INSPECT (INSPUSDT): Bullish Wave Imminent, Time To Buy!?INSPECT shows several optimistic bullish clues after testing a significant ascending support trend line on the 4-hour chart.
Analyzing the chart, it is evident that the price formed a cup and handle pattern and has violated its neckline, demonstrating a bullish imbalance, along with a confirmed breakout from a descending parallel channel.
Additionally, a confirmed Change of Character (CHoCH) has occurred.
The price shows strong potential for further growth, and I believe it will soon reach the 0.054 level.
Cup And Handle
SHDWUSD 12/13/2024SHDWUSD 4HR Chart Analysis
Overview:
• Release Date: Mid-April 2024 (Coinbase).
• Initial Trend: Entered a step-down downtrend from release through October 2024.
• Current Context: Found a potential floor at the beginning of November 2024, followed by a sideways movement during the month, suggesting accumulation.
Pattern Formation:
• Reversal Pattern: Price formed a Double Bottom or Cup and Handle pattern during November.
• Breakout Confirmation:
o December 4-5: Price broke through the neckline of the reversal structure.
o Indicators: Increased momentum, MACD crossing above its signal in bullish territory, and a spike in volume confirmed the breakout.
Recent Price Action:
• After the breakout, the price consolidated, forming a Bull Flag pattern.
• December 13th: Price broke out of the bull flag, pulling back to its previous resistance level, now acting as support, along with the 20-day EMA. This presents an excellent entry opportunity.
Trade Setup:
• Entry: $0.949
• Stop-Loss: $0.783 (-17.49%)
• Target: $2.124 (+123.81%, 7.08 RR Ratio)
Summary:
SHDWUSD shows strong bullish signals with confirmed breakout patterns (Cup and Handle, Bull Flag). With support from the 20-day EMA and MACD momentum, it offers a high-potential long trade setup.
BNB Cup-n-Handle Breakout ComingBNB has been forming Higher Lows on Daily Chart and still undergoing a week long accumulation, within the Handle of this cup.
Support level for this cup is 601-612 , that's where major accumulation is ongoing.
Confluences with Monthly Vwap as well.
On breakout, BNB will join the club with BTC and SOL that brokeout this month already.
I am expecting a larger rally towards targets 900-1100 , making a move of 60-120% from current price.
Disclaimer - Use your own analysis and do not rely on this trade idea alone.
Use risk management while engaging trades.
TITANX is about to 25X *** CUP & HANDLE***TITANX has created an impressive and substantial cup and handle pattern on the weekly chart.
This is exciting news as the ecosystem is currently experiencing DEFLATION and is on the verge of becoming HYPER DEFLATIONARY.
The complete logarithmic projection indicates a potential 25X increase, which I firmly believe can be achieved and even exceeded given the strong fundamentals of this ecosystem.
This rapidly expanding community which has proven its resilience, showcasing innovation and leading the charge in a fairly launched, sustainable crypto economy that is ideally positioned for the remainder of the crypto bull cycle.
Can you name another token that is actively buying and burning hundreds of thousands of dollars of its own supply every single day? If you do, I’d love to hear about it!
Refrain from Trading in AGP at the momentThe stock has made significant bearish divergence and likely to retrace, Retracement Level 1 could be 150, level 2 could be 144, Level 3 could be 133 and Level 4 could be 121 where it should be accumulated as per your capital allocation.
On Long term, the stock seems to be in uptrend with 6 months Target of 270 which will be a 50% gain from suggested Entry.
However, this target is likely to be achieved when it will cross Rs 180 level being its previous HH. Investors or long term traders likely to made over 70-80% on this stock within next 6-8 months
Babcock & Wilcox Enterprises, Inc | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Babcock & Wilcox Enterprises, Inc
- Double Formation
* Cup & Handle | Entry Area | Survey Settings | Subdivision 1
* 3.40 USD | Flag Structure | Pivot Point
- Triple Formation
* Top / Bottom Structure | Downtrend Bias | Subdivision 2
* Flag Structure At 1.80 USD | Trend Continuation
* Behaviour & Entry | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
GBPCHF: One More Breakout Trade 🇬🇧🇨🇭
I see one more breakout trading setup.
