Falling wedge broke out a good while back but has yet to make a strong move up towards measured targets, as shown above on the 3 day chart. Also: - The long sideways movement is typical of accumulation prior to a stronger move. - MACD has been diverging the entire way down, - RSI has been diverging as well, and more recently stronger divergence. Hitting...
Quick update - broke out of falling wedge recently, held above weekly support last night. Next up is likely 8 and then 9.7 cents. Doubting we'll see a re-test at top of wedge (but possible), if any re-test at this point, more likely the top of weekly support. Meanwhile, the HBAR/BTC pairing just broke above previously weekly lows, and if it holds above 261 by...
Simple targets on the 3-day Gold chart, bull and bear. Close and hold above top of channel for bull, below bottom for bear.
This is an alternative idea to heading up from here, based on a long-term target from April 2021. Around early to mid-April of 2021, Bitcoin Dominance confirmed a double top. Following that we hit and surpassed the measured 1x target (TP 1 on the chart above), and have since consolidated around it. However, we have yet to hit TP 2, or the measured 1.5x...
As it does with Bitcoin and the stock markets, TOTAL2 crypto marketcap also shows corresponding peaks and troughs with DXY. When DXY makes a new peak, TOTAL2 sees a new trough shortly after, and when DXT makes a new trough, TOTAL2 sees a new peak shortly after. Will TOTAL2 see a new peak form here after DXY'ss most recent low? Or, has TOTAL2 not yet hit its...
Just a quick thought here - this would fake out the bulls and the bears for a little while, and would correspond with DXY moving up very soon from the re-test of the channel it broke out of (area around 99-104 LFTs, 101-103 HTFs). Failure or success of the HSi would hinge on DXY movement as well: See related DXY ideas below. Not marking this as long or...
Super quick post - FARM has a confirmed inverted HS on the daily chart. Targets on the chart, fails if we lose the neckline - halfway point to TP 1 lines up exactly with the 200 day EMA, which will likely act as a pit-stop as it begins moving up. Related longer-term bullish FARM chart below:
What follows is a comparison of the daily chart during the 2018 bear market recovery with the present weekly chart. Markets like to repeat patterns, with similarities and differences: Repeating Pattern Similarities: Both made a head and shoulders top OBV and Volume show similar patterns of behavior in both charts The amount of correction prior to...
Quick post - Filecoin broke out of a falling wedge on the daily and is headed towards the 200 day EMA and wedge breakout TP 1 if it can get and hold above the EMA. Conditioned upon reaching the falling wedge breakout's TP 2 @ ~$10.70, which would take it above previous high of ~$9.75, that opens up the possibility for new targets for a double-bottom...
A ton of different alts making the same patterns. Smaller wedge breakout is headed towards the 200 day EMA (also halfway point towards TP 1) and then TP 1 and then 2. Smaller wedge reaches all its targets and remains above middle of W pattern, W pattern / double-bottom recovery begins and heads towards its TP 1 and 2 (with its halfway point to TP 1 equal to...
Quick post - Daily 50/200 EMA shows a golden cross, W pattern / double-bottom breakout re-tests have succeeded in staying above the upper trend-line. It also continues bouncing off the 50 EMA. We may find some resistance in the area of the red box. TP 1 is ~37.8k, TP is ~40.2k, expecting a pit stop around 35k in the resistance area as it makes its way towards...
Quick update on DXY daily chart and how its direction may affect the vast majority of tradeable stocks, crypto, and forex vs usd across markets. DXY is long-term long, but I think there are two possible paths. The chart above shows a rough example of what those might look like, but I think one of the following will occur: ]It's possible we see a re-test of...
I feel like a recovery is well on its way here. Larger falling wedge is targeting a double-top with a slightly lower high - much of the crypto market looks the same, expecting something similar with many alts, ethereum may be an exception to this as it could stop a bit over 3k. Although, I think it's possible it could turn into a slightly higher high to push...
Really quick and dirty chart, excuse the poor drawings - FARM is breaking out of an inverted HS on the 4h chart, TP 1 nearly reached already, TP 2 @ around 33-34. I believe this is the start of a bigger move up on the higher time frames, likely at least to 60-65 (top of HTF range). If it can get and stay above 60-65 and we could see much higher - 95-100 -> 125...
Super simple idea here, each time we've been in a rising wedge we've finished it with a move down. Each time we've been in a falling wedge, we've finished with a move up. The present falling wedge started as a rising wedge and then moved down, now it is a falling wedge, and now I'm expecting correction as we've been in a downtrend for a little over 400 days...
FARM has a couple of bullish signs here. First we broke out of a falling wedge a good while back, and then returned to the same area of lows starting what could be the beginning of a double bottom. For this to play out, first we need to get back above our most recent highs around ~$60. Should that occur, we could easily see ~90-120, and it's possible the...
Just a quick post here. I included this as a screenshot in another published chart shown below, but wanted to share this idea by itself. NOTE -Expanded flat C wave typically stops either at the 1.618 or the 1.236: - Logarithmic chart has corrected down to the 1.618 exactly. - Linear chart shows us stopping near the center point between the 1.618 and 1.236,...
XRP 3-day chart is attempting a breakout of its falling wedge on the 3-day chart here. The next candle close is approx 24 hours from now, and if it closes above the wedge we'll have confirmation. If confirmed, measured targets put us near the same area of our previous ATH, or above it. If that occurs, two possibilities: 1.) a double-top with either a slightly...