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Bullishbreakout

A close above the top red trendline would be very bullishShown here on the weekly chart is the weekly bullflag bitcoin has been consolidating in ever since correcting from the all time high we hit earlier this year.. For the first time since then, we now have part of a daily candle body above the top eligible top trendline of the flag and may very well close the current daily candle above that trendline for the first time which would be a very bullish development. It will be even more bullish if we can also manage to close a weekly candle above it as well but we still have another 6 days before anything like that can occur. For now a daily candle close above is still good progress which we have about 40 minutes left before the current daily candle closes (not shown here). If we were to break up from the red bullflag at this exact spot on the chart, there is some excellent bullish confluence here as you can see the measured move breakout target from here would be the exact same target as the much larger Purple bull flag we broke upwards from back in February. Both have a target around 99k. So this would indeed be a great spot for such a breakout to occur. We can also see the weekly 50 moving average(in orange) is holding very strong bounce support and should help to prevent the price action from recentering the flag/channel in the coming months as it climbs higher. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
3
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
XVG going parabolic upon 1day golden crossYet another shining example of apparently hall all boats rise thanks to the golden cross. Right when golden cross occurred Verge goes parabolic. It has now broken confidently above this inverse head and shoulders pattern and still would make 54% gains from its current spot to hit the full breakout target of the inverse head and shoulders pattern. Though Verge has long been considered a dead coin, I do recall talk that it may possibly one of the few cryptos that is currently ISO20022 compliant right now so that is indeed an advantage it has going for it right now. Possibly not so dead afterall, but this could also be a case of “All boats rise” with the current parabolic market conditions. Also wanna give a proper shoutout to my friend Saeid for believing in this one. Saeid focuses more on elliot waves and harmonic chart patterns and is a solid analyst himself, and he believed in XVGs potential to do something lke this much mroe than I did. *not financial advice*
CRYPTO:XVGUSD
by DrDovetail
1
Goldencross even causes coins like EOS to go parabolic You know when even a long considered dead coin like EOS also responds with a parabolic pup on the day of its golden cross that at this point my hypothesis has to be proven. This is like the 20th example I’ve given of this occurring the same day as a chart’s golden cross. Remember this behavior the next time alt season begins during the second parabolic leg of a bitcoin bullrun. Anyways I never expected to chart an EOS chart but here we are. Would normally never hold this coin but do see it as an opportunity to at least take a position in it to its eventually double bottom breakout target. *not financial advice*
COINBASE:EOSUSD
by DrDovetail
4
Solana potentially breaking upward from bullishpennant on daily If it can breakout of the pennant already from this spot then it’s price target will be around $343 wouldn’t surprise e if it finds a way back inside the pennant to consolidate a little ore first but I’d be ore than happy with it breaking up fr the pennant already. Odds are good if it doesn’t break upward fro the pennant here that the orange 50ma will eventually force it up out of the pennant when it rises up to enter the pennant in the next few days. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
ELECON Ltd: Bullish Breakout in Motion – Ready for Your Next TrELECON Ltd is powering through with a strong bullish phase, backed by a bullish Marubozu candle and rising volume, signaling a solid uptrend. With technicals lining up for continued growth, this stock is turning heads! 📊 Donchian Bands: New highs, indicating potential breakouts ahead! 🔥 Bollinger Bands: Positive breakout confirms sustained upward momentum. 📈 RSI: At 59, there's room for more growth without hitting overbought territory. 🚀 Stochastic: A scorching 97 shows strong bullish momentum. Looking for your next BTST or swing trade? ELECON is offering compelling potential with strong bullish momentum and excellent technical backing. Don't miss out – keep an eye on ELECON for your next big move!
