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Cup And Handle

TOTAL2 at Crossroads: Alt Season or Triple Divergence CorrectionBy now, it’s no secret that everyone’s watching the cup and handle forming on the TOTAL2 chart (crypto market cap excluding Bitcoin). A clean break above 1.71T (2021 high) would confirm the pattern and likely ignite an alt season — maybe even reminiscent of 2021, where altcoins more than quadrupled in value. That’s the bullish scenario. But let’s weigh the other side too. ⚠️ Bearish Warning Signs Triple Bearish Divergence : The RSI has been flagging weaker momentum even as price retests highs. Stochastic RSI Overbought: It’s been consolidating at overbought for almost 3 months, right as this divergence has been forming. These suggest the breakout could fail, at least in the short to mid term. 📉 Key Support Levels if Rejected 1.42T (38.2% Fib + EMA 20 ): First support, already acting as dynamic trend support since Q2 2025. The band is projected via Bollingers with 1 standard deviation setting. 1.27T (50% Fib retracement): Previous strong S/R flip. If TOTAL2 loses this level, deeper corrections across major alts such as Ethereum, Cardano, Solana are likely. ⚡ Summary: We’re at a fork in the road. Break 1.71T cleanly → potential alt season. Fail here → correction toward 1.42T or even 1.27T. Either way, these levels are where opportunity lies for traders. 📌 DISCLAIMER: Educational purposes only. Trading involves risk and can result in loss of capital. Always do your own due diligence.
CRYPTOCAP:TOTAL2
by Alchemy Markets
This $PENGU Can Fly Summary COINBASE:PENGUUSD has traced a broad 2025 “cup” base, with April setting the low and price now back to the January supply shelf. Price forming a bullish wedge just below all-time highs. As we retest what I call the "blue sky" box, we attempt to resolve a contracting wedge to the upside, printing a fresh daily higher high (HH). While price accepts above local resistance, the path of least resistance is higher with an initial magnet toward the ATH "blue sky" box. Market Structure and Setup The higher-timeframe structure is the completed cup + reclaim of the former supply shelf ("blue sky" box). On the daily, the sequence is: retest of the shelf as support → wedge compression → upside break → HH. This multi-timeframe alignment (HTF reclaim + D1 momentum) provides defined risk against the shelf and clear upside reference points (ATH → extensions). Fibonacci-Based Upside Roadmap Anchor the swing from the April handle low to the August/September impulse high. The roadmap is: First waypoint: prior ATH band / 1.00 extension (supply; expect reactions). Continuations: 1.272 and 1.618 extensions of the April → August leg as conditional targets if ATH is accepted and weekly momentum persists. These are waypoints, not promises—active only while price holds above the reclaimed shelf. Microstructure: Acceptance > Expansion The break produced a HH, but the higher-quality entry often comes from acceptance: a shallow pullback that holds the top of the blue box and forms a D1/4H higher low (HL). That HL becomes the pivot to trail against. If momentum continues without a pullback, treat local range highs as a go-with trigger and manage tightly. Execution Plan Setup A – Retest Buy (preferred): Accumulate on a controlled retest into the blue breakout box, then look for a 4H reclaim and higher low to confirm buyers. Invalidation is a daily close back below the shelf or loss of the HL. Distribute into the ATH band first; let a runner work toward 1.272/1.618 if acceptance above ATH materializes. Setup B – Continuation Buy: If there’s no retest, enter on a clean break-and-hold above the recent HH as a momentum trigger. Invalidation sits under the breakout pivot (last 4H swing). Use smaller size and trail faster given the paid-up entry. Setup C – Failed-Break Short (contingency/hedge): Engage only if price loses the shelf on a daily close and then rejects on a reclaim attempt from below. Invalidation is re-acceptance back above the shelf. Targets are the cup’s midpoint and the 50–61.8% retrace of the April → August impulse. Invalidation Criteria Near-term: a daily close back below the blue shelf = reclaim failed; stand down and wait for fresh structure. Structural: a weekly close back inside the mid-cup range would negate the completed base and argue for more time/width. Risk & Sizing Risk ≤1% per idea; position size = account_risk ÷ (entry→stop). Cut risk further if liquidity is thin or wicks are frequent. Use reduce-only stops and avoid clustering at obvious lows/highs. Take 30–50% into ATH supply; trail the remainder beneath 4H HLs or a fast EMA pair (e.g., 8/21) to self-finance the trade. Fundamental/Flow Linkages As a high-beta crypto/NFT-adjacent asset, PENGU’s tape is sensitive to broad crypto liquidity, meme-beta flows, and listing/funding dynamics. A trending BTC/ETH backdrop and favorable risk sentiment are supportive; adverse headlines, liquidity air-pockets, or exchange changes can truncate moves abruptly. Key Risks Crypto beta: a risk-off impulse in majors typically unwinds alt momentum irrespective of local structure. Liquidity/venue risk: thinner books can produce stop-hunts and gap moves; listing or market-maker changes can impact spreads. Narrative fatigue: meme/NFT-linked tokens can overshoot then mean-revert sharply as attention rotates. Technical failure: acceptance back below the shelf converts today’s support back into resistance and invites a deeper cup-middle retrace. Conclusion While PENGU consolidates around ATHs, I want to be long on retests that form higher lows or on clean continuation through range highs. First distribute into the ATH band; if acceptance builds above it, press runners toward the 1.272 → 1.618 roadmap. Lose the shelf on a daily close, and the trade is off until structure rebuilds. Not financial advice. Levels and sizing should be adapted to your process and constraints.
