Get started

1day

Quant testing the top trendline of the 1day symmetrical triangleWe can see that priceaction is currently attempting to both test the top trendline of the symmetrical triangle (in chartreuse) as well as trying to climb back above the 1 day 50ma(in orange). If price action can flip the 1 day 50ma back to solidified support then it can validate the bullish breakout from this symmetrical triangle. The breakout target from that symmetrical triangle will take price action far above this white line which is actually the neckline of an even bigger inverse head and shoulders pattern. If we are to hit 100% of the breakout target for the triangle ($165), this will greatly increase the probability of it also triggering the breakout of the inverse head and shoulders pattern as well which can send it considerably higher afterwards($224). Of course for now the 1 day 50ma is still resistance so we want to see a couple daily candle closes above that and any confirmation candles after that that retest it, testing it as strong support. Flipping tat 1day 50ma back to strong support will also confirm that the golden cross that recently happened will be sustained instead of flipping back into a deathcross and confirming a golden cross fake out. *not financial advice*
COINBASE:QNTUSDLong
by DrDovetail
1
Head and shoulders to watch out for on total crypto market cap.Right now price action is currently testing the neck line of a head and shoulders pattern that, if validated, could wipe 250 billion off the total crypto market cap. We can see its been stiffly rejected recently by the 1 day 50ma…in order to avoid validating the h&s pattern, it is crucial to flip this 1 day 50ma back to solidified support. There is a lot of fearmongering recently about a bunch of bt coin being released from Mt. Gox that could get immediately dumped on the market…something to look out for as it is a moment like thaat that could lead to a pattern like this triggering. However for now there’s still a chance this could be a fake out. Will have to wait and see, but we should know soon enough. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
Here is the falling wedge we currently have 1 daily candle aboveThis is the larger falling wedge that current price action is above on the 1 day chart. We haven’t confirmed a breakout of it yet but with the smaller bullflag and double bottom patterns looking like they will validate and take price to 26.3k, there is a good chance that after we correct from that zone that when price action comes back down to retest the top white trendline of the wedge it will be flipped to solidified support, at which time we have a real chance of validating the breakout from the falling wedge. Should the falling wedge confirm a breakout then the target is above 60k! Not confirmed yet but starting to increase in probability as each day passes. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
1
Is Solana ready to confirm its inv h&s breakout?We can see Solana has successfully retested the bottom green neckline as support and is seeing a nice green cancel bouncing up after the retest greatly increasing the probability that it will confirm it’s inv h&s breakout and head to the mid $50s for it’s breakout target. On the way to that price target, we will clear the neckline of a slightly bigger inv h&s pattern and if we can maintain that neckline as solidified support as well then we should continue to head to its even higher breakout target not long after reaching the first one…we could see a correction after going above the higher neckline that takes us back to retest that neckline as support just as we have the lower neckline. *not financial advice*
KRAKEN:SOLUSD
by DrDovetail
Double bottom & bullflag both share the same breakout targetWe can see the double bottom pattern here in blue and the bullflag in lime neon green. Both breakout targets take us to the 26.3k range. This is great bullish confluence also great to see how when inside the flag the price action held perfect support when retesting the teal horizontal neckline of the double bottom. This all appears to be leading to something potentially much much bigger though as we can see on the coinbase chart price action is now above this descending white trendline. If we can flip this trendline to solidified support we might see a much bigger macro chart pattern breakout of a monthly chart falling wedge that has a much bigger target. I will post a separate Idea about that pattern and link both of these ideas together. Looking quite bullish overall I think the uptrend is going to be officially confirmed here. *not financial advice*
COINBASE:BTCUSDLong
by DrDovetail
3
If 1 hr head and shoulders reaches full breakdown trgt= 19.5k1 hour patterns tend to not reach their full targets a lot more often than the time frames that are 1 day or longer…however if we are still inside the larger downtrend then hitting the full target is a high probability. Lots of doom expected this week which could lead to further bearish patterns after this one. Will have to wait and see if we can get an encouraging bounce once this breakdown is over. *not financial advice*
GEMINI:BTCUSD
by DrDovetail
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*
COINBASE:MANAUSD
by DrDovetail
1
GMT has a price adjustment but has collected a lot of 1D energyHello everyone, let's take a look at the 1D GMT to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 3.12, if the support breaks, the next one is SL2 - $ 2.45. It is worth choosing at least one stop loss. Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 3.43, if you can break it, the next resistance will be T2 - $ 3.60 and T3 - $ 3.74 and T4 - $ 3.89. Looking at the CHOP indicator, we can see that on the 1D m interval, we have a lot of energy for the next move, while the MACD indicator shows a downward trend because the blue line is below the red one.
