DrDovetail

DrDovetail Updated 

Subject says it all.. I kept some of the previous channels’ trendlines on the chart just n case we see any sort of correction as potential supports. WIll like previous Cardano chart with pattern whose target just got hit below.. *not financial advice*

DrDovetail

Wouldn’t surprise me if it started forming a right shoulder for another inverse head and shoulders patter at this range. It s essentially dong the same thing Optimism is doing today, which makes sense they’d have similar price action/patterns because both have been selected for Blackrock’s BUIDL. *not financial advice*

DrDovetail

Optimism leading the pack today, no guarantee it will maintain the neckline as support just yet though. I believe the fundamental news about it being one of the new 5 chains BUIDL will be on is contributing to the bullish momentum. This would make since because arbitrum is doing equally well right now also. *not financial advice*

DrDovetail

The other version of this chart I posted was on the 1 month time frame so kinda zoomed out so I thought it would be fun to keep track of sol’s price action on the 1 day chart timeframe as well. I will link the 1 month version of the chart below. It’s currently steadily climbing its way to the first target. *not financial advice*

DrDovetail

Digibyte reached the double bottom breakout target and then some with yesterday’s big green candle. Now that it has spent the current daily candle consolidating, it has already consolidated long enough to make it so there is currently a valid inverse head and shoulders pattern in play on the 4 hour chart. If it takes a few more daily candles of consolidation...

DrDovetail

Recently retested the neckline of the double bottom with a wick as exact support. Very probable it validates the breakout If so target is $1.248 *not financial advice*

DrDovetail

Now that xrp has chosen to consolidate here for a few days it gives the chance for the potential blue inv h&s possiblity to form a right shoulder here, so I thought it was worth including, The smaller purple inner inverse head and shoulders patter is definitely legit and should have its breakout confirmed as soon as xrp has it’s next move to the upside. *not...

DrDovetail

Much like litecoin’s current setup, algorand is also in the midst of completing the right shoulder of its inverse head and shoulders pattern as a golden cross is set to occur in the next 2 -4 daily candles. Hopefully the golden cross on both algorand and litecoin provide the same bullish momentum we’ve seen it already provide xlm, solana, and the total chart, if...

DrDovetail

Current weekly candle on the weekly xrpbtc chart is holding support right on the neckline of this double bottom pattern. If this candle closes and still maintains the neckline as support, and the follow up candle also maintains that support that should likely validate the breakout at that point. f so XRP should continue to make gains against bitcoin in the near...

DrDovetail

Crypto custody, trading, and on ramp solutions provider BAKKT just got a pump i price that sent it above the double bottom enckline thanks to Donald trump’s media company suggesting they want to acquire the platform. Bodes well for price flipping this neckline to support and valdating the double bottom breakout in the near future. *not financial advice*

DrDovetail

As often happens, we can see the past 7 daily candles have used the dotted red measured move line like a staircase as it slowly ascends it towards the full breakout target around 100k. It always amuses me when I see price using a breakout target line in this fashion. Just another reminder that TA works. *not financial advice*

DrDovetail

XTZ just hit its previous breakout target and much like hbar proceeded to then fly right past it and keep pumping. We can see price action is now about to reach a potential double bottom neckline on the weekly chart here. Always a good chance after a pump like this price will end to consolidate a bit before getting a second wind needed to confirm the breakout of...

DrDovetail

HBAR had a huge breakout today and shot way past the breakout target of the previous patter it had ust broken upward from. In doing so Price action is getting very close to completing the right shoulder of a much bigger inverse head and shoulders patter here. Should it trigger the breakout of this attern we ca see that the measured move target for it would be over...

DrDovetail

Seeing a to of similar patterns around the alt coin market starting to fully play out ad xtz/tezos seems like one of the next ones up to bat. *not financial advice*

DrDovetail

I 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*

DrDovetail

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

Just like the char I posted before this one, I’m posting this simply to lllustrate how the golden cross (orange line crossing above the blue line) immediately resulted in a very pivotal bullish pump that coincided with a major fulcrum point on the chart recently on multiple different charts. More times than not in the other market cycles, when a golden cross...

DrDovetail

The next couple charts I post will simply be to lllustrate how the golden cross (orange line crossing above the blue line) immediately resulted in a very pivotal bullish pump that coincided with a major fulcrum point on the chart recently on multiple different charts. More times than not in the other market cycles, when a golden cross occurs it usually takes a few...