Gold - mitdterm / longterm forcastGold is forming the handle to it's cup. Elliot Waves could indicate that ther could be a the finals bottom for the reversal to break out of the handle
Cupandhandlebreakout
OXY looks like a cup and handle formationLooks pretty solid but uptrend is somewhat iffy so I only picked up a small position. Target is $29. With XL pipeline shutdown thanks to biden, we could see oil prices spike so a run up in OXY makes sense.
CUP AND HANDLE patten Cup and handle formation
1 wait the formation of the handle
2 entry at the breaout of the neckline
Max target 53000$
Agressive stop loss below the handle
Conservative stop loss below the median red line of the pitchfork.
SXP Double Cup Pattern PredictionWith the ongoing situation of altseason, I have managed to catch that pennant and cup formations are the most succesful ones in the mid-term investment, right now we have BTC.D Dominance at %61 levels which can be considered as relatively high compared to the bull run in 2017. In case of BTC Dominance to hit 59 levels, Head and Shoulders will be activated with the minimum of 10 points of decrease. So in that case, I am expecting SXP to pump between 5-9$ channel. Well, this case is optimistic one with the rule of ceteris paribus, not a financial advice just for the means of education.
Palantir c-update 2.0Slowly finished the expected cup.
After the formation of the shape, if the exchange rate successfully erupts from it, an increase of the same volume as the height of the cup can be expected.
Bull on the springboard. (:
Good luck to everyone.
M - cup and handle patternCup and handle pattern on 1H chart.
We have a strong resistance lvl on 17.16$ so I think we will test it in few days.
It's will be 10% gain.
Cup and Handle (Bullish Breakout) with NIO on DailyBullish Pattern on NIO Daily Chart. Chart says it for my trading plan.
I hope you gained value out of this!
Cosmos ATOM 1D Cup & HandleCOINBASE:ATOMUSD
Exciting times for Atom fans with a potential huge run ahead after completing a near 6 month long cup and handle. $10.18 presents a small challenge but if momentum is swinging it will blow right through. The coin has a strong presence on Coinbase and other big CEX's with in-house staking offered, which will be particularly attractive to new entrants. I can't guess where this lands but I can say it has a smaller circulating supply than UNI and is half the price.
This is not investment advice and trading cryptocurrency is high risk.
XRP Potential Cup and Handle - 1:6 risk:reward hereSpeculating a potential cup and handle play on XRPUSD.
Handle is still forming at this time.
Entries:
1. Enter here for 1:6 risk:reward
2. Safer entry on the retest of breakout from the neckline (yellow)
Stop loss: $0.42 (below the low of handle)
Target 1 (conservative): $0.56
Target 2 (aggressive): $0.65
BTC Inverse Head and Shoulders 1:6 R:R 🚀BTC just broke out of what it seems to be an inverse head and shoulder pattern + a mini cup and handle in the right shoulder - bullish?!
We wanna see it close above the neckline on the 4H to make sure it's not a fake out.
Entries (green arrow)
1. fomo here (small position only)
2. safer entry (retest of neckline breakout): $38700
Target 1: $42k
Target 2: $48k
Stop loss:
buy and sit on your hands or < $37k
Have fun!
BTC/USD Cup and Handle breakout - BTC 52k?big cup and handle pattern forming might play out with a TP of 52k.
Chinese Rare Earth Elements (REE) MinersBull Case on Chinese REE Miners:
Increasing domestic pressure to restrict REE exports from China.
China accounts for 60% of the world's mining of REE, China also accounts for over 80% of the world's REE refining. Refining is environmentally intensive & damaging.
The US & Australia are building out domestic supply chains, but unless they are willing to fight their own environmental regulations to refine what is mined, it still has to be sent to China.
Increasing global demand + restricted supply chains = higher prices = greater profits for Chinese REE miners / refiners (tracked in REMX).
China is bolstering its domestic semiconductor industry due to the restrictions from the US & West, which also require REE; Chinese domestic demand for REE is going to increase to support a domestic semiconductor foundry sector.
Cup & Handle pattern noted.
MUR cup and handle with bullish oil sector from recent news MUR cup and handle with bullish oil sector from recent news
Activision Blizzard is break out of cup and handle patternNASDAQ:ATVI is breaking out of the monthly cup and handle pattern and is targeting 125$. This is long term trade that requires patience, stop around 68$. I would enter after the stock breaks and close above 90$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
UNFI / BTC potential C&H UNFI / BTC
🌟 Techincal Analysis 🌟
Potential C&H pattern
Price after break neckline of pattern jumped to 1.618 fib level from there we can see small rejection
If the price dropped again to support that will be agood buy (high reward and small risk trade)
This is not financial advice
Good luck and happy trading 🌹
Could this be a cup handle formation on the TQQQ?I'm a newbie to all this and I've been reading a lot about cup and handle patterns. This looks like a strong breakout to the up side for this ETF, what do you guys think?
$SQ ( DAILY) - Cup Breakout$SQ (DAILY)
Cup & Handle breakout indicated as on 2nd Sept 2020 till 2nd Oct 2020
W pattern also formed as on 2nd Sept 2020 till 29th sept 2020
Currently breaking 100 day horizontal channel high (183.5) , however last candle was doji .
Await next candle for confirmation
9 day EMA > 21 day EMA > 50 day MA
RSI >65
Buy above 183.5 at 8th Oct close
Target Height of cup / Height of W for $36 move
OR
Target 2* ATR = $16 move
$BYND - Cup Breakout$BYND
Cup Breakout as on 1st Oct ' 20
Waiting for 100 day horizontal channel breakout
Buy above 167.5 ( latest pivot 167.16)
Target 201.88 ( doji high weekly chart 17th june ' 19)
RSI , Stochastic > 60
9 day EMA > 21 day EMA
