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XRP continuing to hit bullish breakout targets!We can see the price action has hit the measured move breakout target of the blue symmetrical triangle…it is also now pumping above the 1 day 200ma on its way to hit the next target of the green channel it has also broken out of…once we hit that target we may see a retrace or slight correction or sideways consolidation before it continues upward because as you can see there is on this chart an even bigger triangle pattern with yellow trendlines that we have also broken above…I will save the target of that larger pattern for another idea. XRP continues to look very bullish. *not financial advice*
BITSTAMP:XRPUSDLong
by DrDovetail
XRPETH continues to rise above a bigger inv h&s necklineAfter reaching the breakout target of a much smaller inverse head and shoulder pattern, the price action on the xrpeth chart has continued to pump and is now sitting above 2 necklines of a much bigger inv h&s pattern. The only resistance it is yet to break above is the yellow horizontal neckline of a double bottom pattern that also doubles as a horizontal channel. Flipping that top yellow horizontal line to solidified support will be the final confirmation we need to know that the inv h&s pattern is going to get validated. There are 2 different breakout targets posted here for the inv h&s pattern. The smaller one is for if the white neckline is more valid and the larger target is for is the turquoise neckline is more valid. I get the feeling both targets will be reached in due time. I will post the chart of the previous idea that showed the smaller inv h&s not shown here down below. *not financial advice*
Long
by DrDovetail
1
Ethereum needs to get back above the brown neckline asap. Ethereum is currently finding support near the bottom of the white descending channel. However, it needs to get back above the brown neckline of the head and shoulders pattern as soon as possible to avoid triggering the breakdown of the head and shoulders which has a target all the way down in the $800s. In order to do so it will essentially need to break upward out of the descending channel within the next few weeks. *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
Review of the ETH / USDT chart on the 1D intervalHello everyone, let's take a look at the ETH to USDT 1 day chart. It is worth noting that after a long time when the ETH price was moving in the uptrend channel marked in yellow, however, a few days before the MERGE event, the price of eth started to decline and we entered the local downward trend channel marked in blue. Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 1317, if the support breaks down and the price goes further down, it has a support zone from $ 1239 to $ 1083 in front of it. Now let's move from the resistance line, as you can see, the first resistance is $ 1454, if you can break it, we have two zones to go. The first resistance zone is from $ 1564 to $ 1653, while the price eth will break it, another zone is from $ 1707 to $ 1864. Let's pay attention to the CHOP indicator where we can notice that we have less and less energy for further moves, and the MACD indicator confirms that we are in a downward trend.
Long
by cryptodailyuk
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,928, if the support breaks down, the next support is $ 18,461. Now let's move from the resistance line as you can see the first resistance is $ 20121, if you can break it the next resistance will be $ 20,619, $ 21,034 and $ 21,471. Looking at the CHOP indicator, we can see that in the 1-day interval we have little energy and the MACD indicator shows a local downward trend.
by cryptodailyuk
2
XRP dominance is currently retesting the neckline of inv h&s.Currently one candle close above the neckline and the current candle is so far retesting that neckline as support. If this validates we should see xrp gain a considerable amount of market dominance back that it had lost over the last few years. May take a few candles to confirm..could also easily dip back below the neckline for a bit as well as is common on most inv h&s patterns after the first initial breach above the neckline. Also possible it could trigger in the next few candles *not financial advice*
CRYPTOCAP:XRP.D
by DrDovetail
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. 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 $ 20107, if the support breaks down, the next support is $ 19,375 and $ 18,442. Now let's move from the resistance line as you can see the first resistance is $ 20,501, if you can break it the next resistance will be $ 20,938, $ 21,294 and $ 21,666. Looking at the CHOP indicator, we can see that most of the energy has been used in the 1-day interval, while the MACD indicator shows that we are maintaining an upward trend.
by cryptodailyuk
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the local uptrend line. Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 20.02, if the support breaks, the next support is $ 19,401 and $ 18,618. Now let's move from the resistance line as you can see the first resistance is $ 21,068, if you can break it the next resistance will be $ 21,737, $ 22,223 and $ 22,738. Looking at the CHOP indicator, we can see that on the 1-day interval, the energy slowly begins to increase, while the MACD indicator shows that despite the decline, we are in an upward trend.
by cryptodailyuk
3
Daily review of ETH interval 1DHello everyone, let's take a look at the ETH to USDT chart on a 1 day time frame. 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 $ 1639, if the support breaks down, the next support is $ 1519 and $ 1402. Now let's move from the resistance line as you can see the first resistance is $ 1728, if you can break it the next resistance will be $ 1800, $ 1898 and $ 2034. Looking at the CHOP indicator, we can see that some energy has been used in the 1 day interval, but we have a lot to continue moving, and the MACD indicator shows an uptrend.
by cryptodailyuk
2
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart over a 1 day timeframe. As you can see, the price has risen above the local downtrend line and has rebounded nicely from the recent declines. Let's start by marking the resistance line, as you can see, the first resistance is $ 21,501, if you can break it, the next resistance will be $ 22,638 and $ 23,366. Now let's move on to the designation of the support line and as you can see the first support in the near future is $ 20,590, if the support breaks down, the next support is $ 20078 and $ 19,670. Looking at the CHOP indicator, we can see that on the 1-day interval, the energy begins to slowly increase, and the MACD indicator shows that we have changed the downward trend into an upward trend.
