DrDovetail

DrDovetail

TA amazes me sometimes by how exact it can be and this time is no exception. we can see price action has found resistance exactly at the breakout target of the tan symmetrical triangle I charted several weeks back. The fact that it first found resistance just a few dollars below the target, crashed back down to around 4.6k, then today rose all the way back up and...

DrDovetail

XRP has officially closed 2 weekly candles above the top trendline of the weekly green descending triangle pattern that it has been inside for most of the bear market. the projected breakout target for this triangle if triggered could take us as high as $1.53! Considering the falling wedge breakout target on the Total market cap of crypto's weekly chart is showing...

DrDovetail Updated 

This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully...

DrDovetail

We can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by...

DrDovetail

I had anticipated the breakout point being right where this dotted green trendline converges with the neckline of the inverted head and shoulders pattern over a week ago so it's cool to see it finally playing out exactly how I anticipated....of course this could be yet another fakeout...we need to see the price reach at least 34 cents first to be comfortable that...

DrDovetail

On the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their...

DrDovetail

We can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a...

DrDovetail

SSIA

DrDovetail

On the weekly chart we can see the weekly 200 simple moving average(in blue) has provided amazingly strong and as of now unbroken support. On the flip side of the spectrum, we can also see extremely strong resistance from the 20 week simple moving average(in orange) we have had 2-3 months here of very little volatility but we can see that both of those strong...

DrDovetail

The cup and handle pattern we have been watching unfold on LTCBTCs chart may finally be triggering here as ltc seems to be legitimately breaking up from its current bull flag which ahs a target that should once hit make triggering the cup and handle pattern a sure thing and continuing its bullish momentum...however there have been a lot of fake bait pumps and bait...

DrDovetail

we can see here how we have almost reach the first bullish breakout target on the total crypto market cap chart of the yellow 1 day falling wedge. we are now finding resistance right at the neckline of a potential adam and eve double bottom which is either a 1 day, 3 day, or weekly pattern. Considering we haven't yet hit the yellow falling wedge target and we...

DrDovetail

We wanted to see the price action rise above this horizontal purple line to achieve a higher high on the 4hr chart and with the current 4hr breakout candle we have seen just that. A great sign for the bulls. However to securely reach a higher high on the chart that really matters(the 1 day chart). We're gonna need to get price action above this pink horizontal...

DrDovetail Updated 

If we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price...

DrDovetail

I'm leaning bullish here even though the 1 day candle closed just under the inverted head and shoulder patterns neckline we are now seeing a decent rebound back above the neckline on the current 4hr chart candle with 20 minutes left to go before the next 4hour candle and we can also see the 4hr golden cross is just now starting to set in. Boh bullish...

DrDovetail

While I am seeing plenty of bullish signals here overall, the fact remains that on the 1 day chart the bulls have not yet achieved a higher high which is needed in order to fully take control away from the bears and put the reigns in the bulls hands. To put it in perspective, The las time we saw a higher high on the one day chart was early January of last year...

DrDovetail

We can see the former inverted head and shoulder breakout target I had charted on bnb awhile back is getting closer and closer to its breakout target...it had a retracement before reaching that target however which just so happened to retrace at just the right time to create a perfect cup and has now broken up from a small handle retrace at just the right...

DrDovetail

The small siamese double falling wedges from our previous ideas that were also acting as a bull pennant recently triggered taking us far enough above the bigger green falling wedge shown here to ensure we will likely be triggering the green falling wedge breakout as well which should take us to a target around 4726 if it triggers which is comfortably enpugh above...

DrDovetail

All Ada has to do now is overcome the 1 day 200mas resistance(dotted blue line) if it can and flip it to support it will likely then trigger it's inverted head and shoudler breakout as well as both the 4hr golden cross and the 1 day golden cross which will extend it bullishly for quite sometime. Bst to stay reserved on ADA until we see it flip the 1 day 200ma to...