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Will ETH take the direction of growth?Hi everyone, let's look at the 1D ETH to USDT chart, in this situation we can see how the price is moving in a downtrend channel, currently there is no indication of which direction it will go. Let's start by defining the targets for the near future that the price has to face: T1 = 3357 USD T2 = 3502 USD Т3 = 3600 USD Т4 = 3729 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 3211 USD SL2 = 3016 USD SL3 = 2877 USD SL4 = 2704 USD If we look at the MA indicator we can see how the blue line has entered above the orange one, which indicates the entry into a temporary uptrend, where the price may try to continue to grow.
INDEX:ETHUSD
by cryptodailyuk
Will BTC continue its uptrend?Hi all, let's look at the 1D BTC to USDT chart, in this situation we can see how the price has broken out of the downtrend line and currently we can see how we are struggling to move towards the recent ATH at $108700. Let's start by defining the targets for the near future that the price must face: T1 = 106275 USD T2 = 108476 USD Т3 = 112839 USD Т4 = 115756 USD Т5 = 118876 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 102746 USD SL2 = 100744 USD SL3 = 99094 USD SL4 = 97479 USD SL5 = 95161 USD It is worth taking a look at the MACD indicator, which shows that we have entered an uptrend again, and here we have a visible place for this trend to continue. Additionally, on the SMAs 20 and 50 we can see how we are getting closer to returning to a strong uptrend.
COINBASE:BTCUSD
by cryptodailyuk
Updated XRPUSD chart to more precisely show the breakout pointI decided to post an updated version of my current xrpusd daily chart to more accurately display the measured move line at the spot of the exact breakout so we can see it work its magnetism on price action and so far you can see here we had a perfect wick support bounce up from the dotted measured over line like clockwork. Let’s see if it climbs up the lne like it often does with other pattern breakouts. Target for this specific breakout is $4.86. II will post a link to the previous version of this chart below. I tired that one something along the lines of the 50ma is about to push price action out of the nest and force it to fly and as you can see that’s more or less exactly what it did. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
LTC Breaking above tan invh&s neckline, right on goldencrossI have the weekly chart timeframe selected here simply because I needed to expand the timeframe on the chart to be able to fit both inverse head and shoulders patterns and their respective breakout targets in the frame. Wanted to put the timeframe on the daily chart so. Could show once again how these recent crypto pumps have all being launching on the exact day that the Daly golden cross occurs. I will post. Daily chart version of this as well that zooms in on the golden cross and subsequent priceaction and link it below. Anyways it looks like on this 2nd breach above the tan neckline that Litecoin is likely to finally trigger a breakout ths go around. If so the highest measured move target is in the $170s here, and reaching it will obviously also allow us to hit the white inverse head and shoulders breakout target too on the way there. In order to ensure that price acton doesn’t dip back below the tan neckline for a second time, it will need to flip the weekly 200ma(blue line) to solidified support once that happens I think it will definitely confirm the breakout at that point. Alt season has officially began! *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
XRP’s 1day 50ma about to push XRP price out of the nestWe can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not financial advice obviously but that’s how confident I am in the current market conditions I’m seeing. Let’s see if my guesstimate comes true.
BITSTAMP:XRPUSDLong
by DrDovetail
6
HBAR likely to break outta flag as it breaks stochrsi resistanceNotice the yellow descending trendline on the stoch rsi indicator, we can see this line held resistance fr quite some time but stochrsi is now finally braking above t while price action has simultaneously closed the previous candle with the body poking above the top trendline and now the current daily candle looks like it will hold that trendline as solid support and potential even act as the breakout confirmation candle. Probability is high the breakout will be confirmed in the next few days *not financial advice*
COINBASE:HBARUSD
by DrDovetail
3
BTC/USDT 1D chart reviewHello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is moving in a local downtrend channel where the price bounced from the upper border of the channel and quickly started to recover. Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level: SL1 = $94285 SL2 = $92209 SL3 = $89,541 SL4 = $85,924 Let's now move on to defining the goals for the near future that the price must face: T1 = $97131 T2 = $100036 T3 = $103179 T4 = $105491 Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.
