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Bullishpattern

Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all
by KINGSFALCONTRADERS
GRINFRA is Sustaining @ 2 Years High Zone With Positive AttitudeOrder book as on 31st March 2024 is Rs 1,67,806 Mn During the year, Company has transferred 7 operational HAM assets to Bharat Highways InvIT Subsequent to March 31, 2024, PCOD/ COD has been received for below two projects • Transmission system in Rajgarh - COD • Galgalia-Bahadurganj (HAM) – PCOD As on date Company has total 5 projects which are operational. P ositive factors • Significant growth in the scale of operations on a sustained basis with substantial segmental diversification in the revenue stream while maintaining low leverage. Key strengths Transfer of assets to BHIT thereby enhancing its financial flexibility GRIL has transferred 100% stake in seven operational NHAI assets to BHIT and received units worth ₹1,929 crore during Q4FY24 thus enhancing its financial flexibility. Following the transfer of operational assets to BHIT, GRIL retains four operational assets in its portfolio, including one NHAI annuity project, one state HAM project, and the balance two NHAI HAM projects (one project received PCOD during Q4FY24). As indicated by the management, the InvIT units will have a lock-in period of one year from the date of the allotment. GRIL has also entered into a right of first offer (ROFO) agreement with the InvIT, pursuant to which, GRIL will grant a ROFO to InvIT, thus allowing the company to unlock its equity. Additionally, dividend income is also expected from the InvIT. Healthy outstanding order book position of the company GRIL had a healthy outstanding order book position of ₹₹18,680 crore as on December 31, 2023, as against ₹19,529 crore as on March 31, 2023, indicating revenue visibility of 2.29x of the FY23 TOI. The majority of these orders are with a price variation clause, thereby shielding GRIL’s profitability from adverse movements in the prices to an extent. The order book is also geographically diversified with presence in more than 11 states, with no state contributing to more than 25% of the order book. Furthermore, GRIL has segmentally diversified its portfolio by venturing into new segments of ropeway, multi-modal logistics park, hydro power project, transmission which is expected to reduce its dependence on the road sector. The order inflow during current year i.e. FY24 has been slow due to lower awarding in road sector. Nevertheless, healthy order book position provides revenue visibility over medium term. Expected range-bound scale of operations in FY24 with stable profitability GRIL’s scale of operations have shown a healthy growth over the last five years, despite COVID-19 related disruptions. The TOI grew at a healthy CAGR of 13% over the last five years ended FY23 from ₹4,952 crore during FY19 to ₹8,149 crore during FY23, led by strong execution capabilities. During FY23, the TOI remained stagnant over FY22 due to a low order intake and the pending receipt of the appointed date of eight HAM projects. The TOI is expected to remain almost stagnant in FY24; however, it is expected to witness minor de-growth in FY25 on Y-o-Y basis due to pending receipt of the appointed date in projects. secured in FY23. The surge in commodity prices and intense competition in the road sector led to minor moderations in the margins of GRIL, in line with other industry players, during the last five years ended March 31, 2023. Nevertheless, the margins continued to remain healthy at 16.12% for FY23. However, the margins declined to 13.32% during 9MFY24 on account of lesser execution in Q2FY24 due to monsoon and pending receipt of appointed date in HAM projects. Correspondingly, during 9MFY24, GRIL reported TOI of ₹5,532 crore as against ₹6,153 crore during 9MFY23.