GBPCHF has recently violated a significant daily/intraday horizontal resistance.
Retesting that, the price formed a cup & handle pattern.
Its neckline breakout is a strong bullish signal.
The price may go up today and reach at least 1.1322 level.
❤️Please, support my work with like, thank you!❤️
AVGO - 6 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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SUIPAD (SUIPUSDT): Bullish Confirmation SignalI spotted two clear signs of a bullish trend continuation on 📈Suipad after it retraced to a key horizontal support level that had been broken recently.
The price went up and broke through both the neckline of a cup and handle pattern and a resistance line of a falling wedge pattern.
We can expect a bullish movement towards levels 0.14 and 0.18 now.
GATM Offers 30% upside on weekly chartAfter achieving TP1 of 25.05 and TP2 of 26.69, GATM is poised to make another stream of gains. This time 30% upside, if weekly closing is above previous High of 26.81, with SL @17.4 for Potential Target price of 35.71.
Since the trade is on weekly chart, it can simply take 2-3 months to achieve the Target.
AIOZ NETWORK NEW HIGHS ???Good day! Observing the cup and handle structure in AIOZ NETWORK on a weekly timeframe, awaiting possible breakout and confirmation! COINBASE:AIOZUSD
Target 1: $4.83 USD
Target 2: $10 USD
I hope this adds value for you.
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If you didn't like it, I welcome any feedback or comments!
EURUSD: Bearish Signal Confirmed📉 **EUR/USD Update**
Two strong bearish confirmations have emerged on the EUR/USD chart following a brief pullback to a key horizontal resistance level that was recently breached.
The price has now fallen below the neckline of a cup and handle pattern as well as the support line of a rising wedge pattern.
This suggests further downward momentum, with the potential for a new lower low.
EURCHF: Intraday Bearish Signal?! 🇪🇺🇨🇭
EURCHF nicely reacted to a key intraday horizontal resistance.
The price formed an inverted cup & handle pattern on that
and violated its neckline with a bearish imbalance candle.
I think that the price may drop lower.
Next support - 0.9278
❤️Please, support my work with like, thank you!❤️
FMC Technologies | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# FMC Technologies
- Double Formation
* A Set Up | At 28.50 USD
* Cup | Pattern | Uptrend Bias | Subdivision 1
- Triple Formation
* Retracement 50% | Continuation Area
* Handle At 27.30 USD | Long Pattern Sentiment | Subdivision 2
* 345 Template(012345) | Wave 3 | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
EURUSD: Bearish Confirmation SignalWe spotted two strong bearish confirmations on 📉EUR/USD chart.
This occurred after a brief pullback to a key horizontal resistance level that was recently broken.
The price has since dropped below both the neckline of a cup and handle pattern and a support line of a rising wedge pattern.
As a result, we can expect further downward movement towards a new lower low.
Clorox ( Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Clorox ( Extended Hours)
- Double Formation
* A+ Set Up | Uptrend Bias | Subdivision 1
* Neckline Range Structure At 135.00 USD
- Triple Formation
* Retracement 1&0 | Uptrend Continuation | Subdivision 2
* Flag Structure | Long Set Up| 185.00 USD
* Trend, Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Grab Holdings Limited | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Grab Holdings Limited
- Double Formation
* Neckline At 3.65 USD | Subdivision 1
* Neckline | (0) Wave(012345)
- Triple Formation
* Pennant Structure | Uptrend Bias | Subdivision 2
* Retracement Area 0.5 At 4.85 USD
* Trend/Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Aero set to explodeAero I just started covering and its showing one of my favorite setups. Cup and handles sweeping lows on these massive time frames are just great setups. I was hoping for the pullback we are seeing here. We just need maybe another week of consolidation and down. My target is still 3.7, but I expect this token to be a leader and possibly push 10-14$ Q1-2. Note the test of the 5 week EMA as well.