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CUP

XRPBTC breaking above cup and handle rimline!XRP just got a sudden break to the upside both on the xrpbtc chart(shown here) and the xrpusd chart. Here on the xrpbtc chart however we have taken the price action above the rimline of a cup and handle pattern it has been in and if the daily candle can close above this line we have a chance to trigger the breakout on this pattern o this Christmas Day candle and what a beautiful Christmas gift that would be because a breakout of this cup and handle would lead to a massive upside and plenty of gains against btc. The handle of the cup and handle is actually a smaller cup and handle itself so we will watch for that one to trigger first and if it does we wll have fantastic probability that the bigger one will also trigger it's breakout. Ethereum has been having a sizable bull surge recently too and has almost gotten back up to taking back the number 2 spot on coinmarketcap but now it looks like XRP is reaady to defend its position...seems like its currently a great time to be in both coins...although my lions share is behind xrp between the 2. Thanks for reading *not financial advice*
Long
by DrDovetail
1
A Cup and handle appears on xrpbtc!the price action has found resistance on a trendline that fits the angle of the other 2 previous tops and creates a valid rimline for a cup and handle with some very notable upside....should this cup and handle trigger it would not only take us to the price target for the previous inverted head and shoulder breakout that we've been patiently waiting to reach but it would take us up past the neckline of an even bigger inverted head and shoulder pattern that would trigger a serious breakout...so lets hope this cup and handle pattern is indeed valid...we are currently finding strong resistance there but we will soon have the momentum of the orange 40 ma line coming up to meet its resistance which will likely result in it pushing the price up and above the cup and handle rimline. Hopefully this is how it plays out. Thanks for reading! *not financial advice*
Long
by DrDovetail
1
Speculative Fractals estimate btc's next 3 ATH prices + datesthis is completely speculative based on the rising wedge we may currently be in...if that rising wedge maintains it's validity then we have here the next 3-4 potentially ath pricepoint and roughly what month and year we should reach them. What I'm seeing currently potentially is with each new peak and crash we appear to be cutting the size of things in half. The last peak to bottom is roughly half the size of the one before it..if we continue this fractal pattern we should form another cup and handle that is half as wide as the last one we triggered to get to our current ath, which also means we should reach each subsequent new ATH in roughly half the time it took for the one right before it. If this fractal holds, then the 3 upcoming speculative ATHs listed here on the chart as well as their month and year should hold a fairly probable chance of playing out. Of course I am not a financial advisor and unlike most of my TA this one is still highly speculative but i was a fun thought that I wanted to share just in case it were to actually play out this way. Thanks for reading.
BITSTAMP:BTCUSDLong
by DrDovetail
7
XRP 4hr cup and handle pattern overlapping 1day bull pennantShow here is the 1 day chart bull pennant. I will post the 4hr chart below this to get a better look at the cup and handle. The top trendline of the bull pennant is overlapping with the rimline of the cup and handle pattern...which is currently causing double reinforced resistance...I believe however by the apex of this 1 day bull pennant(next 1 day candle) that we will be able to flip that resistance to double reinforced support and continue our breakout upward. We should know by the next 1 day candle....of course always wise to be prepared for the exact opposite outcome as well.
Long
by DrDovetail
4
Slight chance @ both a C&H on 1hr btc chart & an inv h&s patternKeeping this idea neutral now because although both patterns are in play I don't have that high of confidence either will actually get triggered...the main one I'm gonna show first is this Cup & handle pattern that is forming on the 1 hr chart. We can see that the 1hr 50ma and 200ma are very close to completing a golden cross here and that the 200ma on the 1hr chart is so far holding support fairly well....the 200ma on the 1hr chart and the 200ma on the 4hr chart are sort of overlapping right now and acting as a kind of double reinforced support and the 4hr chart is also on the brink of a golden cross as well. If the 4hr charts 200ma can maintain support as well as the 50ma when it comes up above the 200ma if it maintains support I think these 2 patterns triggering can very much so become a reality but for now I'm not that confident in them only wanted to mention that they were worth keeping an eye on....below this in a follow up update I will post the inverted head and shoulder I decided to post it separately so you can more clearly see the cup and handle pattern but essentially the cup is the 2nd shoulder of the inv head and shoulder pattern.
BITFINEX:BTCUSD
by DrDovetail
Cup with handle on XRP !!We can see a Cup and Hands configuration on the XRP/USDT pair in 30 min time horizon. The theoretical objective of this chartist figure is equal to the depth of the cup which gives us a target around 0.60$. As you know, technical analysis is not an exact science, so you should be careful if you decide to capitalize on this opportunity. If you enter the position, make sure you put a stop-loss below $0.5140 and move it up as the price increases. Join us on : t.me/crypto_addicts_free
Long
by Arnaudcrypto
NCI Constructively forming handle base at 15.75 after 6-7w cupNCS NCI is a near $2B business, which just merged with Ply Gem Corp. also $2B business forming larger construction and engineered products business * Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out * Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane Florence * Fibretracement to 0.612 and 0.5 is 8 and 13% gain, however construction stocks grow on calender until Jan-Feb. * Cup & handle formed once return to retrace 0.612 of $17.00 handle will be formed and NCS will jump to 18.75, 19.80 (+25%), 21.55 or 23 range nearing 52w high (23.35) based on typical resistance zones. * Hurricane Florence will inpact Q3-4 sales. August earnings were 0.07 suprise at 0.54 from 0.47 expectations. * No dividend and slight selling with insiders. Looking for 20% target here with handle form, and 25% entry now. HD LOW
NLong
by Pokethebear
2
Inverted cup and handle spotted priceaction testing necklineIn dark turquoise here I ahve drawn an inverted cup and handle pattern...the price action has sent a wick to the neckline...should we not climb back into the symmetrical triangle by the time this candle closes probability is very high that we could trigger this cup and handle pattern...if so the target drop would be down to the bottom trendline of the weekly descending triangle pattern...I think we could see nice support there around 5845 or so. This may of course though be a bear trap and we still have time to climb back into the symmetrical triangle pattern before the candle closes...try to be prepared for both outcomes.
BITFINEX:BTCUSD
by DrDovetail
XRPBTC Primary PredictionGang, I am going to keep experimenting with this pattern. I think we are going to see a correction around 6,450, but that's okay we will still hit our target on the chart. Buy the handle. Set a tight stop loss. 5-10% loss with close to 50% gains. Let's get it gang. ***A 100% drop playing out throughout the rest of the year is still very possible. If you ask me though the bullish risk to reward on the long term is mind blowing. We are in buying territory on the long term. ***Always remember to pay homage to the gang, and keep movin that bread. \w/ ***LTC TIP JAR: MNW7HLttWjNzwEEMsDYpMNEUWi1Kct6vVr
Long
by SheepGangShepherd