by cryptodailyuk
What goals for ZEUS?Hi everyone, let's look at the 1D ZEUS to USDT chart, as we can see the price is moving in a local uptrend channel, where there is still potential for growth. However, here it is worth looking at the RSI indicator, which clearly indicates the crossing of the upper limit and the level at which the price usually reacted with a correction, which may indicate a potential change in the direction of the movement. In such a situation, it is worth starting by setting a stop-loss in case the market decides to go into a downtrend: SL1 = 0.904 USD SL2 = 0.839 USD SL3 = 0.733 USD SL4 = 0.661 USD SL5 = 0.571 USD However, if the market decides to go further up in such a situation, we have clear goals for the near future, which the price must face: T1 = 1.016 USD T2 = 1.141 USD T3 = 1.274 USD T4 = 1.499 USD
by cryptodailyuk
ARB breaking up from a bullflag that can take it above necklineArbitrum looks like it has probably founded the lowest depth of the right shoulder of it’s inverse head and shoulders here as it has now broken upward from this purple bullflag here and is now back above the 1 day 50ma(in orange). The breakout target of this flag will take price action above the neckline of the inverse head and shoulders pattern if it hit its full breakout target. We can also see that the bearish h&s that we were under the neckline of for several daily candle closes never progressed into getting validated as is often the case with bearish patterns in this phase of the bull market. I suppose there’s still a chance we could head bck under that light colored tannish neckline again but probability favor the upside at this point. *not financial advice*
COINBASE:ARBUSD
by DrDovetail
Raymond 1 d chart signalling price action Raymond is looking in the uptrend after making a low near 1326. It is reversing from there on daily chart . Ascending triangle pattern is forming and is about to complete the same . Volume is Supporting in this uptrend . RSI momentum is showing intact with higher high with Price in conjunction. Both are in same tandem . Signaling bullish momentum. If price closed above 1829 on daily chart further bullish Moment can be expected . If price closed below 1428 on daily chart further bearish Moment can be expected .
NSE:RAYMONDLong
by Tech_Mak
Bitcoin Ascending Bullflag Breakout Target 140kI am still expecting significant resistance in the 120-130k range so to see this having a full target of 140k is pretty wild to me. Perhaps we have. Correction before reaching its full breakout target, or perhaps price sends a large wick above the resistance up there to hit this target before that resistance rejects price for a significant correction. Either way I do anticipate we rise to at least 120k on this next move up. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
2
Ondo’s parabolic move on the 1day chartThis is the same chart I jsut posted except this time it’s shown here on the 1day timeframe” It’s difficult to call what ondo just broke upward from a cup and handle because the handle is extremely small even on small time frames as small as the 1hr timeframe, however there is some bullish confluences that if you treat it the same way you would treat a cup and handle to ensure the breakout target, you find that the target is exactly at the 1.618 Fibonacci level which is a very common breakout level that things tend to climb two when the breakout up from a previous pattern and surpass their previous highs. Due to this confluence. Think we have enough to go by here to make a rough speculative guesstimate at least of what price target ondo may currently be heading towards. *not financial advice*
COINBASE:ONDOUSD
by DrDovetail
1
Bitcoin currently in an ascending bull flagI made a rough estimate of where the flag make breakout for where I placed the dotted measured move breakout target line. There’s a chance it could not hit the entire flag tRGET and instead only reach the breakout target of just the channel portion of the flag itself which would be a much lower target. Also always a possibility arising channel breaks to the downside though at the beginning of a parabolic phase during a bull market they usually break upwards. We will see what happens soon enough *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Doge can reach $.75 if it breaks upwards from ascending bullflagUsually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
COINBASE:DOGEUSD
by DrDovetail