DrDovetail

DrDovetail

It appears that binance's upcoming decentralized exchange will be using binance coin(BNB) as it's base pair an extremely bullish fundamental development for the coin. That coupled with the technical bullishness of the 1 day bnbbtc golden cross and the recent breakout from a 1 day head and shoulders pattern has BNB mooning with ease.

DrDovetail Updated 

The bullish fundamental news of Abra's crypto/stockpairings coupled with the powerful support of the weekly 200ma and the fact that we found support on the bottom trendline of the wedge before that have all factored into todays huge surge and return to the top trendline of the wedge(in green). Had I been paying attention today I would have definitely had a limit...

DrDovetail

Although the falling wedge lost its 4hr chart validity when the red candle closed green giving it only two wick touches on each trendline, the break upward that has occured has conveniently closed its breakout candle at the exact breakout target the wedge would have had. I've yet to see a wedge this long breakout this prematurely so I think it may more likely be...

DrDovetail

As expected, LTCBTC has broken bullishly after its recent golden cross on the 1 day chart. We can see its already wicking down from the Cup and Handle breakout target suggesting the pattern that has been triggered was the cup and handle and not this much larger potential Inverted Head and Shoulders pattern. We could easily also hit the inverted head and shoulders...

DrDovetail Updated 

The current price action is starting to form a potential falling wedge on the 4hr chart...interestingly enough the apex of that potential falling wedge is at the exact same point as the drop target from the 4 hour chart head and shoulders pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this...

DrDovetail

Leaving this idea neutral but leaning more short....the head and shoudler pattern on the 4hour chart appears to be triggering a breakdown. We may need a follow up 4 hour candle to confirm this so a fakeout is still possible...but if confirmed we have a drop target of $3290. Of course there is the massive weekly 200ma support just above it that could rpevent thee...

DrDovetail

What started as a 4hour falling wedge that appeared to breakout but hit nowhere near its projected target is now seeming more and more valid as a considerably longer 1 day falling wedge instead of which we have not broken out of yet. If this is indeed the case then it's possible that we may not see xrp break up from this wedge until we revisit 28 cents r possibly...

DrDovetail

My last idea on augur I posted I said it would continue its bullish climb if it could achieve the 1 day golden cross on the repbtc 1day chart and we are now seeing exactly that in the price action. This will most likely also lead to a golden cross before too long on the repusd chart as well. If we can sustaina golden cross on the USD pairs 1 day chart it's only...

DrDovetail

looking at todays price action it appears the xrp falling wedge is a 1 day pattern with the trendlines adhering to the candle bodies...this lessens the breakout target by 1 cent down to 38 cents. 1 day Stochrsi supports further upside.

DrDovetail

As expected XRP has busted upward form its inverted head and shoulder pattern on the 1 hour chart. The breakout target of that should have been right at the top trendline of the 4hr chart falling wedge but the price action has exploded well above that and seems like it will very likely trigger the falling wedge breakout as well. So now the price target we are...

DrDovetail Updated 

Cheers to XPCollector7 for spotting this smaller time frame ihs on xrp before priceaction had even reached the peak of the head. I just noticed there was also this one as well on BTCUSD. time frame works well on both 3 minute and 1 hour chart on this pattern. The volume profile on this one is as textbook as they get...so it all looks pretty bullish with the...

DrDovetail

Eth still has a lot more room than xrp to fall so its head and shoulders pattern is not as obvious of a fakeout...eth im still up in the air with but here is the target if it were to break up from the falling wedge.

DrDovetail Updated 

H&s that braks down to negative 20 cents or a falling wedge thatha sa breakout that isn't a negative number...I'm siding with the falling wedge on this one.

DrDovetail

Keep in mind the falling wedge is a 4hour/1day chart pattern so its gonna look slightly strange here on the weekly chart but we are on the weekly chart to show just how close we are to making contact with the weekly 200 simple moving average. This MA provided ample bounce when we first hit it around the 3.1k region. I think we are about to slowly grind our way...

DrDovetail

Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a ...

DrDovetail

here is a link to the original falling wedge I initially charted on coinbase: s3.amazonaws.com you can see the bottom trendline when at this trajectory is the exact bounce spot our current price action has found good support at...I anticipate we will move back up to the top trendline of the wedge again before any kind of capitulation. We may test the bottom...

DrDovetail

TA works. Symmetrical bearpennant.

DrDovetail

in the shortterm I expect a break down from the current red symmetrical triangle weve been in on the 4hour chart so this idea will be short for now...however in the medium term I now see a big falling wedge in green on the 1 day chart thats apex stretches to April and believe we will ultimately break upward from this pattern. Interestingly enough the target...