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CUP

BAH a tailwind into a Cup and Handle With recent cyber security hacks plaguing the US online infrastructure, a company like $BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read was primarily that a good Cup and Handle starts with a 30% "Bump and run" as seen in the blue highlighted box. The book stated a U shape cup with a 5-30% rounded bottom is ideal, like that in the highlighted red box. For a proper Cup and Handle (40% potential rise after the handle) I would need to see the right lip get near (lower is better) the price of the left lip. Followed by a rather dramatic handle formation during the following two weeks.
NYSE:BAHLong
by AndreGallardo
BTS/BTC - Cup & Handle - 1D A cup & handle formed on the daily as I predicted yesterday. We can set the target at ~195 sats using Fibonacci retracement. This is slightly below the Fibonacci level. It might be smart to sell here, wait for a sell off and buy it back a tad cheaper. Cup and handle is a bullish pattern that indicates an upward movement after completion. In the current situation, this would indicate that we will see upward movement the coming week. Bitshares is also going to make an announcement today regarding staking & NFTs, which could give us more upward momentum. The MACD has bounced, giving us room for bullish continuation. The StochRSI is also low and pointing upwards, which could indicate bullish continuation aswell. We have hit the 150 sats zone a lot recently, we have to break through these levels. If this happens, I believe we can easily approach 200 sats in a short period of time. I think BTS is looking good, both on short and long term. The coin is heavily undervalued and I believe it will most certainly reach its 1$ ATH again. For the short term, you can use Fibonacci retracement tool to find major sell off points. On the medium term, I think 0,095$, 0,11$ and 0,20$ are good targets. And for the long term, I think this coin can become worth anywhere between 1 and 15$.
BLong
by ElonMoonsk
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