Why +208% on TRX is an underestimation ?#TRX/USDT Analysis
Description
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+ TRX has been moving upwards slowly while forming the cup pattern.
+ This slow move of the TRX has given it enough time for the accumulation
+ Once the price breaks this resistance line i'm expecting back to back God Candles.
+ This is a good opportunity to enter a LONG position with TRX.
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VectorAlgo Trade Details
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Entry Price: 0.13866
Stop Loss: Below 0.09780
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Target 1: 0.17930
Target 2: 0.22480
Target 3: 0.30028
Target 4: 0.43250
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Timeframe: 1W
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
CUP
SOL/USDT - Jumping from the Bowl - SOL had a nice cup patter and showing overall bullish sentiment.
- If SOL manages to break its Previous Resistance level then its an easy run for SOL to reach new highs
- Currently price is around the support zone and this consolidation is expected to continue for couple of days
- Once this consolidation is over we can expect the price to bounce up, if the price breaks the support zone then we are looking at bearish trend for SOL.
- lets hope SOL breaks its resistance level and reaches new Highs.
Regards
VectorAlgo
🔥 Bitcoin Looking Very Bullish: Cup & Handle Bitcoin has been performing extremely well over the last two weeks.
In previous analyses I wrote that I expected the ETF to be a longer-term top. We dropped over 20%, but I expected we would drop to the 35k-30k area. Yet here we are, retesting the pre-ETF launch resistance merely a month later.
As of now, it's more likely than not that BTC will make new highs in the near future. Price action is strong, and so is the stock market. However, there's a minor risk in the very near future, which is the very overbought RSI.
With a 4H RSI at 83 points, it makes it risky to step into a short-term long position at the moment. I'm expecting the price to correct a couple of percent to let the RSI cool down a bit.
This would be a great entry for a longer-term swing position, since there's a high probability that BTC will break through 50k with force on the next leg up, creating a nice cup & handle pattern.
TEZOS FORMING A POSSIBLE CUP AND HANDLEIn this chart of BINANCE:XTZUSDT , the coin is forming a possible cup and handle formation,
a bullish pattern in trading. In this idea, I will provide some keys and strategies in trading at this stage. So, stay tuned for the updeates on the idea threads below.
Happy trading and may all of us more profitable this 2024!
UNION BANK LOOKING GOOD TO BUY - LONG TERM INVESTMENT CUP PATTERN
Entry Price - 100
SL - 80
Targets - 120,140,170
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APTOS/USDT 1D. Cup forming. Phases. Target zones. Time zones.Here's hype Aptos blockchain chart.
When listed, dumped huge by about 71%. Similar as SUI for example now. After that - rocket pump for about 565%, showing "strength" of an instrument.
After that pump, huge cup started to form, which is shown in this idea.
1st phase of this pattern - is descending in the downtrend trend channel. You may also call it ABC correction.
After that, being in this channel - falling wedge started to form, which gave the beginning of the second phase of this big cup potentially(!). From the height price has corrected for about 85% of the impulse to the previously resistance of the local accumulation zone, which was also the first stop during the pump.
We're now being in the second phase of this cup, which is - accumulation. Right now potential horizontal channel is forming. It's worth noting, that this can last for a very long time, so you should notice that.
But, the plus is, that this asset is only the first cycle on market, so due to it, it might move very quickly(volatility), which can be used.
As for now, the price of the Aptos is breaking above the falling wedge and forming potential bull-flag(consolidation in the form of a triangle after an impulse). Hence - if the price breaks above this local triangle - the target zone will be the amount of the previous impulse which is about 82%. I have marked the potential targets zone on chart.
As a bonus, i have also pointed the approximate time zone of each next phase of a cup potentially:
1) 3d phase is rise towards the resistance of the cup, which is firstly 12$ zone, then - 20,4$ zone. This could happen somewhere in the spring 2024(april-june).
2) After that - next phase, which is the 4th one - breakout of cup and rise, which falls approximately on Fall 2024 in the date somewhere of october-november 2024(as altcoins local season right now).
As for now, the price is between 2 zones - support zone, which previously acted as the resistance, and the resistance local zone, which previously acted as support, this two zones form the channel, which the price is currently in right now.
Until we're walking in this channel - we might still see the move somewhere to the middle of the channel or even it's bottom part, to retest the broken falling wedge. Might even be the false breakout downwards if the market sees capitulation at the moment. Yet, it's likely to be bought out quite quickly. As to that matter, you might even use this period(somewhere about january-february potentially), if it will occurs, or just skip it and stay calm(don't react).
If price breaks the resistance - it might move to the next resistance zone, after which it's very likely to see the pullback(mention timezone above), after which rising to the resistance of the cup. In that case - very beautiful cup will be formed, which is very good for the manipulator(people will see that cup). After that, the price might see the movement to somewhere about 60-100$ zone approximately. Better make the update later with the clear targets. But those are the approximate milestones of this cup.
