CUP
LTC CupsLTC Has made a cup over the last 3 months which is a very strong bullish pattern.
It was preceded by a smaller cup. If you look at the previous cup, you can see it made a little handle from $60 down to about $50 (after the monster candle wick) for a couple days before making a strong bullish run into new highs. Expecting something similar as this current cup ends. We should be breaking into new all time high any day now, with a good chance of a pull back to around the $70-80 level to form a handle first before continuing onward!
Not my target, but a lot of the people I follow are predicting $140 for the next move.
Classic Cup and Handle for STXSCompany has been plagued by system issues, dilutive financing, short sightedness and questionable management; all of which are great reasons to say the bar is about as low as it can get on this one. About a year ago a small biotech hedge fund took control (DAFNA), kicked out the CEO and installed new blood. DAFNA also brought in a high caliber roster of accredited investors (including Joe Kiani who is the CEO and founder of Masimo) who have until this point remained very quiet. CEO recently completed a "round the world tour" visiting key accounts and pitched the company at the Piper Jaffray conference.
The chart tells the story; this is a classic cup and handle with a small spike at the end that has since settled down to form another base. We are looking for the stock to take out the $1.10 high on strong volume, which we feel is a near term target in the next 3-4 weeks. The catalyst for this event will be a PR from the company outlining a new strategy to jump start the entire premise of their system as a "robotic vascular solution". Risk reward here looks decent and we are very long.
Final target here is $6.50 which should be in about 2 years.
LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle
formation that is currently close to completion.
It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength.
Pending orders should be placed at a break of the 535 level.
There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target).
We are above the 100 day moving average and ichi.
Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can.
But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
*LONG* Stellar XLM Bullish C&H, Triple Bottom, Rising Pennant We have some very strong indicators for Stellar Lumens right now.
In addition to a triple bottom, there is a strong cup and handle formation that appears to be nearing completion.
This is further substantiated by a rising bull pennant which, upon breakout, should also complete the rest of the handle.
A break above the 0.00000517 neckline will confirm this pattern, which is where buy orders should be placed.
1d MAC D and RSI provide upward growth.
Please be aware the bitcoin/bch whales are playing tug o' war and it may effect how this plays out either way. So please
exercise caution and use stop losses.
Happy trading!
Litecoin How to TradeThe price bounced from 57.00 and 59.00 levels. There is possible the chart to complete the cup & handle chart pattern. We have buy opportunity. If the market moves above 69.00 resistance level , it will be a signal of futher upward movement. Order execution only occurs if the price breaks the pattern’s resistance. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. Stop loss orders may be placed either below the handle (~ 57.00 level) or below the cup (~ 54.00 level) depending on the trader’s risk tolerance and market volatility.
Cup and Handle BreakoutNext target $6
Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to $3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement)
MACD on daily and weekly holding positive and accelerating
Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure
Improving oil and gas drilling fundamentals
Solid Q3
I was bullish on my previous post too early
I'm betting long to 0.002 at Least.. Lets Find out !Cup presenting itself.. where is the handle? Watch for breakout here.. mind you I'm already in at bottom ascending trendline over the year.. so well in the green..
Always got to be on the lookout for top formations though...
Good Luck !!
Good interim results sees BGO moving aheadAfter creating a cup pattern since March 2013,
BGO has every chance of moving much higher.
That depends on if it can profitably grow its business.
MGTI update - +125% GAIN VERY LIKELY! 14MO CUP+HANDLE BREAKOUT10/26 Update! LOOK FOR BREAK OUT CONFIRMATION OF $2.70 FOR PROFIT TARGET OF $4.50
MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :)
I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days.
Once $2.70 is reached and if volume supportive , we have confirmation of a Cup+Handle breakout and first price target becomes $4.50
See my previous charts on MGTI for explanation of the why. But in short.
But in short... take your pick why we're going to the moon. WE'RE GOING TO THE MOON! BUY YOU FOOLS!
The charts don't lie:
3x bullish signals. 14 month Cup & Handle, falling wedge, double bottom.
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Cup and handle formed. No breakout yet.2 year cup and handle formed.
Although it completed last week, it hit resistance and some selling.
Will there be a breakout?
AUDNZD Bullish Inverted Cup/HandleA possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should.
1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful.
2) If it breaks out below point B at 1.08334 then the reversal should be on.
Inverted Cup with Handle
" You must wait for the breakout with this pattern before trading. Too many patterns.....had prices moving upward instead of downward, especially in a Bear market. A breakout is a close below point B, the lowest low on the right rim. "
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Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Second Edition 2005
future cup and handle to bring the price back up based on previous pump, weekly, daily, 3h, and 1h RSI and Stoch RSI. bitcoin will begin the last leg of the markt cycle (on weekly graph) and break highest high after the cup and handle.
ETH/USD 1D Cup and Rocket1D chart showing a cup and handle forming. Once the handle is complete, this new ATH should line up with Ethereums realease of Metropolis on Sep25.
