup and handle!* Great earnings
* Strong up trend
* High 3-month relative strength of 3.06 in the Financial sector
* Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average
* Base of the cup is ~21 week with the handle lasting about 4 weeks
* Also created a double bottom during the base
Trade Idea:
* Given the setup, now would be a great time to enter as the price is still very close to the broken resistance.
* If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area.
Caution:
* A daily close below $66.48 would negate the idea.
SSNC is one to keep an eye on!* Excellent earnings and accelerating
* Very strong up trend since inception
* High 3-month relative strength in the Tech sector
* Breaking out of a ~5 month base creating a cup and handle pattern
* Depth of the cup is ~15.5%
* Breaking out with higher than 15 day average volume
Trade Idea:
* Given the current market conditions you can open a small position with a hard stop.
* Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area
* If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
$KCS CUP AND HANDLE MEASURED MOVE BUY & HODL THIS COIN!!FOLLOW STEPS 1, 2, & 3, IT'S AS SIMPLE AS THAT!! THE MORE $KCS YOU OWN, THE MORE OF IT YOU CAN EARN!! THIS IS AS "NO BRAINER" AS THEY GET!!
1) Kucoin's house coin, $KCS on the daily has formed a massive CUP & HANDLE, which I didn't notice until now, because I never look at
its chart!! Why, because I don't need to!! I buy it when it is cheap and I just sit on an ever increasing bag of it. Crypto is
becoming mainstream and we are going to see Kucoin grow into a Binance sized operation. $BNB used to be super cheap and look
look at it now $636.46 (At time of publishing). Kucoin will be worth just as much, if not more, maybe next year, maybe 10 years
from now, I don't know, I don't care, just Buy, HODL, and collect. Passive income, this is the way!!
2) Measured move from the "rim" of the cup to the "bottom" of the cup. Draw line, move it to the "rim", presto whizz bang banjo,
Bob's your auntie, and you are about to double your money, IF you got in early... You really should have got in earlier than now!!
3) See I told you so, now you take some profit off of that bad boi or just continue the HODL...
Do whatever you want, I don't care, it's your money!!
You can buy whatever donkey you want and however much whipped cream your sorry little sad pants can handle, cause this is
America, unless you are not living in America, then this is wherever you are currently and that place is cool, too and I'm sure you
can buy any of the fine, nice donkeys that they have in that country, too, unless they have laws against that "sort of silly ole
thing", then in that case, you should probably clear your search and browser history and go somewhere where they are a little less
judgmental about what a grown adult, a donkey, & a case of perfectly good whipped cream do in the privacy of their own motel room that they rent by the hour...
Stellar Lumens 3 day chart - Long term coffee cup handle patternWe can see that Stellar Lumens from 2018 been going up slowly forming a coffee cup handle pattern for the 2 year cycle - 3 day chart
I think we pass the coffee cup handle now and first trend target around $0.80 US resistance and to break it if we have bigger volumes, heading towards $1.28 US fib targets
Stellar Lumens has the technical and fundamental news (especially with Circle US integration with MoneyGram)
www.nasdaq.com
We need big volumes now and Stellar Lumens the big winners for 2022 and 2023 completing a strong momentum bullish cycle for the next 2 years
$MTV is set to take off!! 🚀🚀🚀🤑$MTV a project that I fully believe can hit $1 eventually, especially since approximately 95% of the circulating supply is staked.
As you can see a Beautiful Cup and Handle Formation has already formed on the daily.
Breakout Target #1 is $0.0321
Breakout Target #2 $0.126
MultiVac has some of the best tech, tokenomics, & community engagement within the entire crypto space.
This is one of the few projects that I've been extremely bullish on!!
My bags are loaded, hope yours is too...$MTV is set to take off!!!!