Get started

Adamandevedoublebottom

DGB hits white channels full brkout target; teal channel nextDigibyte finally breaks out of the white channel and then quickly hits the full breakout target. Now it is attempting to break above the teal channel and fiip its top trendline to support to trigger that breakout as well. Once it does, the breaout target is around 2 cents which from here would be about another 60% gains. Not sure how quickly digibyte will pull this off it could definitely consolidate for a few before it does so or it could continue. Current momentum and keep pumping. *not financial advice*
CRYPTO:DGBUSD
by DrDovetail
Uniswap triggering an Adam & Eve Double bottom inside another 1We can see here on the weekly how UNIUSd has formed a nice Adam & Eve double bottom (illustrated in the yellowish chartreuse color). We can also see how inside that double bottom we have formed a smaller fractal version of the Adam & Eve double bottom as well (shown here illustrated in pink). To make sure I covered all bases, I also included a the more common horizontal double bottom possibility as well shown here illustrated in a light grayish blue color. First and foremost the pink Adam & eve fractal has already validated its breakout and in doing so has brought us above the neckline of the largest double bottom pattern as well. I get the feeling that all 3 of these overlapping double bottom patterns are valid and will be validated. If so I will keep you updated as each of the 3 targets get hit. *not financial advice*
COINBASE:UNIUSD
by DrDovetail
ETHUSD above the necklines of 3 very bullish patternsNot only is ETHUSD’s price action currently above the neckline(tan trendline) of a descending inverse head and shoulder. It’s also above the neckline of 2 different double bottom patterns. (Green and yellow horizontal trendlines). The right shoulder of the inverse head and shoulder pattern is actually also a valid double bottom pattern on the 4hr timefram(daily time frame shown here instead of 4hr). Also, The head of the inverse head and shoulder and the right shoulder combined also create somewhat of an Adam and Eve double bottom, similar to the one playing out currently on cardano. We are only just now having price action poke its head above the inv h&s neckline though and since, as is usually the case, patterns rarely trigger their breakout on the first break of the neckline we could still see price action retrace below this neckline before the real breakout occurs. There’s always a chance this is the real breakout too though so the best thing to watch for on the initial neckline break is whether or not we getting any sort of major bullish impulse in the volume to help confirm an official breakout. I cou;d see a breakout fakeout going as high as to test the 200ma then get rejected and fall back below the neckline, before it finally has the break break above it. So we must remain vigilant. In the long run i think these patterns will confirm their bullish breakout eventually but am not yet sold on the current 1 day candle being the breakout candle just yet.
COINBASE:ETHUSDLong
by DrDovetail
Cardano looks ready to trigger an Adam & Eve double bottomWe can see considerable amount of volume has accompanied the current big green candle that has broken above the Adam and Eve double bottom neckline here. This type of volume impulse usually signifies that a breakout of a pattern has been confirmed. However, this being only a 4hr timeframe, we must be prepared as always for the first breach of the neckline to potentially be a fakeout. For now though, it is looking like it wants to validate and head up to the $1.28 region.
COINBASE:ADAUSDLong
by DrDovetail