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Higher-high

SOLUSDT - Cup & Handle TALeaning and developing TA in the Crypto World. The Cup and Handle formation can be seen here as we have a drop in the price and a rise back up to the original value. This is then followed by a smaller drop before continuing upward passed the previous peak. Generally this is a good indication of an upward trend. We see higher lows forming and higher highs before the break of resistance. Resistance is broken and away it goes! Are there any other TA that could be used in this situation?
by dmcmaster448
1
FCPO TRADING : 191) confirmation shift-of-trendthis is haidojo and the number is 191... fcpo-dec not only stay abv 2830 but also shoot up to the next level at 2890-2900... a higher-high is formed...so confirmation shift-of-trend...if it stays abv the 2900, then we might have a full throttle... bull in charge then... for now, either sideway or uptrend...higher level is 3033-3100... higher resistance : 3030-3100 immediate resistance : 2900 temporary support : 2830 lower support : 2800 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
MYX:FCPO1!Long
by HAIDOJO_trading
2
BTC forms 1day higher high 1st time since bearmarket beginning!!This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully hand control back over to the bulls. if we do not form a higher low then we will almost certainly see a capitulation candle to follow...if we do then capitulation already happened in December! Very exciting either way you slice it!
BITSTAMP:BTCUSDLong
by DrDovetail
Extremely pivotal moment for bitcoin could signal bearmarket endIf we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price action above the lavender horizontal trendline at $4117. Why is this line so pivotal? Because if we can reach above it we will for the first time since near the beginning of the bear market form our first higher high on the 1 day chart. That would signal that we may finally be starting to see exchange in the overall market trend from bearish to at the very least more sideways...we could of course hit that higher high and still follow it up with a lower low if the rejection at the top descending dotted white trendline is powerful enough...if we were to then follow it up with a 1 day lower low, that would almost certainly become our capitulation candle(unless we already had capitulation back in late December at 3.1k). Also if we were to follow the daily higher higher with a lower low, even though bears would then still be in control we would very likely have another higher high after that lower low since it would likely be a bounce up from capitulation and from there we could expect a higher low and a subsequent higher high after the higher low on the daily. Once we can complete a consecutive higher high/higher low/higher high sequence on the daily chart I will then be confident the bottom is indeed in. However we could also bart down here instead of breaking up from the bull flag and simply continue our never ending bearmarket series of lower highs on the 1 day chart....if so the bottom may not be in for some time. So for now though this is a very pivotal moment for btc...especially if we can break up from the current 4hr bullpennant. 4hr stochrsi looks like it wants to go up but the daily stochrsi looks like it wants to head downward so who knows it could break up hit the target and then have a big retracement...if so as long as the breakup goes above 4117 that will be a very very good sign...even if we capitulate immediately after.
BITSTAMP:BTCUSD
by DrDovetail
Augur wins most bullish chart of the day. WIll continue.Augur started its bull impulse after breaking up out of an inverted head and shoulder pattern it then went well above the projected breakout target and it was at that moment you could tell it was going to at least aim for a cup and handle or a higher high. It has achieved that higher high and not only that the enxt high to reach is a considerable rung above here...I didn't have time today to buy into the initial bull breaks on augur bu am planning on buying in if it can maintain and solidify support right at the first horizontal teal trendline. If It can, I am confident we can see a golden cross on the daily for Augur as you can see it's already fairly close an this current bullish action ahs likely sealed the deal for the golden cross. If this happens expect augur to continue to go up even if btc goes down...the next target to watch for is the next horizontal teal line above this....if the golden cross occurs...I'm anticipating we find resistance there only to form a cup and handle and then continue even higher. I will be watching for a retest of this first horizontal teal trendline first and foremost though...we need to solidify that as support to ensure the golden cross will occur firstly. If so I am definitely bullish on Augur in the enar future. It is of course currently one of the most utilized erc20 tokens after all. Of course this is my own personal opinion and not meant to be financial advice. Best of luck and thanks for reading!
RLong
by DrDovetail
Inverted h&s break out target of 7230 hit. Higher high achieved!Usually right after we hit a higher high we see a lower high and while I think considering we are still finding resistance at the much larger/longer inverted head and shoulder neckline we will likely dip down for another higher low here. before we finally break the neckline of the larger inv h&s. I think odds are good if we see that higher low form that we will most certainly trigger the 1 week charts descending triangle pattern...if so we will be bullish in a very big way as long as we can stay above the 1 day charts 50ma like we have been continuing to do we should trigger that breakout. Very hopeful for what Q4 might brig in btc.
