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Bullishbreakout

XRPETH just hit the target of a micro inv h&s breakoutWe can see it has wicked slightly higher than the measured move breakout target. More importantly, in reaching the target of the mini inverse head and shoulders, it has taken price back above the neckline of a larger inverse head and shoulders pattern as well. I anticipate a retracement candle or few to retest the neckline of the larger inverse head and shoulders neckline as support if it can solidify that larger neckline as support we should see XRP continue to make considerable gains against ethereum in the coming weeks and possibly even months. Once we have confirmation that we are likely to validate the breakout of the larger inv h&s pattern I will post another chart that focuses on its measured move. *not financial advice*
by DrDovetail
Could ICP actually break to the upside for once?If we have indeed already found are market bottom, then we may actually see ICP break upward for once in its existence. If it does the target is all the way up at $11. It’s hard to trust this asset considering how far it has fallen, but at the same time, if there’s ever a chance this one can find a way to ever set a new all time high and I bought in at this level, I would stand to make a crazy profit if I could HODL it for that long (if it ever even comes close to its ath). Most people that would take this current trade would likely probably take profits once it hit the target which is always wise, however I may buy such a small portion here that letting it sits until a possible new ath wouldn’t phase me at all…grabbing a small amount here with money I can afford to lose is worth it I won’t have to stress about when to get rid of it and if I get lucky enough to see ICP hit another ath I can take it out at that point. If it continues to dip no big loss for me as I have nothing major invested in it anywyas *not financial advice*
COINBASE:ICPUSD
by DrDovetail
ETHBTC also breaking above large symmetrical triangle on monthlyThis triangle is found on the 1month log chart. This pattern is more speculative than the smaller inv h&s and bullflag patterns I posted in the previous idea to this that I will also link to this idea. If the ethbtc pair were to hit this symmetrical triangles breakout target ethereum would gain insane dominance against btc. Again this pattern validating is much more speculative than the bullflag and inv h&s patterns I posted in the previous idea…but as of now this pattern is still a valid one….even if not quite to be seen on the linear chart. *not financial advice*
by DrDovetail
3
Is Solana ready to confirm its inv h&s breakout?We can see Solana has successfully retested the bottom green neckline as support and is seeing a nice green cancel bouncing up after the retest greatly increasing the probability that it will confirm it’s inv h&s breakout and head to the mid $50s for it’s breakout target. On the way to that price target, we will clear the neckline of a slightly bigger inv h&s pattern and if we can maintain that neckline as solidified support as well then we should continue to head to its even higher breakout target not long after reaching the first one…we could see a correction after going above the higher neckline that takes us back to retest that neckline as support just as we have the lower neckline. *not financial advice*
KRAKEN:SOLUSD
by DrDovetail
Double bottom & bullflag both share the same breakout targetWe can see the double bottom pattern here in blue and the bullflag in lime neon green. Both breakout targets take us to the 26.3k range. This is great bullish confluence also great to see how when inside the flag the price action held perfect support when retesting the teal horizontal neckline of the double bottom. This all appears to be leading to something potentially much much bigger though as we can see on the coinbase chart price action is now above this descending white trendline. If we can flip this trendline to solidified support we might see a much bigger macro chart pattern breakout of a monthly chart falling wedge that has a much bigger target. I will post a separate Idea about that pattern and link both of these ideas together. Looking quite bullish overall I think the uptrend is going to be officially confirmed here. *not financial advice*
COINBASE:BTCUSDLong
by DrDovetail
3
IMBBY Ready For A Bullish PopLooking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside. IMBBY needs to cross above the 200-day SMA (depicted in neon green), in recent trading the 200-day has acted as a very reliable trend resistance line and it must be surpassed before a major move to the upside is possible for IMBBY. Stop loss is firmly set at 20.00, right around the bottoms of the support trend areas. IMBBY should work. Even in this volatile market. IMBBY's winning characteristics: Cheap valuation, Solid balance sheet, high dividend payer, an international scope of business, and a line of products that have highly insensitive demand. As always this is not financial advice. Good luck!
OTC:IMBBYLong
by Gooby_Trades
1
About to break above a weekly btc falling wedge soon?We can see price action is now currently back above the weekly 200ma (in blue). This key moving average has held solid support for most of bitcoins existence and if it can flip back to solidified support here as well then it should allow price to break up out of this falling wedge right around where I have placed the dotted line that charts the measured move of the wedge’s bullish breakout. If we see this occur odds are very likely the bull market will be back on….of course ideally we will still want to see price action eventually create a new higher high which would require a new ath. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
GMT - Run, BullRun :)Reasons to take long: ⭐️ BTC is bullish ⭐️ Made false breakdown ⭐️ There a lot of trapped bears ⭐️ Slowly squeezing to the trendline ⭐️ 3rd approach ⭐️ Over VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
4
#IOTEX $IOTX testing resistance, more upside coming?iotx has been testing the 4h resistance level around $ 0.0255 if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.029 as the target (following 4h resistance) and something around $ 0.023 as the stop loss, which is just below the swing low, which could act as new support and bring the price back up on a retest let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
Long
by opop777
2
ZILUSDT | Wave Projection|Downtrend Breakout Entry@Retest SMA50?Price action and chart pattern trading > Elliott Wave downtrend channel breakout testing SMA50 key resistance > High possibility breakout key resistance and retest SMA50 > Entry @ SMA50 retest - Target SMA200 + 30-35% > Stoploss @ SMA20 -10 - 15% downside RRR: 2:1 Indicator: > BBD continued uptrend positive banker fundflow above baseline > KDJ stochastic strong uptrend ribbon > Banker smart money volume support Always trade with affordable risk and respect your stoploss
Long
by dukeposh