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moving average 200The analysis is based on BTC
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moving average 200
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4 potential xrpusd targets upon its breakout confirmationthe current consolidation has given the bull pennant the ability to morph into a bullflag with a clear descending channel for the flag instead of the falling wedge.....if the bullflag ends up being more valid than the bull pennant...the measured move is even higher giving us the potential of reaching as high as $3.
ETHUSD almost to its C&H breakout target; 15% more to climbI charted this cup and handle months ago and gave a 2747-2800 target back then we can now see ethereum is finally making the last leg up to the target and if we were to zoom in here we could see a bullflag on the 1 day chart that ethereum has just now broken out of and that bullflags measured move lines up exactly with the c&handle target of 2474....so odds heavily favor us reaching this target with that added confluence...giving it at least another 15% to pump from here. Some may be perplexed saying "I don't see a handle" well it's a very tiny handle but its there and you can see it much better on a 4hr timeframe. Sometimes these cups have micro handles. Target 2474 not sure where it will head after that though. *not financial advice*
PSGUSDT chart expected upper move From the trend and the strong surpass from the previous high that is resistance crossed with high volume
4hr chart xrpusd ascending triangle not the dominant patternI was slightly dismayed here upon seeing several 4hr candles close below the 4hr chart ascending triangle pattern but upon realizing they haven't triggered any sort of breakdown decided the best thing to do was to zoom out and see if I can find any pattern on the 1 day chart that may in fact be the more dominant pattern and more relevant pattern we are currently working with...low and behold I did figure out on the 1 day chart that we had broken above a symmetrical triangle and are currently retesting its top trendline as support. Being on a larger timeframe, this pattern should carry more significance than the ascending triangle on the 4hr chart carries...let's hope this is the more valid of the 2 patterns because this one has a breakout target above the 70 cent range. If it is the more valid pattern we will likely see a bullish surge here for xrp in the next couple days or so. *not financial advice*
giant bull flag has a target of 77k if confirmedlots of bullish confluence at the moment and this is our third overlapping bullish pattern right here that we are currently breaking out of...It is also a valid bull flag on the weekly chart as well but I chose to show it here on the 1 day timeframe to better illustrate the trendlines of the flag. not 100% validated just yet but looking good and with all the other pattern breakouts acting in concert with this we have enough bullish confluence to greatly increase the odds of this breakout being validated. Probability currently favors a breakout to the upside....if this occurs we should head to 77k...however we must remember that this could be more valid as a weekly chart pattern then a daily chart pattern so the climb to reach the 77k target could take several weeks. *not financial advice* .
PERLUSDT/1D (UPDATE OF LAST CHART)Price is still above of SMA 9 DAYS and seems that it going to make a pull back to its trend line.
So, any Bullish candle plus strong one above trend line are a good news for entry.
WAVEUSDT/1D CHART Possible rise and targets after pull back at up trend line.
Note that trend maybe going to reverse on targets but I think price finally will kiss its resistance.
Potential H&S unfolding on the bitcoin dominance chart to watch.As with every potential h&s we must wait until we see a clear validation of the pattern triggered before we can act on it...also wise to never presume a h&s until the peak of second shoulder has already been formed. This is worth keeping an eye on though in case it reaches that point. Props to @XPCollector7 for spotting this one. Will definitely be keeping a close eye on it.
Plum colored ascending trendline still maintaining support.somehow someway this plum colored ascending trendline keeps maintaining support. I wouldn't be confident that we would reach the breakdown target from the ascending h&s pattern unless this line flips back to solid resistance..also wanna see the same thing occur with the 1 day 50ma (in orange) first before it seems like a safe thing to short any further.
ETHRUM get ready to reach 800$ & 850$ 👣💥👣💥Hi dear treaders, ETH is moving in an uptrend channel in 1D time frame . The main resistance is 740$. The final target 850$ is available if the correct resistance is breakout. If it returns, it reaches the range of 650$ and then climbs to the resistance of 840$ and 850$. The best buy area is between 650$ and 670$.
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the 2 biggest bull patterns to watchA giant symmetrical triangle on the 1 day chart with a target of 20k! Price action is currently above the top trendline of the triangle...and the triangle is likely not invalidated with the dip below it during the march crash likely being an outlier we can discard thus making the triangle still valid. Also in purple, we can see the inv h&s patterns breakout target is 17k and we have yet to hit that but have bounced up off the inv h&s neckline after retesting it and doing a breakdown fakeout. The key to hitting either of these targets however is to first solidify 12k as solid support though.