DrDovetail

DrDovetail

Also wanted to post the 1day timeframe logchart for xrp because it has a valid series of channels too but different ones from the linear chart, and posting both as chart ideas makes it easier for me to keep track of them. *not financial advice*

DrDovetail

Lots of support here and price action should maintain support near the middle of these series of descending channels. *not financial advice*

DrDovetail

If bitcoin can flip the 1 day 50ma(in orange) back to solid support it should confirm a breakout from this yellow descending channel it has been consolidating in. If it were to do so where I blacked the vertical dotted yellow lne the target would be about 105k or so. *not financial advice*

DrDovetail

Every single one of these lines has significant resistance and support with price action candle wicks and bodes. We can see that the double top of the last bull market has both of it tops connected by one of these channel trendlines. That same trendline we broke above not too long ago nd t was also during the recent correction the exact level of support for the...

DrDovetail

Been consolidating inside this one for some time now and its been creating a lot of uncertainty in the market lately as most people have been distracted by the bearish h&s pattern on the Daly chart and haven’t zoomed out to the higher time frames to realize this whole time we’ve ust been consolidating inside this bullflag. The stochrsi has already been reset for...

DrDovetail

I decided to post an updated version of my current xrpusd daily chart to more accurately display the measured move line at the spot of the exact breakout so we can see it work its magnetism on price action and so far you can see here we had a perfect wick support bounce up from the dotted measured over line like clockwork. Let’s see if it climbs up the lne like it...

DrDovetail Updated 

I have the weekly chart timeframe selected here simply because I needed to expand the timeframe on the chart to be able to fit both inverse head and shoulders patterns and their respective breakout targets in the frame. Wanted to put the timeframe on the daily chart so. Could show once again how these recent crypto pumps have all being launching on the exact day...

DrDovetail Updated 

If Litecoin’s price action reacts the same to its golden cross as many other crypto charts have recently, we will likely see Litecoin rise above the invh&s neckline i the coming days. A confirmed breakout from the invh&s has a breakout target of around $173. *not financial advice*

DrDovetail

I do think eth will be making decent gains here in the near future, but t looks like xrp will outpace those gains with its own gains based on the current chart pattern on the XRPETH chart. *not financial advice*

DrDovetail

I had to use the weekly time frame instead of the daily to fit all 3 patterns in the frame here. As you can see we have a double bottom(green neckline), an inverse head and shoulders (tan neckline), and a pink bullflag that price action is currently breaking above each of. Their full measured move targets are all relatively close to eachother too which creates...

DrDovetail Updated 

We can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not...

DrDovetail

Notice the yellow descending trendline on the stoch rsi indicator, we can see this line held resistance fr quite some time but stochrsi is now finally braking above t while price action has simultaneously closed the previous candle with the body poking above the top trendline and now the current daily candle looks like it will hold that trendline as solid support...

DrDovetail

In this HBARUSD chart update, we can see here the. Day 50 ma (in orange) is still providing solid support to hbarusd’s price action and probability is good that it will push price up out of the bull flag it has been consolidating in. *not financial advice*

DrDovetail

Currently retesting the top trendline of the bullflag. It hasn’t tested this zone much so resistance is very possible to hold for the moment however I expect that resistance will likely be fairly temporary. *not financial advice*

DrDovetail

Current daily candle is starting to poke its way above the flag. *not financial advice*

DrDovetail

Arbitrum looks like it has probably founded the lowest depth of the right shoulder of it’s inverse head and shoulders here as it has now broken upward from this purple bullflag here and is now back above the 1 day 50ma(in orange). The breakout target of this flag will take price action above the neckline of the inverse head and shoulders pattern if it hit its full...

DrDovetail

Target for the pennant hound be around $1.86 . I also noticed the.bitcoin dominance chart’s 200ma looks like its finally flipping back to resistance which if so will increase the probability of ADA hitting this pennant target as well as alt season finally officially starting. *not financial advice*

DrDovetail

I am still expecting significant resistance in the 120-130k range so to see this having a full target of 140k is pretty wild to me. Perhaps we have. Correction before reaching its full breakout target, or perhaps price sends a large wick above the resistance up there to hit this target before that resistance rejects price for a significant correction. Either way I...