DrDovetail

DrDovetail Updated 

We can see xrp has almost reached the full breakout target of the pink inverse head and shoulders pattern shown here. There is a much higher projected breakout target for the green symmetrical triangle though. Usually after hitting the initial target when there are 2 or more breakout targets in play, you will se it then have a correction back to previous...

DrDovetail Updated 

I normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much...

DrDovetail Updated 

Brown trendline represents the head and shoulder neckline. Yellow neckline is the rimline of an inverted cup and handle. Both essentially have the same breakdown target. Price needs to get above these trendlines soon to avoid triggering the breakdown.

DrDovetail Updated 

You can see here on the 1 day chart xlmusd has formed an inverse head and shoulder pattern with it only just recently rounding out the 2nd shoulder and returning now back to the neckline. As always I must wait for a breakout confirmation above the neckline and some confirmation from volume before basing my buys off of this but I anticipate it will likely confirm...

DrDovetail Updated 

You can see xrpusd has been consolidating inside this brown symmetrical triangle since march. Odds favor this breaking upwards but I will await breakout confirmation. My guess is it will have a breakout target somewhere within the vicinity of 70 cents once it does break upward. *not financial advice*

DrDovetail Updated 

The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor...

DrDovetail Updated 

Which of course adds a second even higher breakout target than the 1st one. It just recently retested the line as support and has been bouncing up from the retest which is what I’ve been waiting for to ensure the neckline was a legitimate one. It’s breakout target is the green one. At $106 *not financial advice*

DrDovetail Updated 

A bull flag and also an inverse Bart from a bear flag. Price action may find resistance temporarily at the 200 ma(in blue), but if so watch for the 50 ma (in orange) to maintain support to increase probability that price will overcome the 200ma and continue towards the breakout targets. *not financial advice*

DrDovetail

If xrp can maintain solid support above $1.65 or so for multiple consecutive 3month candles on the logarithmic chart, it should confirm the breakout of this green bullflag that it has been consolidating inside for the past 5 years now. If it can initiate this breakout by July of 2024, the measured move breakout target for the flag would be as high as $1000. Of...

DrDovetail

If this pattern is validated, I would anticipate the DXy chart would dump while this one breaks upward. No guarantee this pattern will validate though as always must wait for confirmation of the breakout. *not financial advice*

DrDovetail

We can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the...

DrDovetail

The enckline of the double bottom, which is also the top trendline of this rising channel shown here. Is currently still resistance, however should it start to close a few consecutive weekly candles above this neckline/top trendline and then trigger the breakout the target would be around 9 cents. *not financial advice*

DrDovetail Updated 

We can see a falling wedge on btcusd’s 1 day chart and a nice candle break above the top trendline of the wedge with good bullish volume surge confirmation to go with it greatly increasing the probability the breakout of this wedge will be confirmed. If so the full measured move target from the wedge would take price just ever so slightly above the pink neckline....

DrDovetail Updated 

The green descending channel that xrpbtc is currently breaking up from it has been inside for the last 6 months or so. The breakout target of the channel should lift xrpbtc priceaction above bothe the weekly 200ma(in blue) as well as the daily 200ma(not shown here). If it finds a way to break up from the symmetrical triangle it can rise all the way to .00006. ...

DrDovetail Updated 

Much like btc and eth and several other cryptos currently are. *not financial advice*

DrDovetail

On the 4hr-1day charts we can see gold has broken up from a bull pennant. It is now finding resistance exactly at the top trendline of the yellow channel. This trendline also qualifies as a double bottom neckline. Based on the measured move target of the green bull pennant…price action should break well above the double bottom neckline which makes probability high...

DrDovetail Updated 

We had a glorious breakout yesterday and today have seen that candle retrace more than 50 % of its length liquidating all sorts of top buyers no doubt. This happened after price manages a wick above the monthly 50m (in orange) but ultimately was rejected from that zone. It wasn’t just the monthly 50ma that put up the resistance however…there is in fact one last...

DrDovetail Updated 

Stellar’s XLM looks like its finally gonna trigger the inv h&s pattern it had previously done a fakeout or 2 above the neckline of. We can see before on its first trip above the neckline the original right shoulder was extremely small…it then went back under the neckline and has since created a much more robust right shoulder before now finally breaking back above...