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Bullishbreakout

ethusd may be following maticusd's leadethusd is also in a bit of an inv h&s that it has also broken above...it isn't quite as high above the neckline as matic is though so it currently has somewhat less probability of validating the breakout as maticusd does. Eth's pattern probably also could qualify as an adam an eve double bottom. Should ethusd's pattern get validated it could reach a target of 3.7k which wouldn't create a new all time high unlike matic which will create a new all time high by reaching the measured move...as with any pattern that forms on as small of a time frame as the 1 hour chart however we must remember that patterns on this small of a time frame get invalidated all the time so even though price action is currently above the neckline its still fairly easy for it to dump back below before reaching the target since it is on such a small time frame. For that reason I will list this idea as neutral.
KRAKEN:ETHUSD
by DrDovetail
$COTI/BTC 1D (Binance Spot) Falling wedge breakoutCurrency Of The Internet has broken-out bullish and looks good for continuation, maybe after a 50MA retest! Current Price= 0.00000740 Buy Entry= 0.00000708 - 0.00000666 Take Profit= 0.00000910 | 0.00001212 | 0.00001681 Stop Loss= 0.00000538 Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67 Expected Profit= +32.46% | +76.42% | +144.69% Possible Loss= -21.69% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 1x Estimated Gain-time= 2.5 months
Long
by TradingOn
$ALICE/USDT 12h (Binance Futures) Descending trendline breakoutMyNeighborAlice broke-out bullish then pulled back progressively forming a falling wedge pattern. We are still expecting some more retracement down retesting the TL and 50MA before next leg-up! Current Price= 13.291 Buy Entry = 12.433 - 11.629 Take Profit= 15.168 | 17.629 | 22.774 Stop Loss= 9.517 Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27 Expected Profit= +26.07% | +46.53% | +89.29% Possible Loss= -20.90% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1 month
Long
by TradingOn
ETHUSD appears to be breaking out of a 1 day rising channelOf course there's always a chance the follow up 1 day candle here could find a way to dump all the way back down to retest the top trendline of this channel...could even go back below it and it would still remain resistance at that point...however the sheer size of the current green candle seems to suggest that probability is high that the trendline will be flipped to support...there's also a chance that eth continues to fly from here and doesn't even come back to retest the trendline at all. Hard to say, but eth currently is looking very very bullish here. If eth were to continue to moon here and/or temporarily dip to retest the top trendline of the rising wedge as solidified support...then odds are good ethereum will be going absolutely parabolic here.
KRAKEN:ETHUSD
by DrDovetail
1
1hr chart inv h&s seem to be confirming breakout on xrp & btcthis is the inv h&s pattern we just broke up from on the 1hr chart that seems to be confirming its breakout....its measured move breakout target should then take us above the top trendline of the 1 day charts bullflag(not shown here) that we are currently just below the resistance of n it's top trendline..greatly increasing the odds that we will break above that trendline on the way to reach the inv h&s's breakout target....bitcoin is doing the same exact 2 patterns as well right now so where goes bitcoin xrp is likely to follow...currently the bullish confluence tips the probability scales slightly in the bulls favor for continuing to the upside. However we need to see confirmation similar to this inv h&s pattern's on the 1 day bullflags as well in the next few days to feel confident that the breakout it fully confirmed.
KRAKEN:XRPUSDLong
by DrDovetail
$REN/BTC 3D (Binance Spot) Big falling wedge breakout and retestRen (formerly known as Republic Protocol) broke bullish few months ago and looks ready to push higher now. Current Price= 0.00001572 Buy Entry= 0.00001594 - 0.00001370 Take Profit= 0.00002362 | 0.00003330 | 0.00004375 Stop Loss= 0.00001130 Risk/Reward= 1:2.5 | 1:5.25 | 1:8.22 Expected Profit= +59.38% | +124.70% | +195.21% Possible Loss= -23.75% Fib. Retracement= 0.5 | 1 | 1.5 Margin Leverage= 1x Estimated Gain-time= 6 months
Long
by TradingOn
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*
BITSTAMP:ETHUSDLong
by DrDovetail
Dash Perpetual Futures Prepare for the 40 % Breakout Dash is currently Trading within a falling wedge and rejecting at the POC on the 4HR TF . On the 1D TF we can see clearly whats happening after ATH was printed we are now moving between S/R . I anticipate that we make our way down to print another LL with support and confluences at the support line of the wedge with the .786 fib and the 100 EMA and a Volume profile match to give us a bounce off the support. With a close outside of the Resistance for a Long and SL placed below the last swing low for a potential 40 % gain . This is determined by measuring the wedge opening . As demonstrated in the chart ... Follow and Like For More Setups and or Trading Questions
Long
by SJTRADESFUTURES
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*
BITSTAMP:XRPUSD
by DrDovetail
$SCRT/BTC 1D (Binance Spot) Descending channel breakoutSecret Network (formerly known as Enigma) broke bullish and is supported by 100EMA, looks ready for a leg up here! Current Price= 0.00004975 Buy Entry= 0.00004990 - 0.00004730 Take Profit= 0.00006440 | 0.00006440 | 0.00009998 Stop Loss= 0.00004069 Risk/Reward= 1:2 | 1:3.6 | 1:6.5 Expected Profit= +32.51% | +58.64% | +105.72% Possible Loss= -16.28% Fib. Retracement= 0.382 | 0.618 | 1 Margin Leverage= 1x Estimated Gain-time= 1 month
Long
by TradingOn
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