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Plenty of upside left in HBARUSD even after massive 55% pump HBAR had a huge breakout today and shot way past the breakout target of the previous patter it had ust broken upward from. In doing so Price action is getting very close to completing the right shoulder of a much bigger inverse head and shoulders patter here. Should it trigger the breakout of this attern we ca see that the measured move target for it would be over 120% gains from where price currently is if it were to reach the full target. It may take it a second consolidating just below , or back &forth a little above and below the neckline of this pattern before it triggers the breakout since it just had such a massive pump, however it could just maintain the current momentum and plow right through that neckline without stopping for much of a rest. The most import support to watch for at the moment is the weekly 200ma(in blue) as long as it can flip that 200ma to solidified support then odds are good it will confirm the breakout from this invh&s pattern to too many candles after that. Also considering the total2 chart looks like it will confirm the long awaited breakout from its cup and handle patter soon, that increases the probability that this new bigger invh&s on HBAR wll be confirming its breakout too sooner rather than later. *not financial advice*
BINANCE:HBARUSD
by DrDovetail
1
Legendary Golden Cross on XRP happening right at triangle apexThis chart screams bullishness. We are just a few weeks max from the apex of this symmetrical triangle on the xrpusd weekly chart and we are also about to have a weekly golden cross(where the orange line goes above the blue line) Doesn’t take a TA expert to see on this chart what tends to happen when this weekly Goldencross occurs on xrp. Obviously this isn’t financial advice but if I had to take a mildly educated guess of what the outcome with the highest probability of happening here is I’d simply say:UP!!!
CRYPTO:XRPUSD
by DrDovetail
1
2 overlapping invh&s patterns on the weekly logchart for XLMThe inverse head and shoulders with the yellow neckline is the same one that is on the linear chart, however on the log chart you get a much higher target of around 44 cents. Reaching that target will also push price above a second bigger inverse head & shoulder neckline (in green) which once that one validates its breakout, it’ll have a full target of around 81 cents. Watch for the weekly 200ma(in blue) to hold support here if so not a bad place for an entry, if not retesting the yellow neckline or even throwin a wick or few back below it is not impossible and would create other good small entry opportunities as well. *not financial advice*
COINBASE:XLMUSD
by DrDovetail
2
Litecoin poking its head above the inverse h&s necklineAs I always reiterate, priceaction will often dip back down blow the neckline of an inverse head and shoulders pattern after the first time it breaks above that nckline, so you never want to get too overzealous about the initial neckline breach like we can see litecoin has jsut made on its inverse head and shoulder pattern. Probability is fairly good that I will have to readjust my measured move line slightly lower to wherever the real validation break of the invh&s neckline occurs, however there’s also plenty of examples where an asset has validated the invh&s breakout on the very first breach of the neckline so one must always take into consideration that that outcome is also quite possible. Either way, being deep into the midst of our current bull market,I am confident this invh&s attern will have its breakout inevitably validated at some point in the near future. We’re we to see a pattern like this in the middle of a bear market then probability would be much higher for the chance of it being a complete fakeout bull trap, but since the market cycle and overall macro sentiment of the market at the moment is bullish probability of this pattern being a fakeout/bull trap that ends up getting nullified is almost non existent. In my opinion Litecoin will need to flip the weekly 200ma(in blue) to solidified support before it can validate the breakout of this pattern so that will be something to watch for. *not financial advice*
BINANCE:LTCUSD
by DrDovetail
1
Dow Jones getting closer to hitting first inv h&s targetAn update from a previous Dow Jones chart. I will post a link to the previous as well. We are getting very close to the smaller inverse head and shoulders breakout target here. Always a chance it corrects before continuing up to the second larger inv h&s target but then again always a chance it just keeps going to reach the 2nd target without a correction first(less probable) Best to consider both outcomes. *not financial advice*
TVC:DJI
by DrDovetail
Speculative C&H Pattern on the weekly NEAR chart. Too early to confirm this but thought it would be fun to post a speculative pattern on NEAR Protocol here. The bottom of this cup is not quite as rounded as I normally like them to be which is one more reason that this chart is mroe speculative as of now, but still I have seen cups with uglier bottoms play out so this one is definitely still feasible. Posting this now so I can watch the fun weeks-months from now by clicking play and see how well it plays out *not financial advice*
COINBASE:NEARUSD
by DrDovetail
2
Nasdaq weekly chartred horizontal represents a head and shoulder neckline and the descending dotted red trendline leads to the breakdown target should that pattern be validated. The ascending dotted green trendline is a line that leads to the measured move breakout target if we validated the wedge pattern. The dotted tan trendline is the breakout target if that wedge is more valid as a bull pennant than just a wedge alone. The smaller horizontal yellow line represents the neckline of a smaller inverse h&s pattern and the smaller horizontal green lines are both a channel and a double bottom pattern. *not financial advice*
SKILLING:US100
by DrDovetail
High vs Low in Time-frame Decisions🕒🚀🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements. 📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes. Hourly and minute charts provide granular details of short-term price action. They're useful for spotting quick trading opportunities and assessing market sentiment in the moment. 💡 Investment Approach: When it comes to investing, consider your goals and risk tolerance. Big timeframes are great for long-term investors who prioritize stability and are willing to ride out market fluctuations. Small timeframes suit traders looking to capitalize on short-term price movements. 🚀 Finding Balance: There's no one-size-fits-all answer. Many investors use a combination of both big and small timeframes. Large timeframes provide context, while small timeframes offer insights into entry and exit points. So, what's the takeaway from this timeframe comparison? 📈 It's about understanding that different timeframes offer unique insights. Whether you're a patient investor or an active trader, the key is to align your timeframe with your investment strategy. Stay curious, stay adaptable, and remember – the art of investing involves choosing the canvas that best suits your artistic vision! 🎨🚀
Education
by AlexWhale
USDJPY!!!! It's Time to Short!!!!USDJPY is currently in a longer uptrend on weekly and monthly timeframes. I only believe in multiple timeframe analysis because trends are more obvious on bigger timeframes and we can anticipate the market conditions on 4 to 6-factor lower timeframes than what will be the next move of the market in the next one or two weeks probably. On weekly timeframe there is a bearish candle and 20 period moving average has touched the big red candle. History says when this happens the next candle moves downward. If I see the situation on daily timeframe the market has touched the resistance 137.077 and currently last candle is bearish engulfing pattern candle that adds more fuel to the cause. Second thing on daily timeframe confluence is that market is far away from 20 period moving average that shows market will retrace or breath before going higher. On my entry 4H timeframe, I am anticipating that market will move a little higher or breath a little before continuing the ride downwards. A little upward movement and I will go short for possibly 1:2 Risk to reward in next one to two weeks.
