Simple weekly chart here, RLC broke out of a falling wedge earlier in the year, with targets around 4.32 and 5.76. Note - Last time OBV rose to these levels we saw a spike up to 10-12 dollars. We also see golden crosses on the 50/200 day EMA and MA
Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%. Here's my previous bearish idea:
Suku has formed a nice bull flag here after breaking out of its falling wedge. Confluence: Golden cross on the 50/200 day MA (dotted), and has been sitting in between the 50 and 200 day EMA for 40 straight days now, and is one of few in the crypto market that has yet to break above its 200 day EMA. Targets remain the same as on my previous post. We could even...
Curve has primarily been within a parallel downtrend on its logarithmic chart (3 day chart shown here). It broke above that channel and moved nearly a channels width above it, before breaking back down into the same trend. Often when we see a strong channel breakout that eventually falls back into the channel, crypto charts have a tendency to test a breakout on...
Let's see if this idea works out: FARM has reached the bottom of a parallel channel uptrend after breaking out of a falling wedge. The measured 1.5x target for a breakout at the top of this channel lines up exactly with the 1x measured target for its falling wedge breakout, or around 64 dollars. Idea invalidated if we lose channel bottom.
Cross the neckline and stay above it and SUKU will have a confirmed HSi on the daily chart here. Targets are marked on the chart w/ solid green lines, halfway to TP 1 is marked with a dashed green line. Failure if we are unable to get and stay above the neck.
FARM/BTC may be forming an adam/eve reversal pattern. It has a long way to go before confirming that and could head down further before turning up. OBV has been rising throughout its downtrend, and RSI has done the same - recently making a new low above 30, which is another indication of a possible reversal.
This is the 6 month HA chart. We can see that Euro was in a parallel channel uptrend over most of its lifetime against US Dollar. We've since had a parallel channel breakdown. Measured 1x and 1.5x targets for a parallel channel breakdown are on the chart. Reminder, this is a long-term view, which could take quite a few years to complete, if valid. ...
YFI has both broken out of its falling wedge, and formed an Adam & Eve reversal pattern at the end of that breakout, neckline already has a breakout. Before heading to targets for either (targets on the chart): - I'm expecting it to push just above the 200 day EMA, potentially near the halfway point to its falling wedge TP 1, or around 8800-9k It will likely...
Previously posted a falling wedge pattern. After breaking out of that wedge, it has formed a parallel channel (non-log chart). I think there's a good chance we get a channel breakout as well, which would move previous falling wedge targets up a bit. Why a good chance? SUKU has a golden cross on the 50/200 day MA (dotted lines), and is currently sitting...
Quick 3 daily chart on FARM/BTC pairing: - RSI and OBV have been moving up as Harvest Finance moves down vs. Bitcoin. - Pattern confirmation would be a close and hold above the yellow neckline
Here's a more bullish chart for Bitcoin, should the expanded flat correction play out and take us to a new ATH: *** This idea requires DXY to turn back and continue its downtrend, a resumed uptrend would likely negate this *** Expanded Flat stopped just below the 1.618 on the trend-based fib measurement (logarithmic), first stop after crossing ATH and 100% would...
As other major markets presently indicate similar targets, Nasdaq index also shows a pattern with measured targets pointing towards a same or slightly lower high double-top. I'm seeing this as a possibility across stock and crypto markets in correlation with a long-term bullish US Dollar Currency Index (DXY) that recently experienced a strong correction and may...
YFI is attempting to break out of its weekly channel for the 2nd time, last time it failed but has since kept pushing on it. Let's see if we get an actual breakout this time. First need to see it get and hold above the 200 day EMA, then targets come into play. Otherwise lose the top of the channel and it may either push for a 3rd attempt, or it could swing...
Ethereum broke out of a falling wedge and is showing a golden cross on the 50/200 day MA (dotted), and approaching the same on the 50/200 EMA. Its falling wedge TP 1 lies right around the neckline of a Head and Shoulders pattern that we fell below during Spring of 2022, as well as the right shoulder. Falling wedge TP 2 lies just near previous ATH. Get above...
Finding myself intrigued by Bitcoin Cash. We recently hit bottom a 2nd time and have thus far begun moving up, breaking out of a small falling wedge (on the non-log daily chart, the logarithmic weekly chart is what is pictured above, but it still has the wedge and targets from the daily non-log chart). Why am I intrigued, outside of a potential double bottom? ...
Quick post - SUKU is at the bottom of a daily chart falling wedge. OBV has been rising throughout its entire drop since first being listed on Coinbase. A move from here towards top of wedge could easily do 65-75%, and a falling wedge breakout could lead to significantly more ~260-280%. much more if we see continuation following if such a move were to occur.
Broke out a while back, finally starting to move above 200 day EMA. Hold above 200 day EMA - head to targets, else - re-test wedge top first.