The volume is now seeing the compression, which can be observed on the volume indicator.
UNFI ON PACE OF A BULLISH MOVEIn this chart of BINANCE:UNFIUSDT , the coin is forming a possible inverse head and shoulders pattern as presented on the thumbnail.
It could also form a cup and handle due to slight inclarity of the head and shoulders.
But both patterns citing a possible BULLISH movement for the price of $BINANCE:UNFIUSDT.
On a daily perspective, the price has reached a critical Fibonacci area of $9.164 as shown in the chart below.
Will update the target areas for a possible break plays below. For now I'm waiting for a breakout that could be (hoping) just hours from now :)
Always PLAN your trades and happy trading!
STX - broke out of CUP consolidationSTX rise that began in late Dec last year was disrupted as it went into a multi-month cup consolidation from February. Last week, it finally broke above the neckline of this CUP @ 71.50 on strong volume.
A number of technical signals are now going right for STX and it appears a trend continuation is underway:
1. its 200 day moving average is now subtly curving upwards
2. MACD on its MONTHLY chart has now begun to cross up into positive territory. This is significant and likely signals a longer term bullish outlook (whip saws not withstanding).
Any dip back towards the neckline @ 71.50 will be a lower risk opportunity to long with initial stop loss below 67.50. Trail profits up should trade goes our way.
Disclaimer:
TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
Crypto Cup & Handle Alert! 🚀 Entry .90c-1.00 | Targeting $8.00Entry .90c-1.00
Clear cup and handle pattern.
Repeat of cup from .93c gives a completion target of around 8.00
KATANA INU. KATA/USDT 1D. Mem-coin. Chart.Here's Kata Inu mem coin chart.
Very technical instrument. In the main trend we can see an uptrend forming.
Secondary trend potential Cup. Previously falling wedge has been formed which has recently broken above.
Right now descending channel is forming with an amplitude of 102%.
In case of breakout of this channel - potential of 200% is opened. Then, midterm, if price breaks above the resistance of the cup - more 200% potential is there.
Also there's a potential uptrend channel forming which is shown on the chart.
The coin is moving very technically.
Cup n' HandleUnconfirmed cup n' handle pattern on the 1h chart for BINANCE:HBARBTC
What is confirmed?
- We have a cup
- We have a handle
- We broke above the handle and have held above it
- We've held above highs near the early formation of the left side of the cup
What's required to complete confirmation?
- Break and hold above the red line at 256 (252 was the highest close on the left side)
Target?
- 320 sats as an aggressive first target is displayed on the chart
- aggressive because it's measured from the cup shape and its wick lows rather than the candle close lows to cup top
- A more conservative target would be around 300, which may also act as a psychological resistance
My nice graphic got messed up when posting, so here it is again:
Notes:
- I also prefer to see it remain above 233, and it needs to get back above 246
- Links to related higher timeframe ideas for HBAR are linked below
- Cup top is the top of a current resistance area as seen on this other chart
Bowl pattern breakout
Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India.
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a Star Export House.
Why this stock at trending reason below
Why is there a rice shortage? Bad weather in rice-producing regions around the world led to a drop in rice production in 2022. In 2022, parts of China known for producing rice were hit by devastating flash floods. At the same time, different parts of China that also produce rice were impacted by severe drought.
1000cr+ market cap company
PE ratio 9.03 industrial PE 39.9 (low PE value)
20+ both ROE & ROCE
EPS 22.8
Debt to equity ratio 0.2
PEG RATIO 0.38
Quick ratio 1.65
Current ratio 4.27
Fundamental is strong
Technical analysis
Life time high level treading
2year required complete Bowl pattern and breakout at level 150-155 level sentimental resistance of 150 breakout out now create one Bowl at level of 200 breakout locking take new high of 280+ keeping stop loss of 160 below get target of 280+
INTC - Bullish CUP (and handle?)INTC first broke out of it's base neckline @30.50 (as well as it's 200 day Moving Average) on 29 March. However, its movement has been very erratic since.
Last Friday's post earning's strong gap up changes the picture considerably IMO as it has now completed a "CUP" formation (a bullish pattern with higher odds of success).
2 possible scenario could happen next:
1. it breaks out of the CUP with hardly any pullback (ie no "handle" being formed) or,
2. it begins to from a "handle", which is likely to be a shallow 38.2% fib retracement towards 34.90 where it fills the recent gap. This level is just arbitrary but in any case, a pullback would provide a less risky opportunity to long (or add to) the stock with a stop just slightly below 33 (61.8% fib retracement).
When the stock eventually breaks out of $39, then the next target @ $43 is in sight, although expect it to move in a zig zag fashion up.
p/s targets are for shorter term traders, who may prefer to take profits and look for opportunity again during the next pullback.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
🔥 Bitcoin Bullish Cup & Handle Pattern: Wait For Confirmation!BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards.
Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade.
Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.