by cryptodailyuk
1
SOL collected a lot of energy in the 1D interval.Hello everyone, let's take a look at the 1D SOL to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 92 if the support is broken, the next $ 78. Now let's move from the resistance line, as you can see the first resistance is $ 106 which price is currently struggling with, if it manages to break it, the next resistance will be $ 113 and $ 119. Looking at the CHOP indicator, we can see that we have a lot of energy in the 1D interval, we can expect more traffic in the coming days.
by cryptodailyuk
STG / USDT right on the support!Hello everyone, let's take a look at the 1D STG to USDT chart. As you can see, the price is moving below the downtrend line. Let's start with the designation of the support line and as you can see the first support that the price is currently based on is $ 1.20, if the support breaks down, the next ones are $ 0.90 and $ 0.43. Now let's move from the resistance line as you can see the first resistance is $ 1.94, if you can break it the next resistance will be $ 2.39 and $ 2.78. Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has been used, but it is worth paying attention to the MACD indicator which shows that we are on the green line, which indicates an upward trend.
by cryptodailyuk
BTC rebound possible after yesterday's correctionHello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving in the uptrend channel marked by the blue lines. Let's start by marking the resistance line, as you can see, the first resistance is $ 41,132, if you can break it, the next resistance will be $ 42,705, another resistance at $ 44,120 and $ 45,379. Now let's move on to the designation of the support line and as you can see the first support where the price is currently at is $ 39,244, if the support breaks down, the next one is $ 38,143 and another one at $ 37,003. Looking at the CHOP indicator, we can see that in the 1-day interval, despite yesterday's correction, we have a lot of energy for a new move. On the other hand, the MACD indicator shows that we are still in an uptrend.
by cryptodailyuk
DOT possible breakout?Hello everyone, let's take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in an uptrend channel marked with blue lines. Let's start by determining the support lines with the Trend-Based Fib Extension tool and as you can see, the first support in the near future is $ 18.09, if the support breaks down, the next ones are $ 17.06 and $ 16.24. Now let's move from the resistance line as the first resistance is $ 19.35, if you can break it the next resistance will be $ 20.77 and $ 21.94 plus $ 23.09. Looking at the CHOP indicator, we can see that in the 1-day range we are starting to gain more and more energy, and the MACD indicator shows that an uptrend has started.
by cryptodailyuk
Current bull patterns to watch This current purple bullflag…of which probability is increasing that it will at least do a breakdown fakeout and send a wick to retest the top trendline of the wedge we just broke out of as new support(in teal). I’m thinking it could occur where the brown trendline intersects the teal one or possibly where the pink one intersects the teal one. The pink and brown trendline are both trendline of two different rising channels we are in in the larger time frame charts each at a slightly different trajectory but more or less overlapping each other. If we confirm the teal trendline as support on any sort of retest then the target for the wedge breakout is 72k. This could take a very long time (weeks to months) or no time at all(days). Wedges seem to hit their targets on their own schedule. As long as we maintain our bullish higher high / higher low pattern on the macro chart it should hit the full target. If we start closing weekly candles below the pink trendline then we will likely form a lower low and confirm the bear market. For now bull market is not yet cancelled. Will leave this idea neutral until it decides what to do with the bottom of the channels and the top trendline of the wedge. Currently 1day 50ma is support. If somehow the 1 day 50ma holds support we could just bust right out of this purple bullflag but its looking more and more likely we could at least temporarily lose 1day 50ma support for a few 1 day candles.
GEMINI:BTCUSD
by DrDovetail