Haven't checked dashusd on other exchanges yet for confluence but on the Kraken exchange it looks ready to blow! *not financial advice* . We see here a symmetrical triangle in an uptrend attached to a flag pole= bullish pennant. If it reaches the pennants breakout target we are looking at a target of around 200-220, if it only reaches the triangles target it will...
If we break out bullishly here, it looks very bullish indeed, we have a couple horizontal resistances to overcome the current one at 9595, and the grey horizontal a few pips above that...the projected breakout target also requires we break above this turquoise horizontal as well and if we were to do that that would be a HUGE bullish sign BTCUSD will have achieved...
XRPBTC breaking up with authority! Has now sent a wick above the 1 day 200ma...I will wait to see a 1 day close above the 200ma or bullish action taking price action multiple pips above the 200ma + a surge in bullish volume before I'm confident it won't be rejected by the 1 day 200(in blue)
It looks like xrpusd price action is finally triggering its breakout from the inverse head and shoulder pattern after it spent the last couple weeks dancing above and below its neckline. It formed this white symmetrical triangle pattern and has broken up from it we are also finally inching above the descending white trendline of the monthly log chart triangle...
lots of bullish pattern convergence happening on multiple timeframes here...the probability overwhelmingly favors at least a short term bull run here..but when it is this overwhelming we always have to consider a fakeout. Despite that I'm leaning long enough to mark this idea long even though a fakeout is very much still in the cards. Patience is key here. The...
Alt season may finally be here! Looking at the 1 day chart on the Altcoin Market(total2), We can see the current trajectory of the golden cross has it happening on the 7th of february...however we are seeing a big surge in bullish momentum that could move the goldencross trajectory even sooner as price action has broken up out of the green falling wedge here and...
Eth has a chance to break up from this weekly triangle pattern and climb to $800-$900 but it must first close a couple consecutive weekly candles above the 1week 50ma which is currently resistance.
so far its staying above the neckline so that's a good sign. If it does indeed trigger the cup and handle breakout not only should it climb to 243.29 but that would almost guarantee the golden cross will be sustained...which would undoubtedly lead to more upside this is just the immediate pattern...there is also a much larger weekly/monthly triangle pattern we...
For now this is still more speculation than anything else on my part...but I think with the current weekly bullflag and the 1hr cup and handle we have both having the exact same breakout target of 10.2k, it would not surprise me if it went slightly above that breakout target to reach a level with our previous lower high of 10.3-10.4k thus completing a bigger cup...
The double top possibility for the bears has been eliminated as Bitcoin has once against surged passed the double top zone into the 9300s. Leaving only the cup and handle left of the two options; a great sign for the bulls. of course we need to make sure that price action stays above the rimline(horizontal pink line) in order to trigger the cup and handle...
We can see here on the 4hr chart how the recent bullish breakout has reached the exact same height we reached on January 19th of 9190 before retracing opening up the possibilities here for both a cup and handle(bullish) or a double top(bearish. Currently I think the cup and handle has a higher probability of occurring. I anticipate that we will probably retrace to...
IJust had a successful 5x long from 8200 to right where the candle wick has stopped here just barely shy of the falling wedge breakout target. I will now wait for a couple daily closes above the 1 day 200ma before reopening any long.....overall pretty satisfied with this one even if it doesn't hit the target with 100% accuracy(which it still very easily might)...
I've seen bigger fakeouts than this so although probability is now heavily favoring a bullish breakout here it wont be until we flip the 8504 horizontal trendline back to solidified support that I am absolutely convinced that is the direction we'll be heading. So far however it is looking very bullish.
As with most h&s patterns they are usually also accompanied by a potential falling wedge and this one is no exception. Hard to tell yet which pattern will win the battle so here are both potential targets:
this pattern has not yet been validated quite yet but should confirm either the breakdown or the fakeout within the next 2-3 4hr candles max. Probability is currently favoring the breakdown and if that occurs the target will be 7.6-7.7k. A break downward here could also flip the momentum and lead to further downside from there with 7427 as the next potential...
Price action headed back to the rimline. Needs to close a few consecutive 4hr candles above that line and have a surge in bullish volume to confirm the breakout. Fakeout still possible at the moment but wise to keep a close eye on this one.
Looking pretty good for alt coins here as we can see price action is now abck above the weekly 50ma. If wee can close 2 consecutive weeks above this orange line here we should see alt season finally underway. we can see we appear to have finally broken out of the red falling wedge we were in here so that should help trigger sustained price action above the 50 ma...
gotta wait for confirmation to confirm the breakout of course but XRPUSD is finally waking up here...if it were to breakout the target is 30 cents. As a sidenote, the TD Sequential(not shown here)m just recently flashed a buy signal on xrp as well giving a little more bias to a bullish outcome here...still wise to wait for breakout confirmation or fakeout...