Set up is complete with a back test this morning. I will go long after market open settles. Back test gives some added protection here.
Quick xrp chart If the ~4 cent Resistance level is achived, on the Right shoulder, possible Cup and Handle pattern coming into play. NOT AN EXPERT DISCLAIMER Stay vigilant and watch your Levels. As always DYOR and Good Luck
BINANCE:ETHUSDT Inverted cup and handle pattern forming on daily chart, indicators seems to support the idea for now. Let's see how this will play out.
Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it...
Not sure how often ones that have his much downward tilt actually trigger but something worth keeping an eye on all the same. Neutral until I see confirmation fo some sort of breakout.
Big break out coming? Going with the pattern and buildup, it might even pass 9700. V and Cup and\or Round bottom pattern as well. All bullish. smaller C&H
Looking at the altcoin market cap, we have a potential cup and handle formation. Potentially, the cup last a longer time to 'fill' before launch but it could also happen within the next 30-45 days. Bitcoin could see 9.7k and likely flirt with 10k and support these prices for a week or so before correction. Our hope is that Bitcoin's price remains stable long...
Maybe I am wrong. Why not? Just for fun.
Likely due to the halving that's set to occur in August I believe.
SSIA
NEO is forming a big cup & handle since november 2018 and printed a higher high. Upon a confirmed Fib break it will rocket towards $20. Besides some resistance at 16$ (14% from now) the path is open for that 40% profit target on wave 3. Let me know what you think!
Beautiful Cup on BTC Weekly, looking to test the resistance around 10k soon.
We can see LTC had a very ncie pump against btc after its ltcbtc golden cross occurred on the daily....it has since corrected and appears like it may have a chance at triggering a cup and handle pattern...however the threat of a 1 day ltcbtc death cross quickly approaches. If the death cross is to materialize this cup and handle pattern will most likely fail...and...
Looking very bullish breakout should likely be confirmed soon enough. This is essentially just saying the same thing as my march ltcusd chart says, except now the handle of the cup and handle is not only an inv H&s but a smaller cup and handle itself as well.