DrDovetail

DrDovetail

The inv h&s we were keeping an eye on a few ideas ago on ethusd has blasted through the neckline with serious bullish authority. The breakout target is $417 and if we can maintain support after reaching that target above $360 then we have the opportunity to trigger an even bigger double bottom pattern on the weekly that could eventually take ethusd's price to over...

DrDovetail Updated 

SSIA

DrDovetail

We can see we have 6 valid touches on the bottom red trendline...hard tot ell whether the yellow trendline or the green trendline is the more valid top trendline of the wedge...but hopefully its the yellow trendline that price action is currently above. If we can maintain steady support above this yellow trendline then that should hopefully lead to a bullish...

DrDovetail Updated 

if it can't overcome the resistance here i will close all longs and wait to reopen them at the .618 golden pocket.

DrDovetail Updated 

still awaiting both a 1 day close above the wedge, a bullish volume surge and a follow up confirmation candle...but were omisego to confirm the breakout here...here are the 3 potential targets...the fact that omgbtc is going absolutely parabolic right now is a great sign of bullish confluence that ups the probability of a breakout on omgusd...as is the listing...

DrDovetail

not financial advice not sure if this will pan out yet or not but I am anticipating the possibility.

DrDovetail

The initial target of 9400 from my last idea has been met...the next target I had in mind was for the bull pennant breakout at 10547. The breakout seems to be confirming here.

DrDovetail Updated 

if it confirms the initial target is 9374...which coudl be enough to trigger a breakout from the entire 1 day chart bull pennant which would then have a breakout target of 10.5k No full confirmation yet but probability is definitely favoring the breakout of at least the 1hr chart pattern

DrDovetail Updated 

ssia

DrDovetail Updated 

We are currently testing the weekly 50ma as resistance here...if we can overcome it the next resistance will be 10k if we see a solid rejection at 10k we will then start forming the right should of an INV H&s shoulder pattern that could have a breakout target of 17k so keep a close eye on this pattern as it develops./..of course these patterns are never guaranteed...

DrDovetail Updated 

if this triggers target is around 3250 sats.

DrDovetail

Have yet to see any legitimate volume surge on the last long red candle we just closed on the 1 day chart which suggests we have not broken out of whatever consolidation pattern we have been in yet...the bounce of the current 1 day candle currently creates the opportunity for this falling wedge shown here in blue...as well as a bullish pennant with the falling...

DrDovetail

Target if breakout is confirmed= $4.36. Currently lacking confirmation volume but it might not need much volume to reach that target...if it does it could very easily establish a new all time high on the current uptrend.

DrDovetail Updated 

if this H&S pattern triggers the breakdown target is 6k. Odds are if this pattern triggers we will also trigger the 1day chart rising wedge pattern that has a breakdown target of 4.3k or so. Hopefully this will only be a fakeout but these asymmetrical patterns love to trigger and catch everyone off guard by surprise so we must play close attention to it here and...

DrDovetail

We have just retested the always important 1 day 50ma and currently are still finding it to maintain resistance. This coupled with the lack of any surge in volume during the break upward from the ascending triangle pattern makes me have to reevaluate what sort of pattern we may still be consolidating inside....so I wanna take a look at a potentially bearish...

DrDovetail

i've recently been focusing more on the 1hr and 3hr chart patterns as we've been going sideways on top of the blue top trendline of this 1day chart ascending triangle pattern but I wanted to strip down the chart to only that pattern again as it finally looks like we may be finally confirming the breakup from this pattern...we need to make sure before we get too...

DrDovetail

must keep an eye on the first smaller breakout target in case this may turn into a double top in that zone...fi it keeps going then the higher breakout target then becomes very probable where at that point the resistance to keep in mind will be the 1 day 50ma(not shown here on the 3hr chart)

DrDovetail

The bullish breakout target of the triangle is 24.5 cents. If it does a full inverse bart pattern of the current bear pennant it could go as high as 30 cents.