XTZ has broken out of a parabola curve, which predicts an 80% retracement of the advance. Personally I'd expect a retracement to the rectangle formation that Tezos originally broke out of. R/R is bad for a short setup, but if I owned any, I would consider liquidating or hedging here. Also might be worth looking at XTZBEAR tokens.
Ripple XRP has (barring a massive nuke before today's close) finished a rounding bottom pattern. I don't like the current price as an entry, but if we get a throwback to support, I'd love to get a long in. Target is based on height of the patterns (the "measure rule").
Chainlink $LINK has officially (if it closes here) closed higher vs BTC than it has ever before, and in doing so has also taken out a consolidation ascending triangle. I'm very excited to see where it will go from here.
The following is an updated chart based on my original idea that the 2019 price action looked similar to 2012 / 2013 price action. The scale has so far deviated, but the price action remains similar looking. Assuming that trend would continue, here is what the chart would look like. I'm not a fan of logarithmic charting, or the absurd price forecasts it creates,...
0x has moved up from a bottoming range into an uptrend, for which it has broken out of leg one. My expectation is further appreciation in value, especially considering the lack of attention this coin has gotten.
Steem recently broke out of it's range, and is now appearing to move up. Currently buying, might go a bit deeper with limits. Would like to see a relatively quick pump up on this chart to confirm this.
Chainlink $LINK has recently broken out of a bullish symmetrical triangle pattern following many months of accumulation. The classical charting target for this breakout is $5, but I wouldn't be surprised if we see even higher prices following this breakout!
Litecoin has broken out of a downtrend (could also be categorized as a BARR (bump and run) bottom, and could be primed for another bull run. Expecting a similar move to last time over the coming months. Taking this as a position trade, hoping to produce some good returns. You can see a similar trendline break on the candlestick chart, but personally I prefer...
I've noticed quite often during a breakout from a bear market, Bitcoin will often go test the 0.618 level, reject and then breakout before beginning a new bull run. If this trend holds, we should expect to see a retest in a few months, and hopefully breakout.
$ZEC ZCash appears to have broken out of a bullish double bottom pattern, after several months of steady decline. Expecting a quick pump to target, similar to what we saw with $XMR Monero.
Classical charting target is $41. Might be worth hodling some though, as a longer term trend reversal may continue.
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Ethereum has broken it's parabolic advance and is now likely to complete an 80% or more decline. ETH's breakout looks similar to BTC's 2017 bubble pop (with the difference being that it did not reach a new all time high). To be clear, by an 80% decline, I mean an 80% decline of the advance, not an 80% drop in price.
EOS appears to have broken out of a down channel and is now heading back up. EOS has respected diagonal channels well historically and I don't expect this time to be any different, it's possible this rally will reach new all time highs.
Ethereum's Bitcoin pair has recently broken out of a many year descending triangle setup. The question now is whether we breakout to the downside, or upwards. Remember symmetrical triangles, especially on a shorter timeframe are almost always continuation patterns.
Bitcoin may of completed a bullish inverse H&S reversal pattern, target is 12.1k. I'm not a huge fan of this pattern in general, and this is a very messy one, but considering other fundamental and macro TA reasons to be bullish, I'm long here.