As usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47...
The green symmetrical triangle pattern that also doubles as a bull pennant here on the 3 month btcusd log chart gave us 100% exact precision on the measured move just from the triangle portion of the pattern. We can see the measured move from the triangle alone was the exact top of the recent bull market exactly. We can also see the correction we had the past year...
You can see on this log chart that Avax has confirmed a breakout above the yellow channel. On its way to the breakout target it has los broken above an inv h&s neckline. This is a very asymmetrical inverse head and shoulders pattern as we can see the right shoulder is extremely tiny and the head appears to be Siamese. All the same if this inverse head and...
Primary Chart: BTC's Long-Term Upward Trendline that Has Held as Support since 2013 (Weekly Log Chart) BTC Appears to be holding right at a long-term trendline that has held as strong support since 2013. The chart above is a logarithmic chart, which can help present a more accurate perspective of price action and price relationships when the chart covers a...
I’m partial to it breaking upward from this triangle. Probability also favors it. Still, as always: *NOT FINANCIAL ADVICE*
The bull pennant we are in shown here on the 6month time frame seems to have a symmetrical triangle for its flag. The breakout target for just the symmetrical triangle is in the $33 range. Factor in the pole of the flag and the potential target skyrockets to 1.2k. Definitely not financial advice and certainly no guarantee it will hit either target as it’s still up...
Hi, guys. I brought you a new perspective on the beat. Beat breaks through 22791, and I think it's likely to rise if the candles don't close. If it goes down, it'll hit the blue line and rise.
eth all data in 1 chart. made this too see where we are gonna bottom this bear season. this along with other eth charts supports the bottom to be around 320-305, though if we see a capitulation candle we see bttc around 9.3 and eth around 225-150. please take a look on other charts before seeing this
On the log chart we can see xrpusd has been in this rising channel since it’s inception. Now, if it were to revisit the top trendline again the lowest price we would reach it at would be $138. Odds are it would retest the top trendline way later than that though. I know this price seems absolutely absurd but thats what this pattern is calling for. I will have...
Based on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached. This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high....
Based on where price action currently is in this monthly triangle I think it’s airily safe to assume XRP should have a considerably bullish 2022. *not financial advice*
Looking at the monthly log chart on bitcoin I have pieced together a bit channel that has on the monthly alone over 13 significant touches rom price action. Based on Plan B’s prediction of 280k or so this bull run plus many of tech dev’s charts that suggest we could reach a target of somewhere between 270-300k, I used my own knowledge of basic TA, to assume that...
Symmetrical trihandle should break upward by February then that should take us to at least somewhere aroun 2.20 putting price action above the neckline. If it confirms solid support after that on a retest I anticipate we may see $7 not long after. Also a chance we have some crazy pump to $7 before the neckline retest will have to wait and see how it goes the...
If we could do measured moves on the log chart the same way we do on a linear chart then this pattern would be calling for a breakout target of around $700. That’s sounds way too extreme to me so I doubt you can apply the same measured move techniques from a linear chart to a log one. Would be happy to be proven wrong though. One thing I know is it’s gonna...
just playing around with the fib channel here on the log chart until i found some consistency...i noticed that the blue .786 fib was the top of the 2013 false top and the 2017 true top. I also noticed that in 2013 after the false top it took 7 more monthly candles to reach the true top and wen it did it rose up 2 extra fib levels/colors before it hit that top in...
Assuming it following in the parallel log channel, Nov 15 high/low noted in the chart. Fundamentally, DOT is a good project and has strong growth potential. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...
If we can do measured moves for cup and handles on log charts the same way we do them on linear charts then this cup and handle has a breakout target of $42 which is absolutely massive. I need some confirmation that the moves can be measured the same way before I get too overly excited about this c&h i just found on the log chart. However I did back test the...
On the log chart, you can see a clear upward channel that was broken but looks to be turning around now with a double bottom reversal. RSI is back at 50, the stock is trending upwards and MACD looks coiled.