Previous post: After we have had more time to develop structure the market is leaning towards this being a rising wedge pattern. We are also seeing the daily RSI get rejected at the 70 which is exactly what we were watching for in the last post. If price comes down from here we will see if buyers can hold our lower green line again. If we lose that level, price...
SEI also has broken down from the pattern we have been monitoring. Will update buying opportunities once the breakdown is complete.
Just wanted to provide a quick update. With todays daily close we did see a bearish signal. Not only did we see a railroad track, but also the daily RSI get rejected twice off overbought conditions (70). Therefore do not be surprised if we do see a pullback from these levels. To negate these bearish signals we need to see two things happen. The first would be...
Previous post: I still believe DOGE is in a bullflag and is preparing for an explosive breakout as stated in my previous posts. Even today's daily close was the first daily candle that closed above our bullflag pattern. Most likely this plays out and price breaks much higher. I just want to make this post in case we see continued stalling around these highs. If...
BTC might be gearing up for another attempted breakout of a smaller triangle pattern. This is indicated by a series of lower highs (red arrows) from our high of $104k. If we can push above this lower resistance line we could price push up to attempt a new ATH. This is only a 1 hour pattern so not as valid as some of the higher timeframe ones, but just something...
Previous post: Doge is also in the process of a massive breakout. We have seen this consolidation for about a month now which means the big move should be coming soon. This is a 4H chart, but we need to see at least 8H candles close above our upperline of resistance for the breakout to be confirmed.
This is an update to our previous post: After confirming our previous ATH as a new bottom PEPE has move up nicely. We have formed two patterns that could signal a massive breakout is coming. The first pattern is the dotted purple line. This was a downwards sloping parallel channel that has already played out. We had the breakout followed by a perfect retest....
BTC has just seen a massive breakout of its bullflag that has been forming since mid-November! It is always possible to see a retest as old resistance becomes new support, but this should give BTC the fuel to break the psychological $100,000 level.
Our last post for reference: One of the thing we were watching for was if we would get a retest of the triangle. This would flip old resistance into new support. Today we get that retest and have so far closed 2 8H candles directly above the trendline showing buying strength in this range. As long as we do not see an 8H candle close back within the triangle,...
Here is an update to our previous post: What we can see is price was able to break above our orange trendline and breakout of the bullflag. We have also confirmed this with our purple line. This was a line of previous selling pressure around $3.33 that was also closed above showing strong amounts of buying. Most likely WIF will continue to the upside from...
An update to our previous idea. On the lowertimeframe (4H) Doge is trying to show signs of a breakout above our important resistance level. This top white line is important as it has acted as significant sell pressure many times (red arrows). If DOGE can continue to close candle bodies above this level the higher price targets outlined in our last post can be achieved.
Doge has also started to create a bullflag as price has squeezed in between our pattern for the last couple weeks. Viaquant did correctly predict the previous breakout from $0.36-$0.48. That post can be found here: Now that we have had more time to mature in this pattern, a much larger breakout should be expected if price breaks to the upside. Our bullflag...
POPCAT could be another meme that has been lagging. Looking at the lower timeframe (1H) we have broken out of our green symmetrical triangle. If we get a breakout pump from this we could see POPCAT return to the $2 valuation. Again, this is a lowertimeframe play so not as valid as a highetimeframe breakout might look, but memes could be primed here for a run in...
People is also forming a bull flag on the weekly. Has shown lots of buying pressure around the $0.06 level as well as has held the median (50 RSI) on the weekly for many weeks now.
Wormhole is about to see a weekly breakout that could send price to the first target a little over $1. Watch for a 3D break of this pattern. Also weekly RSI is showing lots of upwards momentum. If the breakout fails here, we will have one more drop to retest either the $0.25-$0.28 zone or bottom of the triangle before the successful breakout occurs.
We do see a sharp bullflag forming for WIF after our breakout of the white triangle. Now there are two scenarios. Either we break the upper orange trendline ("watch for breakout") or price will fall once more to the bottom orange trendline ("watch for retest"). If this fall in price did occur it would be completely healthy and would also be a retest of that white...
On the weekly timeframe it is very clear to see the best buying zone. If we break the 0.5 fib level we will fall to the 0.618-0.65 fib level. This would put price between $2.40-$2.50. It would also be a perfect retest of our white symmetrical triangle that was previously old resistance that should now act as new support. If this scenario plays out and we find...
Here is an update to our previous post: BTC did get the rebound to our key level exactly as predicted. After finding sell pressure at the key level of $98.4k we are starting to see some initial warning signs form in the short term. Btc is starting to show additional slow down on our strength index's which could lead to another drop. Also looking at our daily...