3 consecutive 1day candle closes abve key triangle top trendlineI wanted to post a daily timeframe close up of the top trendline of the macro time frame green triangle that xrp has been consolidating inside since 2018. We now have 3 consecutive daily candle closes above its top trendline and are working on what looks to be the fourth here. You can tell that it appears to be forming another little smaller time frame bullflag here with the last 5-6 candles which it has already done a couple times as well on the 20 or so candles just prior to those. The triangle pattern is most valid on a monthly chart so we should definitely not get too presumptuous that we have flipped this trendline to permasupport until we have closed 1 monthly candle above it and retested it as confirmed support with the follow up monthly candle. However we are making good progress now as we now officially have 1 weekly candle close above this green top trendline as well —>
I will link the monthly version of this chart below so you can click on that idea as well to get the full perspective of this triangle instead of just a zoomed in look at the daily. Target if breakout confirms in this zone is $3.75. *not financial advice*
1daychart
Goldencross Once Again Having Immediate Impact;On Algo This TimeSo far my hypothesis that the golden cross responds immediately in the parabolic phase of the bull run is continuing to be proven correct as we see it happening again here now with algorand. Sending price already skyrocketing almost to the full inverse head and shoulders breakout target at .5050 *not financial advice*
ABT working on an inverse head and shoulders breakout Arcblock seems to have broken firmly above the inverse head and shoulder pattern on the daily chart. In order to keep heading to the target it will need to overcome the current resistance of the 200 MA (in blue). Once it is able to do that and flip that resistance into solid support, it should reach the full target of $2.57 with relative ease. *not financial advice*
Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD
Daily Chart
Current Price: 5,812.8
Analysis: Falling Broadening Wedge:
Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels.
Support Levels:
• 5,703.1
• 5,625.0
Resistance Levels:
• 5,937.5
• 6,015.6
• 6,097.0
Happy Trading!
Stay tuned for further updates and insights.
2 bullish patterns breaking upward on IOTAA double bottom pattern and a descending triangle that are overlapping eachother on the 1day IOTAUSD chart have begun to breakout and climb towards their targets. Perhaps in part that is one of a select few of current iso20022 compliant cryptos *not financial advice*
SANDUSD heading towards the double bottom neckline/channel toptl It appears the gaming/metaverse cryptos have been awakened as they all appear to be getting a nice pump today while the rest of the market appears to be consolidating. Sand has a channel (in dark bluish purple) and a double bottom currently in play. The breakout targets for both are roughly in the same price zone. *not financial advice*
Polkadot working on an invh&s and a double bottomThis inverse head and shoulders pattern almost got nullified when price starting heading back towards the head but since price never went below the head it’s surprisingly still in play. It also got low enough to the head to create a double bottom pattern n the process. The double botto pattern has an even higher neckline than the inverse head and shoulders and thus a higher breakout target. *not financial advice*
Yet another golden cross spring board in the alt marketThis tie it was litecoin who’s price took off and broke above it’s chart pattern right when the golden cross occurred. Further adding probability to my hypothesis that golden crosses during the second parabolic cycle of a bull run tend to have their intended impact immediately rather than taking a few days-weeks to confirm like they do during the other market phases. *not financial advice*
Golden Cross kickstarts Altcoin SeasonExactly as I was predicting it would just as it did for total2, xlm, and quite a few other crypto charts recently. I expect the trend will continue. I will link the hart to the total2 cup and handle we seem to have confirmed the breakout from below. *not financial advice*
Arbitrum hits full inverse H&S breakout targetWouldn’t surprise me if it started forming a right shoulder for another inverse head and shoulders patter at this range. It s essentially dong the same thing Optimism is doing today, which makes sense they’d have similar price action/patterns because both have been selected for Blackrock’s BUIDL. *not financial advice*
Optimism attempting an invh&s breakoutOptimism leading the pack today, no guarantee it will maintain the neckline as support just yet though. I believe the fundamental news about it being one of the new 5 chains BUIDL will be on is contributing to the bullish momentum. This would make since because arbitrum is doing equally well right now also. *not financial advice*
A close up of the solusd chartThe other version of this chart I posted was on the 1 month time frame so kinda zoomed out so I thought it would be fun to keep track of sol’s price action on the 1 day chart timeframe as well. I will link the 1 month version of the chart below. It’s currently steadily climbing its way to the first target. *not financial advice*
