Inverse head and shoulders patterb on TeslaI noticed the previous chart I posted for tesla I accidentally had logarithmic mode turned on so. Wanted to show the more realistic linear chart breakout target here. *not financial advice*
Linearchart
XRPETH breaking up from bullflag on the monthly chartAlready over halfway to the breakout target, this may only be just the beginning of the upswing however as we are likely to be confirming the breakout of a much more macro falling wedge on the logarithmic chart on our way to reach this bullflag target on the linear chart. *not financial advice*
The weekly linear symmetrical triangle truncatedI wanted to post thesame triangle I posted in the previous idea,but instead of starting the top trendline from the ath in 2018 starting it from the second highest wick.I think both are valid but wanted to give this one its own separate chart since in doing so it makes both the top trendline of the triangle and the bottom have a more similar length and also gives me a easy red ,ove line that is tilted forward which could be useful should the dotted measured ove line start to act as additional support or resistance along the way to the target. Once again as I said in the previous idea, no breakout has been confirmed of this in ear triangle pattern just yet, but the current weekly candle is holding wick support exactly on the top trendline currently which is an optimistic sign. Still completely possible it loses that support but for now it seems post worthy so I can keep a close eye on it. *not financial advice*
Updated monthly chart of the XRPUSD Symmetrical TriangleWe just had a big correction in the crypto markets and like clockwork the bottom trendline of this symmetrical triangle held exact support on the bottom wick of the current monthly candle. Will be interesting to see if that holds ultimate support as often right before a pattern breaks up there is a big pullback in price action similar to an archer pulling back their bow before releasing the arrow and letting it fly forward. So it’s also quite common to see price dip below the bottom trendline of a pattern right before the breakout upwards. Meaning, there’s still an opportunity for a correction that dips below this triangle before the break upward which would be a nice opportunity to accumulate a little at a discount if it were to occur. Either way the current dump we have experienced gives me confidence that a breakout is right around the corner. On the linear chart the breakout target for the triangle is right around $2.36-$2.40. The logarithmic measured move has us eventually reaching a target of around $11.47 or so but that is likely to take a fairly longer amount of time to reach the target of. I posted another chart of this triangle logarithmic mode and will link that chart link down below. *not financial advice*
Propy’s Linear chart has a more realistic invh&s targetI posted my previous Propy chart on here before realizing I had the chart mode set to logarithmic. Log charts also do usually reach their targets as well but sometimes it can take multiple bull runs to hit the really high targets on a logarithmic chart. So I thought it would be wise to switch the chart to linear and show what the linear breakout target would be for the inverse head and shoulders target as it has a much higher probability of reaching this target within a month or few of it validating the inv h&s breakout. We can see the target for the pattern on the linear chart is considerably lower and only at $5.60 instead of the $42 price the log chart has the measured move target at. I can believe that propy could eventually hit $42 but theres no guarantee that happens this bull run, sometimes log chart targets take multiple bull runs to get reached. That being said, it is still very possible propy could reach such a price this bull run, so its wise to include that price target as a real possibility, but also even wiser to not consider it a certainty by any means(at least not for the current bullrun). For now I’m setting my pragmatic sights for the invh&s breakout target at around $5.60(depending on whenever the breakout is actually validated which could take many more dips back below the neckline first) *not financial advice*
A non log version of total2 c&h & bullflag on the 1month chartBecause the log chart target for the entire bull flag on total2 was so astronomically high I though it ma be wise to also post a linear vhart version as I knew it would have much smaller measured move targets. So here it is.The targets on the linear version of the flag seem far more attainable for the alt market this bull run than the log chart bullflag breakout target does. I do think the log charts flag target can initially be hit but very unlikely this current bull market. *not financial advice*
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
