CUP
Potential Cup and Handle on GOLD?Currently Gold is staying on 1535.5, which is a really hard support.
Based on hourly timeframe, we can see that Gold has formed a CupnHandle chart pattern, which is a good sign for bull. Adding with continuous tradewar dramas, I do believe that the potential for Gold to achieve 1600 is possible.
My idea is that Gold will rebound from here, which TP will be around 1550, then will do a correction until 1545, and will form a continuous uptrend.
Worst case scenario, if Gold successfully break through the 1535.5 support level, it's time to short to 1530.
Iota preparing for MASSIVE move!Note the following from my 15m chart:
A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST.
B) The 50 day moving average is currently acting as a support.
C) A cup and handle has formed which is a strong indicator of an up move.
D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
Altcoin MCAP - potential Cup + HandleLooking at the altcoin market cap, we have a potential cup and handle formation.
Potentially, the cup last a longer time to 'fill' before launch but it could also happen within the next 30-45 days.
Bitcoin could see 9.7k and likely flirt with 10k and support these prices for a week or so before correction.
Our hope is that Bitcoin's price remains stable long enough to support the flow from bitcoin into alts before said correction ensues for the entire crypto market. (Maybe)
ltcbtc chart at a cross roads.We can see LTC had a very ncie pump against btc after its ltcbtc golden cross occurred on the daily....it has since corrected and appears like it may have a chance at triggering a cup and handle pattern...however the threat of a 1 day ltcbtc death cross quickly approaches. If the death cross is to materialize this cup and handle pattern will most likely fail...and on the flipside validating this cup and handle pattern could help prevent the death cross...so for now against btc ltc is at a cross roads and could easily continue either way, For this reason this idea will remain neutral.
LTC has an opportunity to reach $179 if it confirms daily c&hLooking very bullish breakout should likely be confirmed soon enough. This is essentially just saying the same thing as my march ltcusd chart says, except now the handle of the cup and handle is not only an inv H&s but a smaller cup and handle itself as well.