PYTH:PENGUUSD
by seaphoss
EURSGD - 5 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Long
by TheArtOfCharting
EURCNY - 5 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Long
by TheArtOfCharting
BBAI – Cup & Handle Breakout Potential | Watching the $6 Level BigBear.ai (BBAI) is developing a **classic Cup & Handle formation** after months of consolidation and accumulation. The stock is currently trading around **$5.3–5.4**, sitting right above its long-term ascending trendline, and approaching a critical resistance zone. --- ## 🔹 Technical Setup - **Pattern:** Well-defined Cup & Handle, historically a bullish continuation pattern. - **Support:** Trendline around **$5.0** has been tested multiple times and held. - **Resistance / Breakout Zone:** **$5.8–6.0** → key level to watch. - **Upside Targets:** - 🎯 First target: **$6.8–7.0** - 🎯 Secondary: **$7.5–8.0** - 🎯 Extension: **$8.5–9.0** if momentum continues - **Invalidation:** Breakdown below **$4.9** negates the setup. --- ## 🔹 Fundamental & Sentiment Context - 💰 **Cash Position:** ~$390M cash on hand. - 📦 **Backlog:** ~$380M in contracted revenue. - 📉 **Challenge:** Q2 showed an **18% YoY revenue decline** and lowered FY2025 guidance ($125–140M vs. $160–180M). Profitability remains an issue. - 📊 **Market Sentiment:** High short interest (~70M shares) → potential for a **short squeeze** if breakout confirms. - 🛡️ **Competitive Landscape:** Palantir secured large contracts, but BBAI still has niche opportunities in AI/defense. --- ## 🔹 Trading Thesis The setup is clear: **Cup & Handle nearing breakout**. If BBAI **closes above $6.0 with strong volume**, probability for a continuation move toward **$7.5+** increases significantly. Risk/reward looks attractive for swing traders, but discipline and risk management are critical. --- ## 📈 Conclusion BBAI is approaching a **technical inflection point**. A confirmed breakout could unlock strong upside momentum, fueled by technical structure, liquidity, and short interest dynamics. However, fundamentals remain mixed → this is primarily a **technical swing setup** rather than a long-term investment thesis. --- ⚠️ **Disclaimer:** This idea is for educational purposes only and does not constitute financial advice. Always conduct your own due diligence and manage risk accordingly.
NYSE:BBAILong
by aviranos
XRP Daily Chart – Bullish Breakout & Trade PlanTrend Structure: Price has broken above a long-term descending resistance line and is now retesting it as support. Dynamic Support: Holding above the 50-day moving average, which is acting as a launchpad. Pattern: Cup and handle formation visible — a bullish continuation setup, pending breakout confirmation. Momentum: RSI is holding above 50, indicating positive momentum. MACD is above the signal line with a green histogram, suggesting bullish pressure. Volume: Currently average — a breakout with higher volume would add conviction. Catalyst: Potential ETF-related news could accelerate price action in either direction. Support Strength: Strong base; would require significant selling pressure to break. 🎯 Trade Plan Bias: Bullish, but awaiting breakout confirmation. Entry Trigger Aggressive: Enter on current support hold above 50 MA with tight stop. Conservative: Wait for a daily close above the handle’s resistance (~$3.17–$3.18) with increased volume. Targets First Target: $3.17–$3.18 (handle breakout zone) Second Target: $3.34 (measured move from cup and handle) Stop-Loss Below $2.79 (beneath retest zone and 50 MA) to protect against false breakouts. Risk Management Risk 1–2% of capital per trade. Adjust stop to breakeven once first target is hit. Notes Watch for volume confirmation on breakout. Be mindful of ETF news timing — could cause volatility spikes. If price fails to hold the 50 MA, reassess bullish bias.
BINANCE:XRPUSDTLong
by TheChartHawk
Solaris (SEI ) tempting an assault to a C&H at base 3Key points at the time of writing. ✣ We are at a new market cycle since June 2025 ✣ Market Direction is Up 90% ✣ Stock Fundamentals are almost good, only missing yearly earnings for now. ✣ Institutional Ownership is 67% (marketbeat.com) (no quarterly data) ✣ Stock technically at base 3. ✣ TTM Performance of 193% ✣ Good Volume profile. The stock shows evident signs of accumulation with a Highest Positive Volume Ever last week which broke the handle down trend. I expect it to rally If the handle buy point is broke hopefully with good volume.
NYSE:SEILong
by AL26
XRP Cup & Handle – Testing a Key Breakout ZoneXRP has built a textbook cup & handle formation on the daily timeframe, a pattern that often signals continuation when confirmed. Cup Formation: The rounded base extended across several months in 2025, absorbing selling pressure and establishing support. Handle Development: A descending wedge formed as the handle, pulling price back into prior resistance. Breakout Test: Price is now pressing against the neckline (~$3). Sustained closes above this area are critical for confirming a breakout. Measured Move Projection (example, not a guarantee): A typical cup & handle breakout can project a move equal to the depth of the cup. In this case, that points toward the ~$4.20 region. Key Levels to Watch Support: ~$2.80 (handle low / prior consolidation zone) Breakout Level: ~$3.00 neckline Potential Projection: ~$4.20 if breakout confirms Takeaway The setup is clear: XRP needs to confirm the breakout with sustained closes above the neckline and rising volume. Without confirmation, the pattern risks invalidation. This is an educational chart only - not financial advice. Market movements are unpredictable, and past performance is not indicative of future results.
COINBASE:XRPUSD
by NoahDefraties
1
GOLD (XAUUSD): Time To Fall!?Gold appears to be respecting a falling trend line on a 4H time frame. A strong bearish pattern seems to be emerging. The price has formed a cup and handle pattern and is currently testing its neckline. The next confirmation for a bearish trend is to watch for a breakout. A 4-hour candle closing below the 3620 level would validate the breakout. Subsequently, a bearish reversal could be anticipated, potentially leading towards the next support level.
CAPITALCOM:XAUUSDShort
by linofx1
10