DrDovetail

DrDovetail Updated 

To me the bottom trendline of the channel appears to be this bottom purple trendline…if this wedge we’ve been in all April decides to break upward here right at the beginning of May I would’nt be surprised if the current candle will be the one that finally bounces us up from the downtrend we have been in all April. There’s also a chance we could send a wick below...

DrDovetail Updated 

Yet another alt with the same pattern. It’s currently above its smaller double bottoms neckline and will likely confirm a breakout from that zone in the next couple daily candles.

DrDovetail Updated 

I personally think the wedge breaking up makes more sense to get validated than the channel breaking down does..Until I see us form a lower low on the daily (below 28.6k) I tend to side with the bullish pattern. If the channel breaks down we could dump pretty severely as it is also the flag of a bear flag with a pretty lengthy pole. Only way we do that is if we...

DrDovetail Updated 

I feel like this would be a great spot for a potential end to the current correction. It is a convergence of two major trend lines. The green trendline being the top trendline of the wedge we broke out of a few weeks ago and the brown line being the bottom trendline of the channel we’ve been in forever now. Price action loves to retest the top trendline of a wedge...

DrDovetail

This current purple bullflag…of which probability is increasing that it will at least do a breakdown fakeout and send a wick to retest the top trendline of the wedge we just broke out of as new support(in teal). I’m thinking it could occur where the brown trendline intersects the teal one or possibly where the pink one intersects the teal one. The pink and brown...

DrDovetail Updated 

Looks like Monero is gonna trigger this double bottom that I posted an idea on last week or so. $240 is the target *not financial advice*

DrDovetail Updated 

Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always...

DrDovetail Updated 

Initial target is 1.20 and after that should eventually head to $2.55 according to the height of the triangle. Being a weekly chart it could take several weeks and even a month or 2 to reach this target…it could also pump right to it in a matter of a candle or 2. We will find out soon enough. *not financial advice*

DrDovetail

This wedge could attempt to retest its top trendline for support..if it does the trendline is currently around 38k. As long as we can maintain 35.5k as support worst case scenario then the bull market should be maintained. No guarantee we will be dipping to these levels though.

DrDovetail

I don’t trust this crypto after it had such a massive free fall from its original price so it wouldn’t surprise me if this is some crazy bull trap…however TA suggest it should be heading back to the $60 range some time in the near future. *not financial advice*

DrDovetail Updated 

On the 1 day chart it was hard to find a legitimate chart pattern to justify ZILUSD’s sudden pump here but once one flips to the weekly chart this pattern emerges. This triangle is probably more valid on either the 2 week or 3 week chart than it is the 1 week considering how many weekly candles we closed outside the triangle before we saw the breakout. Judging by...

DrDovetail

Of course it could dip back below it like many cup and handles tend to do after the first initial break above the rimline..but for now it’s testing that line as support and once it verifies the breakout it should make more than 50% gains from here. No breakout confirmed just yet but seems likely in the near future. *not financial advice*

DrDovetail Updated 

Could retrace a bit before reaching the purple wedge target. Double bottom neckline should maintain support but no guarantee it will correct that much. *not financial advice*

DrDovetail

Surprising xrp hasn’t confirmed its breakout from this pattern yet with so many monthly candles now closed above it. I’m guessing it may be more valid as a 3 month chart pattern instead which if so we should likely see this pattern breakout confirmed before June. Keep in mind this is a monthly chart so if this patterns breakout is confirmed it could still take 6...

DrDovetail

The XRPETH monthly chart does look like it needs to make a decision soon. To the me that decision seems like it will be a breakout upward, but of course these kind of pairs charts don’t behave anywhere close to as predictable as the usd pairs seem too so this pattern may not trigger like it usually does in traditional TA. Regardless even if it does break upward,...

DrDovetail Updated 

Waves having a crazy bullish pump in which it has reached a new all time high, and based on the chart pattern it broke up from of a falling channel, it should keep going until it reaches its target at $56. I’m guessing a correction from there but it could easily continue higher after cooling off. We can also see a bit of a double bottom inside the channel however...

DrDovetail Updated 

I’m sure this chart looks like a mess to most of you but every line currently on the chart is part of a pattern that is currently in play. We can see the smaller double bottom pattern we have been above the neckline of for a few days has a breakout target of 47.7k which it appears we are currently heading to now. In doing so, price action has also hoisted itself...

DrDovetail Updated 

Neckline still resistance for now. May need a slight correction before confirming a breakout above it. Definitely one to keep an eye on.