DrDovetail

DrDovetail Updated 

I think we can still reach as high as 64150 and possibly a new ATH even, before any sort of correction. However, if we were to start correcting here instead we would still have a very valid very nice looking cup to start forming the handle on. So I’m gonna go ahead and chart a speculative one here for now. There’s always a chance we don’t correct as well and keep...

DrDovetail Updated 

We have just followed up a 1 day chart higher low with a higher high which is also a good recipe for a bullish trend reversal. Need to see a follow up additional higher low from here now to really set it in stone but it’s very possible we go all the way up to test the 1 day 200ma (in blue) before that correction down to the next higher low. The target for finally...

DrDovetail

If we can do measured moves for cup and handles on log charts the same way we do them on linear charts then this cup and handle has a breakout target of $42 which is absolutely massive. I need some confirmation that the moves can be measured the same way before I get too overly excited about this c&h i just found on the log chart. However I did back test the...

DrDovetail Updated 

The triangle btcusd’s priceaction has been in for awhile is now appearing to morph into a falling wedge on the 1 day chart. We are looking at the weekly chart though to show how that falling wedge is also part of a bigger bull pennant. I made the pole of the pennant lavender and the wedge yellow. The red line represents the neckline of a 1 day chart head and...

DrDovetail Updated 

My eyboard got water spilled on it and certain |< eys aren’t wor|<ing. I’ll write more when it’s fixed.

DrDovetail Updated 

Just need the weekly 21 ema to continue to hold support here and we can break bullishly up from this rising bull pennant here..if the weekly 21 ema continues at the current trajectory then the breakout point should be somewhere near where i posted the yellow dotted breakout target line....this should help lift us to 111k. Of course there is a chance that instead...

DrDovetail Updated 

We are one day away from the xrp golden cross, If we break up from this symmetrical triangle we should head to 1.80 like I said we would on our next bullishimpulse in my last xrp idea.

DrDovetail Updated 

Not yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I...

DrDovetail Updated 

I'm not yet fully convinced on the validity of this wedge but it is at least worth paying attention to...if it were a valid wedge then we could see price action potentially bounce back upward to the 48-50k zone. Again I'm not yet convinced how valid this pattern is yet but thought it was worth sharing...it still seems more likely than instead breaking below the...

DrDovetail

Subject says it all in this one. Although now that it is the weekly time frame you cant see the golden cross ont he daily chart you can still get a clearer view of how the two patterns work together as bullish confluence. If the yellow pennant confirms its bullish breakout, odds are good that the larger light blue symmetrical triangle will as well. *not financial advice*

DrDovetail Updated 

My idea earlier today was for a much smaller symmetrical triangle that was doubling as a bullish pennant. To reach the full bullish breakout target of that pattern would take us to around $1.80 If we were to go that high we would likely trigger the breakout of this larger symmetrical triangle as well. The point o where we break out of the triangle is still...

DrDovetail Updated 

We can see Cardano is confidently above the neckline of the triple bottom now, and barring any crazy unforeseen black swans it should continue it’s bullish impulse tot he triple bottom breakout target around $2.79-$2.80. The next bullish impulse should send price action to that zone, although it may attempt some sort of brief cup and handle formation on the way...

DrDovetail Updated 

This will take price to $1.85 but only if price action can solidify the top trendline of this channel as solidified support. As for now I’m not sold on the notion that is support yet. Need to see either a huge volume surge or possibly 1 or 2 weekly candles close above the top trendline to solidify the support first. It looks good but since there’s always a...

DrDovetail Updated 

We may see further retracement to fill the cme gap or maybe low enough to retest the closest purple trendline in the immediate term but in the medium term we are likely continue upward. This buy signal is usually pretty reliable and we still have room to climb to reach the measured move target of the falling wedge we broke out of multiple weeks ago. *not...

DrDovetail Updated 

It appears now that the falling wedge I spoke about a couple ideas back may only just now be having priceaction breaking above it. If this is the case it means that the top trendline of the wedge was actually at a slightly less acute angle. Either way in the long run it wouldn't surprise me if we end up reaching the target of the wedge with the more acute top...

DrDovetail

the green measured move price target is for if we confirm the double bottom breakout...the tan colored breakout is if we confirm the bull flag breakout...odds arew good if we trigger the double bottom breakout we will in turn then trigger the bull flag target as well. Price action is still currently retesting the double bottom neckline as support whioch increases...

DrDovetail

not saying it's definitely going to pan out..but something to keep an eye on all the same. I'll be waiting on a confirmed breakout or fakeout.

DrDovetail Updated 

after a huge 75% correction or so matic has made a v shaped bounce which also simultaneously turned into an inv h&s of which we have already blasted above the neckline of...this should lead to a target of $3.21. Mark Cubans recent support of polygon is likely also playing a role in this bullish surge.