BITFINEX:BTCUSDLong
by DrDovetail
Great sign for bulls we've achieved a higher high on 4hr chartWe seemed to have confirmed the bullish break upward from the symmetrical triangle we were in (in pink) the target for a breakout from this pattern is in the 7.3k range. However Now that a higher high has been achieved if we were to have a sudden downside here before reaching that breakout target it would likely only form a higher low and then continue going upward. Immediate lines of resistance to keep in mind that could prevent us from reaching the breakout target is the 4hr 200MA (shown here in blue) and the 1 day charts 50ma represented here by the orange hyphenated line, as well as the psychological resistance of 7k. All 3 are worth considering and keeping a close eye on price action once the candle tries to test any of these 3s resistance. However should this breakout be confirmed I think we will see a climb to the 7.3k region before the downturn occurs...we may even send a wick above the old inverted head and shoulders neckline before hand too. Must be ready for bullish or bearish outcomes to play it safe though.
BITFINEX:BTCUSDLong
by DrDovetail
BTC attempting to breakout of falling wedge/form a higher high Very positive signs as of late for BTC as we can see on the 4hr chart we have already formed a higher low at $7270 and are now setting our setting our sights on following that up with a higher high which we will need to get above $7661 to reach. If we do achieve this higher high and then follow it up with an additional higher low then I am confident we have gone back into bull mode...So we need to watch for both a higher high and an additional higher low to be confident we are going bullish. However it appears we are attempting to break bullishly upward from the current green falling wedge pattern I have on the chart and if we trigger that breakout I think a higher high is pretty much a certainty. We will need an additional 4hr confirmation candle to close above the triangle as well and a nice surge in bullish volume to go with it. Another good indicator will be if we can finally climb above the 60 line on the 4hr RSI which has been putting up solid resistance so far. If we trigger a bull breakout from the falling wedge we will certainly be getting over the 60 resistance line on the rsi and hopefully flipping it to a line of strong support as well....If we can flip the 60 line on the RSI to a strong line of support then we should see a nice bull run with only higher lows, higher highs, and sideways consolidation for a good portion of June. Very encouraging signs.
BITFINEX:BTCUSDLong
by DrDovetail
Bull flag beats out bear flag; new higher high established.As you can see we have busted up out of the bull flag and thus also upward out of the bear flag as well...I have posted 2 price targets for a bull flag breakout one that considers the pole of the flg to be just one of the green candles a price point we've already reched...and then another prie point in case the entire bull flags pole was also the long green candle just before that as well. I'm glad to see we've finally gotten a candle above the 50MA buy sell line as well...if we can close 5 consecutive 4 hour candles above the 50MA(in orange) aka the buy sell line...then expect thigns to get very bullish very quick with a domino effect ensuing. We continue to trigger higher climbs the odds are great that we will be reversing the death cross and triggering what's known as the golden cross which would help make things mega bullish. so not only do we have the potential to climb higher just from the bull flag breakout but by breaking out of the bull flag we also broke out of the bigger bear flag which would have an even higher potential climb in store for the price action if that breakout is confirmed which I believe it will be. So for now I'm switching to long I will only switch back to neutral or short if on the enxt retracement we get a lower high or if when we climb back up from the retracement we get a lower low...to confirm the bulls are noe in control after we got this higher high..w.e need the confirmation of then a higher low on the retracement followed b a 2nd confirmation higher high...I'm confident we will get that....this is not financial advise however so you make up your own mind. Thanks for reading!
BITFINEX:BTCUSDLong
by DrDovetail
Spirits Airlines Inc. Where's The Support Zone?Prices are currently at THE 39.00 - 38.00 Zone. I believe that we could potentially see prices go lower only to spike back up, ultimately wiping out prior higher highs at both 49.00 and 60.00 . I don't believe however this is going to happen immediately, we might be monitoring this for a while guys. Let's now wait for this stock to find a lower support zone. Sector: Industrials. Airlines Vol: 844.878K EPS: 8.94 Market Cap: 2.769B P/E: 4.47
NYSE:SAVEShort
by Graignm09