NSE:GRINFRALong
by iism-ExpertTrading
SWING TUTORIAL - DIVISLABWatch how the stock was on a continuous Lower Low Patter and formed a Lower Low Trendline. Simultaneously, there was also a formation of Convergence Divergence indicating an upward move. Stock also broke out of the trendline with a strong green candle. While the MACD Cross indicated a good entry after the Convergence Divergence, the breakout from the Trendline later indicated a confirmation for a move upward. Coincidently, the stock also made a new Support zone at 3299 after a strong breakout from trendline. Another MACD cross has also successfully happened in the last few weeks. Do you think the stock can reach its All Time High again? Give your comments in the Comments Section below:
NSE:DIVISLABEducation
by thepranam
MFER could melt faces here! KEEP AN EYE ON IT! It looks like MFER is about to break out of a two-month-long falling wedge pattern. If the bulls take charge, this could lead to a significant price increase. Unlike many other artist coins, MFER hasn’t experienced a dump at every rally. Instead, it has built a strong range that supports future price action. Key points: - Support zones are highlighted in green. - Resistance zones are highlighted in red. - The dotted trendline indicates a bullish trend. If it breaks, it will fall into a strong support zone. This situation is definitely worth watching closely. Let’s see how it develops!
Long
by MysticMads
3
SWING TUTORIAL - LALPATHLABNotice how the stock exactly revisited the most recent Swing High exactly after the Convergence Divergence. MACD Cross after the Convergence Divergence gave a good entry as it happened at a Higher High Higher Low Pattern indicating a good move upward. Eventually gave a 38% up move. Another MACD Cross is under play currently. Can it break the Resistance zone of 2758 and go all the up to the next 3342 Support/Resistance zone? Give your comments in the Comments Section below:
NSE:LALPATHLABEducation
by thepranam
Cable moving into Daily trendline resistance near 1.28Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward channel, thus it appears that pair is back in bullish mode. In fact, UK CPI figures reported last week indicated a cooling of inflation, but not as much as expected, so potential June cuts are most likely off the table. Looking at the 4h time frame, we see nice five subwaves up as expected which look like a wave 3, therefore we can expect much higher targets after a next pullback while market trades above 1.2570 invalidation level. However, there can be some resistance in the short-term, near the daily trendline that comes in around 1.28. Support on dips is at 1.2650.
by ew-forecast
1
$PENDLE, Breakout Alert! 🚨Chart Analysis Take a look at the 2D chart for BINANCE:PENDLEUSDT , and you'll notice that it's been forming a beautiful Bullish Flag pattern 🏔️. This is an incredibly bullish sign, as it indicates that the market has been consolidating its gains after a significant uptrend 💥. The flagpole is the upward trendline that formed during the initial surge, while the flag itself represents the recent consolidation phase 🔀. The significance of this chart pattern lies in the fact that breaks above the upper trendline (resistance) often lead to further price increases 🚀. As we approach the upper trendline, I believe it's highly likely that it will break out and continue its upward momentum 💥. Technical Indicator Analysis Some highlights from my screener: Momentum: - 15m to 6h: Indicators such as StochRSI, Stochastic, and Williams%R are showing bullish signals. - 12h to 1w: These momentum indicators continue to show bullish trends, except RSI and Williams%R which show slight bearishness over longer timeframes. Trend: - 1h to 1d: Most trend indicators like Aroon, EMA, MACD, and Ichimoku Cloud show bullish signals. However, DPO shows mixed signals in some shorter timeframes. - 1w: All trend indicators show bullish signals, affirming a positive long-term trend. Volatility: - 15m to 1d: High volatility is indicated by ATR and Bollinger Bands. - 1w: Volatility decreases, indicating potential price stabilization in the near future. Volume: - Short-term: Volume indicators like OBV and VWAP show bearish signals in the short term. - Long-term: These indicators turn bullish over longer timeframes, indicating volume accumulation in the long-term uptrend. Positive Signals - The Bullish Flag pattern suggests a potential strong price increase after breaking resistance. - Long-term trend and momentum indicators are bullish. Risks - High short-term volatility might