Yearn Finance CRYPTO:YFIUSD may perform similarly to Chainlink CRYPTO:LINKUSD , or vice versa. Their structures are near identical. YFI has persisted longer in its range than LINK and may see a stronger breakout as a result. Conversely, LINK could follow YFI instead and drop back down to its prior range after its breakout held for some weeks, where YFI's...
Very simple - a classic cup and handle formation, already confirmed and re-testing a breakout: - has already broken out of the handle forming a 2nd smaller cup - and since broken above and held above the weekly cup's neckline It has held above for several weeks and is now re-testing that neckline. Targets are TP 1 and 2, measured from the length of the...
Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1:...
A "What If Chart" - what if we are repeating the same pattern that made the two 2021 tops to the 2022-23 Bottom, on a much larger timeframe. The highlighted area is copied and expanded using the bars pattern tool and overlapped with present price action, starting from the last lower high in 2021). This is a bearish scenario where we are presently making the end...
Very simple: Two Adam & Eve double bottoms repeating leading into confirmation of one giant Adam & Eve double-bottom with a price target in the long-predicted 2-5 dollar range, presently measured at 3.78.
Ford has broken out of two falling wedges, targets for both shown on the 2 weekly chart above, and should be headed back towards its January of 2022 highs. The smaller falling wedge and the larger one have measured moves to TP 1s that sit just below ($22.80) and above ($29.20) its January of 2022 highs ($25.87). If it can break and hold above 26, TP 2 for both...
If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...
Was asked to look at this one by request, otherwise not super familiar with this chart but am familiar with the token. A quick and simple take on QNT's weekly chart, showing the daily 50/200 EMAs: Long-term, Quant looks like it exited a triangle with a bullish breakout back in November. It has since re-tested and remained above. Some confluence for this is...
DOGE broke out of a weekly wedge that targets 94 cents. Logarithmically, 94 cents is quite near its previous ATH. This could suggest it's headed towards a double-top with a slightly higher high just under or just above 1 dollar.
Alt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%. See the white drawn pattern and its white dashed neckline on the chart. The same area of breakout and re-test from the smaller white pattern is forming another...
Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35% Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x. If instead it does get above it, it still has to reclaim the...
Here's an idea to support the possibility that BINANCE:HBARBTC may be ready for or have already begun a reversal that is potentially headed towards a new ATH. HBAR ended its second run vs. Bitcoin with a slightly higher new high, giving it a flat top. Since correcting, it has formed what could be a strong reversal at a low that is parallel to its previous...
HBAR recently saw a failed breakdown its 4h falling wedge (dotted) and its daily falling wedge (solid). Since then it has risen back to wedge top, breaking wedge top on the 4h and now attempting to do so on the daily. We also saw the largest daily green volume bar ever printed on Coinbase when it moved back up into the wedge, though that is likely somewhat...
We could still see a monthly wick up to an area between 82.5k and 100k, drawing bulls in, prior to the March candle close, giving confirmation of new ATHs, suggesting a prolonged bull run. The monthly candle for February still closed at the exact same high as the October and November 2021 monthly candle close and open. If the March candle closes below ~61350,...
FARM (Harvest Finance) has been bottoming out for quite some time. If it can move above the upper yellow horizontal, it will get enough momentum to break above the falling wedge on the weekly, and we could finally see a strong move 3-4x or more.
HBAR is breaking out of the daily bar chart's falling wedge after having already broken out of a weekly line chart's falling wedge, both here on the weekly candle chart. Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see...
This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly: one that acts as support another that acts as resistance When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a...
COINBASE:SUKUUSD looking at the possibility of the beginning of a monster move up from a double-bottom within a double-bottom. High risk low cap - initial targets 3-4x if we get it. Potential for the 10x move conditioned upon confirmation of the 3-4x move. Daily double-bottom zoomed in below: