A perfect C&H is just formed on Storj with a significant volume confirming the breakout.
Keeping an eye for incase the handle breaks the lower trendline.
Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well. Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started....
Do we see a cup and handle forming here? A bullish signal, shall we consider this a confirmation that the bitcoin long trend is in continuation. OR Is that a double dop we see forming... have we finally found a top ??
It seems like the only way is up... which would mean we should sell GOLD...
NAUT is currently forming a cup and handle formation. A couple red triangles have formed within the handle. We are currently testing support at the lower red line of the handle. Line 3 is our next support zone if we fall through the red lines. Watch RSI to see if we can climb back above the lower trendlines. Stochastics could embed and drop under 20. If so,...
I dont think ETH is primed for $100 just yet, but there will be some great moves coming soon.
Five nested cup and handle patterns are drawn in red, with the largest (outermost) beginning in late 2013 and ending early 2017. I am calling this a "Russian Doll" configuration, even though I am not aware of this name having been applied to cup and handles before. Since one cup and handle is considered a bullish indicator, for the sake of this idea, I am...
In my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time...
They will call it the trade of the decade. MILLIONAIRES and BILLIONAIRES will be born everywhere. The market will spiral with so much exponential growth that Bitcoin's first leg up will look like chump change. Do you want to participate in possibly one of the biggest trades in your lifetime? Well guess what, I do, and I am going to give you all the proof you need...
Upon finding this cup and handle pattern it reminded me of my previous idea for ETC/USD (chart is shown below). The pattern above was absolutely perfect, we saw a move from $2.50 to $5 within a matter of weeks. Now, I'm expecting the same for XRP/USDT a move from $0.05 to $0.075 before stalling out and forming a descending channel (the handle). Once we see...
It is update for the previous idea regards this pair. I was expecting that the pair will do strong move up so that's why I set tight SL. Pair is trading below solid support/resistance area. I would re-enter at the market with new SL an TP. Cup and candle formation is used to determine the best place to set SL. This pair is very bullish in my opinion. It would be...
Short term neutral until ZEC crosses back above the 100 day moving avg (pink line). Watching to see if ZEC follows blue line 4 or blue line 5 (red lines x,y and z will offer support or resistance in zone 4). ZEC has built a pennant formation (blue lines 4 and 5) with nice decreasing volume (red circle zone 4). If ZEC crosses above the upper diagonal trend line #5,...