Short
by mahmad01
2
20/02/23 Weekly outlookLast weeks high: $25301.6 Last weeks low: $23314.8 Midpoint: $21328 BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower? As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the 25-25.5k as that has not happened yet just to take liquidity before breaking back below. However, if price is accepted above that zone 28k is the next stop.
by ProR35
Will gala break up from its current bear flag?We can see here on the weekly char that Gala is in a bear flag with a very long pole. We can also see that the flag is the shape of a descending channel, a pattern that tends to break upward. When we see a descending channel as a bearish flag it is usually an indication that bears are starting to lose steam.,,,how much steam they are losing will determine whether or not the descending channel wins the dominance battle and it breaks upward or the bearish flag maintains dominance and the pattern breaks downward. If this flag were to break upward instead of downward, the question then becomes will it break upward and then head the entire measured move of the flag but in the bullish direction? Or will it simply just head to the smaller target of the descending channel itself. It’s hard to say but just in case I have put both potential bullish targets on the chart. One other thing it could do is reach the bullish breakout target of the channel and then pull a 180 and still break down below the flag and head to the bearish breakdown measured move target of the flag even after reaching the channels bullish breakout target. Seeing as how the rest of the crypto market recently has begun to see bearish momentum dwindling, I think the bullish outcome has slightly more probability at the moment. Also the measured move for the bear flag breakdown would be negative 20 cents….typical negative targets are a clue that the bullish direction is more likely….always possible for a breakdown to happen at the end of bearish momentum that doesnt hit 100% of its target though. If we take a look at the current volume candle, it is the highest weekly volume candle on this charts history and it happened during a bullish impulse…which is yet more bullish confluence here to suggest a break up from this bear flag is very feasible. *not financial advice*
G
by DrDovetail
4
QNTUSDT 1W Interval Targets and StoplossHello everyone, let's take a look at the 1W QNT to USDT chart as you can see that the price is moving below the downtrend line and is close to exiting the current triangle. Let's start by setting goals for the near future that we can take into account: T1 = $127.6 T2 = $148.7 T3 = $165.8 and T4 = $182.5 Now let's move on to the stop loss in case the market goes down further: SL1 = $102.6 SL2 = $82.6 SL3 = $66.4 and SL4 = $50.8 Looking at the CHOP indicator, we see that the energy is gaining strength on the 1W interval, while the MACD indicator confirms the downward trend, but with a decreasing advantage of sellers.
by cryptodailyuk
Here is the falling wedge we currently have 1 daily candle aboveThis is the larger falling wedge that current price action is above on the 1 day chart. We haven’t confirmed a breakout of it yet but with the smaller bullflag and double bottom patterns looking like they will validate and take price to 26.3k, there is a good chance that after we correct from that zone that when price action comes back down to retest the top white trendline of the wedge it will be flipped to solidified support, at which time we have a real chance of validating the breakout from the falling wedge. Should the falling wedge confirm a breakout then the target is above 60k! Not confirmed yet but starting to increase in probability as each day passes. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
1
DOGE COIN IS GOING TO $1I have never been a big fan of BINGX:DOGEUSDT but you cannot deny this clear as day pattern. Too many signs are there to try and profit from this massive bull flag. I will list some of the signs below. 1. We have a massive descending wedge and due to the previous massive push to the upside before this consolidation we can see this as a bull flag continuation pattern 2. the measured move if this pattern plays puts dogecoin at just below $1 which is a massive psychological level and will most properly experience some sell-off pushing the price down. This checks out as well. 3. Dogecoin has support but yet it has been consolidating for so long it has to make a decision soon all in all, as much as I don't like dogecoin I cannot ignore the fact that this could potentially be a massive trade with 90 to 100 per cent potential profits if played correctly with the proper risk management techniques in place. I will provide updates as dogecoin moves kind regards, LarryTheKinggggg
Long
by LarryTheKing
6