DGB blasts above double bottom target; invh&s now in play.Digibyte reached the double bottom breakout target and then some with yesterday’s big green candle. Now that it has spent the current daily candle consolidating, it has already consolidated long enough to make it so there is currently a valid inverse head and shoulders pattern in play on the 4 hour chart. If it takes a few more daily candles of consolidation before the next leg up then that inverse head and shoulders pattern will probably also qualify as a daily chart pattern as well. Digibyte has room for lots of upside, and now that I’m realizing it is a US based cryptocurrency, if Trump truly were to exempt US cryptos from capital gains tax, then I think it is a high probability digibyte could see new all time highs this bull run, which would mean tremendous upside from here. Even if digiibyte were simply to just trigger the breakout of this currently developing inverse head and shoulders pattern though, the target for that would almost double digibyte’s current value. So yes tremendous upside potential here. *not financial advice*
Inverse head and shoulders and golden cross on algorandMuch like litecoin’s current setup, algorand is also in the midst of completing the right shoulder of its inverse head and shoulders pattern as a golden cross is set to occur in the next 2 -4 daily candles. Hopefully the golden cross on both algorand and litecoin provide the same bullish momentum we’ve seen it already provide xlm, solana, and the total chart, if so we should see the price action break above the enckline of this inverse head ad shoulders pattern not long after. I’ll link the litecoin chart down below for easy access to compare the similarities between these two charts. *not financial advice*
BAKKT gets the Trump PumpCrypto custody, trading, and on ramp solutions provider BAKKT just got a pump i price that sent it above the double bottom enckline thanks to Donald trump’s media company suggesting they want to acquire the platform. Bodes well for price flipping this neckline to support and valdating the double bottom breakout in the near future. *not financial advice*
Golden Cross having immediate bullish impact in parabolic cycle The next couple charts I post will simply be to lllustrate how the golden cross (orange line crossing above the blue line) immediately resulted in a very pivotal bullish pump that coincided with a major fulcrum point on the chart recently on multiple different charts. More times than not in the other market cycles, when a golden cross occurs it usually takes a few weeks afterwards to know whether that cross will have its desired outcome or instead end up being a fakeout but lately I’ve noticed multiple charts have seen an instantaneous pump on the exact day of the golden cross, which is making me think that once we enter the 2nd parabolic phase of a bull market that that is when you can anticipate a golden cross to have its immediate intended effect its suppose to have with much much higher probability than all the other market phases including even the 1st half of the bull market. Anyways I wanted to illustrate that hypothesis here with the Total chart as you can clearly see it’s a text book example, and I will try to also include another example where this occurred either in a follow up chart post or below if I can figure out how to get tradingview to let me post images of other charts below without making an entire new post for it. One major reason I want to illustrate this is because within the next 1-2 daily candle closes the Total2 (aka altcoin market) chart is going to have its golden cross and it is currently trying to confirm the breakout upward from a cp and handle pattern which is a huge fulcrum point for it. SO should the trend of instantaneous golden cross pump effects occurring the same daily candle as the cross itself, this could clue us into exactly when the real full on alt season will be about to kick off (which if correct, wll ignited by a BG pump within the next 1-3 daily candles). I will link the impending total2 golden cross chart below for you to reference and keep a eye on. *not financial advice*
Quant finally waking up and joining the rest of the alt pumpLooks like Quant has broken above an inverse head & shoulders pattern with two valid necklines. The higher longer one having a higher breakout target of course. Based on the pattern unfolding on total2 chart right now as well as it’s impending golden cross, I’d say QUant reaching both inverse head & shoulders targets is highly probable *not financial advice*
A close up of the bullflag forming above c&h rimline on total2The red line is the rimline of the Total2 chart’s cup and handle pattern that I made a post about a few days ago and will link at the bottom of this post. I thought it would be a good idea to include a close up of this bull flag that is forming with that redline mostly serving as support here so it would be easier for people to see when the breakout from the cup and handle will be validated. Once we have solidified the red line as support long enough we will validate the breakout from the cup and handle. One thing that will greatly increase the probability that w will validate that breakout is by first valdating the breakout up from this smaller bullflag pattern that has been forming here, you’ll notice that we are also about to have a golden cross (when the orange line crosses above the blue line ). We are now just one to two days away max from that cross happening and I would not be surprised if the pump up from the bullflag that validates it’s breakout occurs the same day the golden cross occurs, as I have already seen that happen immediately on the golden cross in two other chart recently, and it usually tends to do so once we have entered the parabolic phase of the bull market. If we do we will simultaneously validated both the breakout from this bull flag and mostly likely validate the breakout from the more macro timeframe Cup and handle pattern as well. I will link the chart I posted a few days ago showing the full cup and handle pattern down below. We’ve already seen a slight bit of a precursor already in the market but once the cup and handle validates its breakout, it is officially alt season. *not financial advice*