This wedge could attempt to retest its top trendline for support..if it does the trendline is currently around 38k. As long as we can maintain 35.5k as support worst case scenario then the bull market should be maintained. No guarantee we will be dipping to these levels though.
On the 1 day chart it was hard to find a legitimate chart pattern to justify ZILUSD’s sudden pump here but once one flips to the weekly chart this pattern emerges. This triangle is probably more valid on either the 2 week or 3 week chart than it is the 1 week considering how many weekly candles we closed outside the triangle before we saw the breakout. Judging by...
These seem like the most valid trendline for the avalanche usd pair on the weekly chart. If this is a valid pattern and the top trendline is correct then we should see the breakout confirmed by early April. If so the target would be $177. *not financial advice*
This weekly chart double bottom is much more massive and currently far more speculative than the 1 day chart double bottom I posted an idea about just before this idea. However I felt it worth mentioning as it would be fun to see this actually unfold then come back to this idea later to click play on the chart and see the pattern play out from its second bottom....
This triangle lasted all 2021. 4 key touches on the top trendline and now 3 on the bottom makes these 2 trendline s worth watching which is why I’m posting this idea. If the bottom trendline holds support we should break out by end of February beginning of march. Some crazy black swan could take us below this but without anything liek this I assume this has a...
I have the weekly timeframe pulled up here because I can’t access the 3 month on this account currently. This ascending triangle pattern probably looks even more convincing on the 2week or 3 week chart. It still is pretty evident here to. The way price action has come back to retest this white diagonal line however may mean that the triangle ends up being more...
I’m keeping this neutral until we see confirmation either up or down. These are the current trend lines in play on eth usd. We can see we have two potential bullish continuation triangle patterns: A potential symmetrical triangle and a potential ascending triangle. We also have a bearish rising wedge in play, with the possibility of two potential top trendline s...
We can see on the weekly chart that LINKUSD has formed a symmetrical triangle(bullish) with an ascending head and shoudlers pattern inside it(bearish). When we take a measured move o each patterns potential breakout target we can see that the bullish symmetrical triangle pattern has a breakout target of around $75 or so (depending where it breaks up from the...
we can also see an inv c&h pattern has formed as well increasing the probability of an eventual breakdown...should we confirm the breakdown dxy could reach 73 some time within the next year and a half or so.
looks like the weekly has formed an ascending triangle which could also potentially be a bull pennant...the measured move for just the triangle has us somewhere around 76k and for the pennant around 85-86k. As always must await for a breakout confirmation. *not financial advice.
lots 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...
3 green soldiers aka 3 white soldiers is a very bullish pattern. They also say this is a reversal pattern but we haven't had much of a downtrend from which to reverse from...hard to count the the 2 weekly red candles before it as a downtrend...but being that we are in the vertical part of the bull run parabola odds are good that this pattern should still result...
I think XRPUSD will continue to consolidate sideways for a week or 2 or 3 finding good support on the weekly 50ma...and once it nears the last 2 remaining potential top trendlines of the 1 month chart's giant descending triangle we've been in for almost 2 years(the dotted yellow line and the pink log chart line), once it nears those w will s it start to gain the...
The inverted cup and handle pattern on xrpbtc seems like it is more a 1week chart pattern or possibly a 3 day pattern meaning it can close multiple day candles under the rimline without triggering the breakdown to negative satoshis. If it's more valid as a 3 day chart pattern then we can close around 6 consecutive 1 day chart candles under the rimline without...
Neutral here as even though we just got a green bullish reversal hammer on the 1 day chart, we have a bearish engulfing candle on the 1 week chart.