DrDovetail

DrDovetail Updated 

We can see Solana has successfully retested the bottom green neckline as support and is seeing a nice green cancel bouncing up after the retest greatly increasing the probability that it will confirm it’s inv h&s breakout and head to the mid $50s for it’s breakout target. On the way to that price target, we will clear the neckline of a slightly bigger inv h&s...

DrDovetail

We can see the double bottom pattern here in blue and the bullflag in lime neon green. Both breakout targets take us to the 26.3k range. This is great bullish confluence also great to see how when inside the flag the price action held perfect support when retesting the teal horizontal neckline of the double bottom. This all appears to be leading to something...

DrDovetail

For now we won’t know exactly where the measured move target will be until we know clearly where we officially break above the neckline as well as flip it to solid support. Will update this idea once it happens. *not financial advice*

DrDovetail Updated 

Waiting to see where the current candle closes. Seeing priceaction flip the 1day 50ma (in orange) to support would make me more confident of the breakout. If breakout confirms target should be around $28.

DrDovetail Updated 

Not financial advice but I’m accumulating small amounts of digibyte in this zone because although its totally possible we can breakdown from the rising channel DGB has been in on the log chart I think its more likely we continue to stay in the channel for longer. Also the head and shoulder target while very possible currently seems like the lesser probability than...

DrDovetail Updated 

1 hour patterns tend to not reach their full targets a lot more often than the time frames that are 1 day or longer…however if we are still inside the larger downtrend then hitting the full target is a high probability. Lots of doom expected this week which could lead to further bearish patterns after this one. Will have to wait and see if we can get an...

DrDovetail Updated 

We can see price action on the weekly xrpeth chart is peeking above the neckline of an inverse head and shoulder pattern here. If we can close this weekly candle above it and see a bullish volume impulse on next weeks candle we should be able to confirm this breakout which has a target that would lead to xrp gaining 59% in value against ethereum. For now this...

DrDovetail

We can see price action is now currently back above the weekly 200ma (in blue). This key moving average has held solid support for most of bitcoins existence and if it can flip back to solidified support here as well then it should allow price to break up out of this falling wedge right around where I have placed the dotted line that charts the measured move of...

DrDovetail Updated 

Breakout target shown here in green. *not financial advice*. Iota may be a sleeper. Supposedly an ISO20022 compliant crypto.

DrDovetail Updated 

It needs to stay above this horizontal yellow line. One way to secure doing that is to flip the orange 1 day 50ma to solid support..I wouldn’t get to excited about this triple bottom validating until it can hold the 50ma as strong support. Once it does we have room for some significant upside as you can see here on the measured move target. *not financial advice*

DrDovetail Updated 

If it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which...

DrDovetail Updated 

Target is 94 cents if it confirms. Confirmation is likely considering the deal Polygon just made to work with Disney on their metaverse. *not financial advice*

DrDovetail Updated 

No confirmation yet and its always imperative to wait for confirmation…should it confirm the breakout, the target is $90. Waiting for not just a candle close above the white neckline, but also a follow up confirmation candle to show us a bullish impulse.

DrDovetail Updated 

We are currently in a bear pennant. The total breakdown for the pennant has a target of 5k…if we just take the triangle part the breakdown is 14k….I think we go slightly below 14k then find our bottom aroun 13.7-13.9k Before the rebound. Of course there is also a slight chance we’ve found our bottom already in which case it will just break upwards instead of down....

DrDovetail Updated 

This is a super pivotal moment for the bitcoin correction. The candle is currently holding support on the bottom trendline of the wedge. However it wouldn’t surprise me to see the candle send a brief wick down to the monthly 50ma (in orange) which is double reinforced support with the grey line of the logarithmic regression rainbow. I could see us sending a wick...

DrDovetail

We can see that bitcoin is inside a massive falling wedge on the daily chart, and like usual with most bullish falling wedge patterns there also hides within it a bearish head and shoulder pattern as well. I have charted the breakdown target for the head and shoulder pattern as well as the breakout target for the falling wedge here and it’s pretty obvious to me...

DrDovetail

I’m not saying this pattern will validate or even that it will reach its full target. However, it is currently in play so I felt the need to post it here. We just recently got a lower low on the weekly chart which could easily confirm the bear market especially if we follow that up with an uptrend that ends with a lower high before it reverses back to the...

DrDovetail Updated 

We can see it overshot its breakdown target due to the immense fear, uncertainty, and doubt created after UST de pegged from the dollar twice over the weekend. Now that it has reached its breakdown target its uncertain of whether or not it wills top dumping but we can see in the process it has created a lower low which is not a good thing for maintaining its...