DrDovetail

DrDovetail Updated 

One of the bigger green candlesticks we’ve seen on the daily chart for silver in awhile…would not be surprised if this breakout takes us to the $22 measured move target. The 1day 200 ma(in blue) will be waiting in that zone to likely provide resistance. *Not financial advice*

DrDovetail Updated 

We just recently reached the breakdown target for the ascending h&s pattern with the pink neckline when price fell to 109.2. Our next target is for the slightly bigger head and shoulders with the bluish green neckline at 106.9 which we are now very close to reaching. the next breakdown target after that is for both the largest h&s pattern with the yellow neckline...

DrDovetail Updated 

Finally a daily candle close above the inverse head and shoulder neckline for litecoin. Many alts have had an initial neckline penetration that then went back below the neckline for awhile before finally triggering the second time it went back above the neckline so it’s possible litecoin could also follow this same behavior. However we can see the 1day 50ma...

DrDovetail Updated 

Much like the algo chart, tezos has formed an inverse head in shoulders inside a slightly bigger inverse head and shoulders and now has 2 necklines which means 2 breakout targets. Still developing for now but it appears the it is confirming the first pink neckline as support here. *not financial advice*

DrDovetail Updated 

Is FTT about to meet the same fate LUNA did earlier this year? Luna also had a pretty nasty looking head and shoulders that it validated a breakdown from. FTTs is similar although the full measured move is negative 42 dollars which isn’t possible…that doesnt mean the pattern won’t still trigger, it just cant reach the full target….it could very easily drop deeply...

DrDovetail Updated 

We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day...

DrDovetail Updated 

On our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below...

DrDovetail

The measured move from the yellow channel breakdown has a target of around 3.33 - 3.40. There is a chance however that sol finds support on the green trendline before reaching that full target. If we considered that same yellow channel to be the flag of a bear flag however the measured move goes all the way down to negative 83. Obviously thats not possible but it...

DrDovetail Updated 

Just needs to flip the 1 day 200ma (in blue) to solidified support and it should reach both breakout targets not so long after. If it does I’m pretty confident it will see a golden cross in its near future. *not financial advice*

DrDovetail

If this wedge plays out. Interestingly enough wether the yellow line or the white one is the top trendline the breakout target is exactly the same. We definitely seem on the cusp. *not financial advice*

DrDovetail

Digibyte has done nothing to show that its about to reverse its downtrend yet, however we are starting to see the inklings of a possible double bottom forming. This is still so early in the pattern that its almost pure speculation on my part at this point. You should never try to trade a pattern until it has confirmed either a breakout or a breakdown. Although...

DrDovetail

Looking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this...

DrDovetail Updated 

If the golden cross occurs and sustains itself, we should see both of these bullish targets hit in the near future. We are currently above the yellow neckline and would reach the yellow target first. On the way there it would take us above the white channel, and flipping that channel to solidified support would validate its breakout and take us to the white price...

DrDovetail Updated 

Elon’s twitter take over likely furnishing the FOMO.

DrDovetail Updated 

Here is the measured move target. *Not financial advice*

DrDovetail Updated 

Just broke above the resistance of this brown neckline too. Next resistance on the way to the measured move target is the 200ma in blue. *not financial advice*

DrDovetail

Need to flip this orange 50 daily moving average to solid support and then we can validate the inverse head and shoulder breakout and head to this target. *not financial advice*

DrDovetail

We currently have 9 consecutive daily chart candle closes above this falling wedge. You cant see that here because it is the monthly chart. I think we will need at least 2 weekly candle closes above the falling wedge to confirm its breakout however. Other exchanges charts have had price action above their falling wedge patterns for even twice as long as this one...