NSE:ELECONLong
by ruelfernandes
Quant’s big green candle today coincides w/ its goldencrossJust like so may other alt coins around the market, Quant exploded upward on the day of its golden cross as well. There’s a slight chance t could pull back from here in which cae then it could possibly form a right shoulder of a potential inverse head and shoulders and give people a chance to enter in lower before the next leg up, or it could just keep pumping right through this current tan colored resistance line and continue up to the purple neckline of it’s massive double bottom pattern. Ether way whenever it flips that purple line to solidified support,the breakout target can send Quant all the way back up to its old all time high, likely making a new all time high in the process. Looking forward to seeing where this one goes. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
CRYPTO:XRPUSDLong
by DrDovetail
2
Legendary Golden Cross on XRP happening right at triangle apexThis chart screams bullishness. We are just a few weeks max from the apex of this symmetrical triangle on the xrpusd weekly chart and we are also about to have a weekly golden cross(where the orange line goes above the blue line) Doesn’t take a TA expert to see on this chart what tends to happen when this weekly Goldencross occurs on xrp. Obviously this isn’t financial advice but if I had to take a mildly educated guess of what the outcome with the highest probability of happening here is I’d simply say:UP!!!
CRYPTO:XRPUSD
by DrDovetail
1
Posted a chart of the XRP triangle fractalWe can see xrpusd is doing something very very similar for the past few years its been forming this massive triangle pattern that it did before the last time it had its massive breakout from a triangle that eventually led to its all time high. On the weekly chart we can see we are now very very close to the apex of this triangle and I have also superimposed a small screenshot of the triangle it broke up from. Back then as it does seem to be repeating itself here. If you zoom in you can see just before it broke up from the previous triangle it painted a big red wick to the downside to fake a lot. Of traders out of their positions before finally skyrocketing up and out of the triangle. This increases the odds that the fractal of that triangle we are in now might also have a big capitulation wick that dips below the current triangle first before the breakout upwards. If we are lucky enough to get a repeat of this fakeout tactic I know I will personally be buying such a dip. Speaking only for myself of course *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
1
Filecoin firmly above invh&s as Goldencross occursPrice needs to flip the ascending white trendline to solidified support to be fully confident that price wont try to dip back below the inverse head and shoulders neckline again, and as of now that white line is still currently resistance, but with the golden cross just occurring and the way most alts have been bullishly responding to their golden crosses the same day as the cross, coupled with the fact that the white line has not had much strength behind any of its price rejections thus far, makes me believe we will see priceaction flip the ascending white trendline to solid support before too long. I will be looking for the dotted measured move line from the invh&s breakout to attempt to maintain support and if not then the next support below that is the inv h&s neckline. After that the final support is the thin bluish green colored 21 moving average. I anticipate one of these three supports will ultimately hold. *not financial advice*
COINBASE:FILUSD
by DrDovetail
Something very peculiar is occurring with XRP dominanceUsually when the candles go upward on the xrp dominance chart, the btc dominance chart is going downward and the liquidity along the xrp dominance chart go up is coming from bitcoin liquidity. This time however something has changed. XRP dominance is rising substantially all while bitcoin dominance is also still rising. This suggests that the liquidity is no longer coming from btcoin but instead from other sources likely institutional investors. We can see the candle on the monthly has broken above the neckline of a large inverse head and shoulders pattern on the logarithmic chart. Will be interesting to see how well this plays out. Chart patterns don’t behave as they usually do when working with these kind of charts so it’s no guarantee what looks like a bullish breakout currently will behave like one. I will definitely be keeping an eye on this as it develops though *not financial advice*
CRYPTOCAP:XRP.D
by DrDovetail
XRPBTC breaking up from triangleYou never know when chart patterns will behave roperly when you are on the xrpbtc chart. Often times all bets are off on the usual chart pattern expectations with this pair. Suppose we were to actually follow through with the measured move breakout target from this blue triangle xrpbtc pears to be breaking up from well it would put price action even noticeably higher than the all time high between this pair that was set back in 2018. Let’s see if for once price action behaves like it’s supposed to herewith this pair. *not financial advice*
by DrDovetail
XRPBTC breaking up from triangleYou never know when chart patterns will behave roperly when you are on the xrpbtc chart. Often times all bets are off on the usual chart pattern expectations with this pair. Suppose we were to actually follow through with the measured move breakout target from this blue triangle xrpbtc pears to be breaking up from well it would put price action even noticeably higher than the all time high between this pair that was set back in 2018. Let’s see if for once price action behaves like it’s supposed to herewith this pair. *not financial advice*
by DrDovetail