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Cup And Handle

🚀 MDT on the Rise! Cup and Handle Formation Detected 💎 MDT has recently formed a cup and handle pattern along with CHoCH and BOS, indicating a shift towards a bullish market structure and increasing the likelihood of a bullish move. 💎If the price of MDTUSDT breaks above the resistance level, it could signal a continuation of the upward trend, with potential targets extending to the next resistant levels. In the event of a pullback, it's advisable to wait for the price to exhibit a bullish candlestick pattern at either the bullish OB or the demand area before considering a bounce. 💎However, if both the bullish OB and the demand area are broken down, it would be prudent to wait for better price action to form. Given the overall bullish sentiment in the market, going against the trend could be risky, so it's essential to observe the market conditions carefully before making any decisions.
by MyCryptoParadise_Nathan
DYDX Bulls on the Move! 🐂 Keep an Eye on the Breakout 📈💎 DYDX is currently displaying a bullish market structure and forming a cup and handle pattern, which suggests an increased likelihood of a bullish move. 💎If DYDXUSDT breaks above the resistance area, we can anticipate a bullish movement towards the next resistance level. In the event of a pullback, we can anticipate a bounce from the bullish OB. Confirmation of this bounce would be provided by bullish candlestick patterns. 💎However, if the price breaks down below both the bullish OB and the demand area, it would signify a shift to a bearish market structure. In such a scenario, it would be prudent to refrain from trading DYDX until clearer price action forms.
by MyCryptoParadise_Nathan
TWT Ready to Rally? 🚀 Keep Watch for Bullish Breakout!💎 TWT has recently formed a cup & handle pattern within a supportive trendline, indicating an increased probability of a bullish move. 💎Should TWTUSDT break above the resistant level, we can anticipate targets up to the subsequent resistant levels. In the event of a pullback, we can expect a bounce from the Bullish OB, with confirmation ideally coming from bullish candlestick patterns. 💎However, if the price breaks down below the Bullish OB and supportive trendline, it would be advisable to refrain from taking action in that scenario and instead wait for clearer price action to develop.
by MyCryptoParadise_Nathan
ICICI PRUDENTIAL FORMING COMPLEX CUP AND HANDLE PATTERNThe stock has been forming a beuatiful complex cup and handle pattern which exhibits mulitple handles or cups moreover it has been quite long consolidation phase for the stock . It has touched the crucial resistance level of 606 5 times and is expected to do so again in couple of weeks , upon reaching that it can give colossal breakout as the resistance level has been tested for multiple time making it susceptible to breakout . the target for the same is 607 and 822 levels
NSE:ICICIPRULILong
by keshavmaharaj958
Intraday trade in Bajaj Finserv 05/03/24. Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out. An intraday bullish trade can be captured in the stock. If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made. Target levels :- 1647, 1660. If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets. Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate. Price action must be watched around the levels and trade accordingly.
NSE:BAJAJFINSV
by TheMamboMomentum
SOL Breakout Alert! 🌟 Bullish Momentum on the Rise!💎SOL has recently broken out of a resistant zone and a cup and handle pattern, exhibiting a bullish market structure with signs of increasing momentum, as indicated by CHoCH and BOS. 💎Upon retesting the resistant area, it would be prudent to await the formation of stronger bullish candlestick patterns for confirmation. Once confirmed, we can anticipate price targets towards the next resistant zone. In the event of panic selling, a bounce from the Bullish OB can be expected, but confirmation via bullish candlestick patterns is essential. 💎However, if SOLUSDT breaks down below the bullish OB, it would be advisable to wait for clearer price action to form before considering any trading decisions.
Long
by MyCryptoParadise_Nathan