DrDovetail

DrDovetail Updated 

Currently firmly above the neckline of this inverse head and shoulders pattern. Could definitely still find a way back below the neckline but if it does return to the neckline and maintain it as support that is a solid place to go long or add to a position for my own personal strategy. *not financial advice*

DrDovetail Updated 

SUUSD has had a very notable pump on this uptrend which hopefully will end up being the beginning of confirming a real sustained uptrend in the alt market. *not financial advice*

DrDovetail

I just posted a weekly version of this same pennant in the previous idea which I will link below, i wanted to also post the version of it on the 1day timeframe as well because the top trendline of the wedge on the 1day time frame has a different trajectory which lengthens the wedge considerably. With this longer wedge we can see that if it is the more valid for...

DrDovetail

The daily failing wedge’s top trendline is not as sharp of a trajectory as the the weekly timeframe’s and due to this, the daily time frames wege is noticeably longer, so I thinkI am going to post a follow p idea to this one that shows the longer version of the wedge, not sure which one is more valid yet at this current time. If the weekly 50ma(in orange) can hold...

DrDovetail

Looking like a very valid pattern on the weekly hart. My guess is it will break upward somewhere around where I have arbitrarily placed the dottedmeasuredmove line, in which case the breakout target would be somewhere around $4.80 always a chance we retest the bottom trendline and even send a wick below. It before confirming a break upward though. *not financial advice*

DrDovetail

Target is $3. Very likely to hit the full target based on the bullish momentum from the sec ripple appeal being ofifcially dropped. Likely to continue upward from there as well but for this current idea I only wanna focus on the inv h&s target. *not financial advice*

DrDovetail

I decided to do a second chart idea on the pennant I posted in the last chart, this tme including the super pivotal support trendline and moving the emasured move line to the point that support line crosses over the top trendline of the wedge. Will be interesting to see if either of these measured move line projections from this dea and the last one play out. *not...

DrDovetail

The full wedge extends all the way into August. I certainly hope we break up from it well before then. I place the measured move line around where I think we old break upward from if we can flip the 200ma back to solidified support. It of course could actually take much longer to break up from the wedge but even if it did the lowest price of the wedge is really...

DrDovetail

It’s hard to say where it will. Break up from ths pennant, I put the dotted measured line in an arbitrary spot which will almost certainly have to be readjusted and most likely further down than where I placed it but if it were to somehow break up from the wedge by then and confirm that breakout the target would be in the 145k zone. *not financial advice*

DrDovetail

Unless this is some sort of strange bull trap. The recent declaration o Trump’s Truth Social page that he will be including ADA in the Strategic reserve has resulting in a major pump for cardano here which will likely confirm the breakout of both this bull flag its currently above and the cup and handle it’s about to be above (yellow line) *not financial advice*

DrDovetail

We knew it was likely this would happen at some point in the near future from when the gap was formed and it appears like now is the time. Price action needs to dip as low as $77,920to fill the gap entirely. History tells us the correction should be over with not long after the gap is filled. The only way this isn’t the case is if the top of the bull market was...

DrDovetail

Now that we have had a bounce from yesterday’s big red candle I was able to find two new parallell trendlines that essentially widened the descending channel price has been consolidating in. We need price to get back above the red line soon however for that is a double top neckline, a double top with a full breakdown target of 70k, so we definitely wanna avoid...

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...