cause slight corrections before the uptrend resumes. - Some short-term momentum indicators like RSI and Williams%R show neutral or bearish signals. Predictions - Short-term (1 week) : Price might experience slight corrections but the overall trend remains upward. - Medium-term (1 month) : If the price breaks out of the Bullish Flag, a strong upward movement is expected. - Long-term (3-6 months) : The long-term uptrend is likely to continue, supported by trend and volume indicators. Conclusion As always, it's essential to remember that trading involves risk 🚨. However, if my analysis is correct, I believe #pendle/usdt has tremendous upside potential 💥. Patience and careful risk management will be crucial in the coming days 👀. Disclaimer 🔜 DYOR (Do Your Own Research) before making investment decisions! 🔓 #PENDLE #BullishFlag #BreakoutAlert
Long
by crypto_pumpppp
Jati Tinggi Group Bhd - Consolidation in ProgressA new IPO listed in December 2023 that mirrors the bullish continuation pattern with regards to Zantat Holdings Bhd, Wentel Engineering Holdings Bhd. In daily timeframe, price is currently trapped in the sideways/accumulation ranging from 0.280 to 0.315 since Mid April 2024 with a low volume. However, price is struggling to close above 0.315 which is a strong resistance due to the following: 1. Ma 50 in Daily Timeframe 2. Ma 20 in Weekly Timeframe 3. Bearish candle in Weekly Timeframe 4. Supply zone (0.315 to 0.325) in Daily and Weekly Timeframe In lower timeframe M15, in the internal structure, price already form a Change of Character (ChoCh) and followed with a Break of Structure (BoS) suggesting price is bullish in short term period. To further validate this bullish movement, price must close above 0.315 as mentioned in Para 2. A break below 0.290 will negate the bullish movement in M15 signaling correction still in progress while 0.275 will be the last defense.
MYX:JTGROUPLong
by fuad_khairi
2
BTC BREAK OUT DONE! READY FOR $100K!!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis. Welcome to this BTC update! BTC looks good here. BTC recently broke out of a bull flag pattern on the daily timeframe and has held above it so far. This could be a sign of continued bullish momentum. After this successful retest, expecting another leg up. Target:- $130k Invalidation: A daily close below SWB:69K will invalidate this bull flag. What do you think about this setup? Share your views in the comment section.
Long
by CoreCrypto1
5
AI/USDT POTENTIAL BULL FLAG FORMATION! NEXT LEG UP SOON!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. AI appears to be forming a bull flag pattern in the 4-hour timeframe. A breakout from this pattern could signal a significant price increase. Once it breaks out from the flag, we can expect a good 40-50% upside move. Accumulate in the green zone. Possible Entry & Targets: Entry: Current Market Price (CMP) and potentially add more up to $0.97 Potential Targets: $1.07, $1.18, $1.34, $1.52 Stop-loss: $0.92 (Consider setting a stop-loss based on your risk tolerance strategy). Leverage: Use leverage with caution. Consider low leverage (Max 5x) as suggested. Let's Discuss What are your thoughts on AI's current price action? Do you see a bull flag pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
ETH: Descending Triangle Breakout on 4-Hour Chart!!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis. The interesting technical pattern forming for ETH on the 4-hour timeframe. The price appears to be consolidating within a descending triangle pattern. If a confirmed breakout occurs above the upper trendline, it could signal a potential price increase towards the $3800-$4000 resistance zone. However, it's important to consider the invalidation point. A daily close below the $2900 level would weaken the bullish case for a breakout and suggest a potential decline. What are your thoughts on this ETH setup? Share your analysis in the comments below!
Long
by CoreCrypto1
Beautiful wedge on $BTC over several supportsClear wedge forming on CRYPTOCAP:BTC over several supports: - Parallel multiyear channel - Important VWAP quarter horizontal line (orange line that coincides with a Fib Level - blue line) - Fib Level (blue line) from last flag in February - Insinuating over wedge ceiling line (dark blue) So, we have a very good confluence there; maybe a scary quick drop possible to reach the bottom of the wedge, there on the confluence of already signaled fib level and VWAP quarter lines of support The target of this wedge is the all-times-high (red line, past 72k usd)
BITFINEX:BTCUSD
by CCCLopes
1