by cryptodailyuk
4
DXY appears to be triggering a rising wedgeShown here on the 1 day chart is a rising wedge that is probably most valid on a 4-8hr time frame. However I wanted to show the 1 day 50ma (in orange) so I decided to post this idea on the 1 day time frame. We can see a big red candle has formed here and almost already reached the breakdown target of the wedge of 108. My thought was it was going to wait until the 1 day 50ma climbed up to the 108 zone for the breakdown to reach this target and the retest the 1 day 50ma’s support but it appears to be heading to this breakdown target much more quickly than I expected. We can see the green target I have above the wedge was almost reached to its full target but fell ever so slightly short…falling short of reaching 100% of the target suggests the bullish momentum for dxy may be waning and we could see a trend change to the down trend sooner than later. Especially if this current bearish pattern reaches 100% of its breakdown target or even more so, loses the 1 day 50ma as support. If we hit the full target and then it flips the 1 day 50ma to solid resistance the downtrend will likely be confirmed. If so it could mean yet another lower high has been established for DXY meaning that in the grand scheme of things the DXY would be very much still in a macro bear trend, despite all the FED induced”strength” it has seen as of yet…the recent surge in strength while everything else has plummeted does seem to bear the hallmarks of some sort of final exit pump but that is of course mostly speculation on my part. Al eyes on the 1 day 50ma *not financial advice*
TVC:DXY
by DrDovetail
Update Long-term BTC analysisHi everyone. Today we have marked an uptrend channel with yellow lines, which has been broken downwards and now the price is below the local downtrend line. As you can see, we have an important support zone: - support zone, where the BTC price is currently from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000. Then we have the first resistance zone from $ 22,368 to $ 23,058, if we break it, we have a resistance zone from $ 24,696 to $ 26,196. A break from this zone may cause further gains towards the resistance at $ 28,754. Also noteworthy is the CHOP indicator, which indicates that most of the energy has been used, and the MACD indicator, which indicates that at this moment we have broken the downward trend and we are in an uptrend locally.
Long
by cryptodailyuk
10
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart over a 1 day timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,863, if the support breaks down, the next support is $ 17,721 and $ 16,947. Now let's move from the resistance line as you can see the first resistance is $ 20,571, if you can break it the next resistance will be $ 21,703 and $ 22,552. Looking at the CHOP indicator, we can see that in the 1-day interval some energy has been used, and the MACD indicator indicates that we are still in an upward trend, but we are approaching a downward trend.
by cryptodailyuk
Review of the USDPLN chart on the 1D intervalHi everyone, Let's take a look at the USDPLN chart in the 1-day range. As you can see, we moved in an uptrend channel marked with yellow lines for a while, then entered a downtrend marked with blue lines, and then exited from the top. It is worth setting the first support zone from PLN 4.63 to PLN 4.57, and then we have a strong support zone from PLN 4.47 to PLN 4.37. Looking further, we see another support at the level of PLN 4.24 Now let's move on to the resistance that the USD valuation has on the way and we can see that the first resistance is a strong zone from 4.72 to 4.78 PLN and another resistance at 4.86 PLN. Let's take a look at the Chop indicator, which shows that we are getting energized after the last increase, and the MACD indicator shows a local downtrend.
Long
by cryptodailyuk
Long-term BTC analysisHi everyone. Today we marked the uptrend channel with yellow lines, which was broken at the bottom and now the price is below the local downtrend line. As you can see, we have an important support zone: -the support zone in which the BTC price is currently located from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000. Then we have the first resistance zone from $ 22,368 to $ 23058 if we break it, then we have a resistance zone from $ 24,696 to $ 26,196. A break from this zone could result in further gains towards the resistance at $ 28,754. Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we are on the verge of entering a downtrend. Remember, however, that this is not investment advice.
by cryptodailyuk
Will BNB reverse its long downtrend?Hello everyone, let's take a look at the BNB to USDT chart over the 1 day timeframe. As you can see, we have been moving in the downtrend channel for a long time, while locally we are in an uptrend and in a place where we can try to break out of a long-term downward trend. Let's start with the designation of the support line and as you can see the first support in the near future is $ 301, if the support breaks down, the next support is $ 279 and $ 260. Now let's move from the resistance line, as you can see the first resistance we are currently struggling with is $ 322 breaking the first resistance will give us a potential exit from the long downturn channel, if we can break it, the next resistance will be $ 354 and $ 400. Looking at the CHOP indicator, we can see that in the 1-day range we have a lot of energy, and the MACD indicator shows that we are in a downward trend locally.
by cryptodailyuk
BTC relies on support at $ 23,021Hi everyone. Today with yellow lines we have marked the channel in which the BTC price is currently moving. As you can see, we have two important zones: -first is the support line on which the price is currently based at $ 23,021, then we have a support zone ahead of the price which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around 12,000 dollars. - the second is a resistance zone, we have from $ 24,696 to $ 26,196. A break from this zone may result in further increases towards the resistance at $ 28,754. Currently, the price on our channel is shifting nicely to the side, which could potentially be used for short-term licks. Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we have entered a local downward trend. Remember, however, that this is not investment advice.
by cryptodailyuk
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