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Bullishbreakout

XRP just fractions of a cent away from hitting the dbl bttm trgtthe green horizontal was the double bottom neckline. the dotted green target is the measured move target from the point of breakout above the green neckline to the measured move target….as we can see mere fractions of a cent from reach 100% of the target! Should hit on this follow up candle. I would also not be surprised to see this follow up candle retest this purple line. If we can retest this purple line as solidified support for enough candle closes then we can then look forward to the next higher measured move target that ends at the room at the dotted ascending purple line. Wen price is this close(less than a pip) it’s close enough for me to proclaim target hit! This should help us confirm the break up from the monthly symmetrical triangle pattern before too long *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
Bitcoin heading for the inverse h&s breakout target @ $23174The downward slanted inverse head and shoulder pattern bitcoin broke above back in late November appears to finally be reaching it’s long awaited breakout target. We can see the neckline of the inv head &s pattern indicated here on the 1 day chart with the white descending neckline and the dotted measured move line positioned right where the breakout happened. Been watching this one for multiple months now…even when it did its fakeout breakout back around October. Had to readjust the measured move for the official breakout point slightly lower but it would be amazing if price action reaches the target on the very day the measured move line ends in the price label. Anyone who has followed my charts closely would know that this wouldn’t be the first time price has reached the price target with that kind of exact precision…so it would be awesome if we see it yet again. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
Gold has broken up from the descending channel.Hard to say whether or not it will reach its full target, but seeing as how it is already pretty close to that target, the risk to reward ratio of trying to jump into the trade now in hopes that it will is not worth the risk imo. As a long term hold I still see gold as a wise investment though so it wouldn’t be the worst thing to buy some here and maybe wait for a correction after this breakout move to accumulate more. *not financial advice*
OANDA:XAUUSD
by DrDovetail
Ethereumm just hit the white descending channel target!Target Hit! You can see here the measured move (dotted white line) taken from the point of the breakout from the white descending channel. Been watching it since November, but it finally hit its target with exact precision! Hard to tell if it will cool off much now or continue to climb…the pink rising channel has a measured move slightly higher than this and it looks like it has broken up from the rising channel too which is never a good signal for bears if a bearish pattern breaks upward. *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
ITI - Bullish Swing Reversal with VolumesNSE: ITI is closing with a bullish candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:ITILong
by BrahmaBull31
DXY candle does 180 reversal after hitting exact breakout targetThe breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it reached the falling wedge target inspired me to post a chart just to reaffirm that once again, TA Works! Target Hit! *not financial advice*
TVC:DXY
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
LICHSGFIN - Bullish Breakout with Strong VolumesNSE: LICHSGFIN is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:LICHSGFINLong
by BrahmaBull31
NAUKRI - Bullish Consolidation BreakoutNSE: NAUKRI is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:NAUKRILong
by BrahmaBull31
1
HEROMOTOCO - Bullish Consolidation BreakoutNSE: HEROMOTOCO is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:HEROMOTOCOLong
by BrahmaBull31
NAVKAR - Bullish BreakoutNSE: NAVKAR is closing with a strong bullish breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 9% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:NAVKARCORPLong
by BrahmaBull31
1
An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1
LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
Monthly falling wedge on btcusd reaching its apex on bitstamp.We currently have 9 consecutive daily chart candle closes above this falling wedge. You cant see that here because it is the monthly chart. I think we will need at least 2 weekly candle closes above the falling wedge to confirm its breakout however. Other exchanges charts have had price action above their falling wedge patterns for even twice as long as this one has so that adds to the bullish confluence and probability that this pattern will soon confirm a break out upward. A breakdown from this pattern would result in an impossibly low measured move target so odds favor the break upwards. May still take a couple months to confirm however. (Not financial advice)
BITSTAMP:BTCUSD
by DrDovetail
10