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Bullishbreakout

Gold heading to descending channel breakout trgtOn its way to the breakout target from the descending purple channel, Gold has now also formed an inverse head and shoulders which has an even higher breakout target. Price action is currently above the neckline of the inverse head and shoulders (in yellow). It could easily dip back below the neckline momentarily, but can also just as easily trigger the inverse head and shoulders breakout without going back below the neckline first. If it triggers the breakout for the head and shoulders the breakout target for it is notated here with the yellow price tag. I have included a link below to my previous idea on gold where I first spotted the breakout potential for the descending purple channel for posterity. *not financial advice*
OANDA:XAUUSDLong
by DrDovetail
2
LTC inv h&s appears to be validating; golden cross soonUnlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower than the original target because price action dipped back below the neckline. The new target is $91.79. I will put a link to the previous litecoin idea about this inverse head and shoulders pattern below. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
Avax potentially breaking up from a falling wedgeIf price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments. “Looking forward, web3 and blockchain is inevitable,” Howard Wright, VP and global head of startups at AWS, said. “No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.” The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers. AWS will support Avalanche’s infrastructure and decentralized application (dApp) ecosystem, alongside one-click node deployments, through its marketplace. The affiliation will also include Ava Labs joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform. All this should lead to sustaining bullish momentum for avalanche. *not financial advice*
BINANCE:AVAXUSDLong
by DrDovetail
2
Axie infinity heading towards top trendline of bearflagIf it were to break upwards from its bearflag like we have seen other cryptos in a similar pattern do recently such as solana its measured move breakout target is over 6x! No guarantee it will though and often times after several cryptos have already hit their break out targets the alt coins that are lagging behind don’t always hit their full targets. A correction is bound to happen in the near future after such a pump so must tread carefully on this one..I was dollar cost averaging and bought a decent amount the current low so I’m good no matter which way it heads. It is clearly mirroring the bearflag pattern seen on other game based alts like gala, sand, mana, and then also ones found on solana and qnt. *not financial advice*
COINBASE:AXSUSD
by DrDovetail
3
XRP just fractions of a cent away from hitting the dbl bttm trgtthe green horizontal was the double bottom neckline. the dotted green target is the measured move target from the point of breakout above the green neckline to the measured move target….as we can see mere fractions of a cent from reach 100% of the target! Should hit on this follow up candle. I would also not be surprised to see this follow up candle retest this purple line. If we can retest this purple line as solidified support for enough candle closes then we can then look forward to the next higher measured move target that ends at the room at the dotted ascending purple line. Wen price is this close(less than a pip) it’s close enough for me to proclaim target hit! This should help us confirm the break up from the monthly symmetrical triangle pattern before too long *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
Bitcoin heading for the inverse h&s breakout target @ $23174The downward slanted inverse head and shoulder pattern bitcoin broke above back in late November appears to finally be reaching it’s long awaited breakout target. We can see the neckline of the inv head &s pattern indicated here on the 1 day chart with the white descending neckline and the dotted measured move line positioned right where the breakout happened. Been watching this one for multiple months now…even when it did its fakeout breakout back around October. Had to readjust the measured move for the official breakout point slightly lower but it would be amazing if price action reaches the target on the very day the measured move line ends in the price label. Anyone who has followed my charts closely would know that this wouldn’t be the first time price has reached the price target with that kind of exact precision…so it would be awesome if we see it yet again. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
Gold has broken up from the descending channel.Hard to say whether or not it will reach its full target, but seeing as how it is already pretty close to that target, the risk to reward ratio of trying to jump into the trade now in hopes that it will is not worth the risk imo. As a long term hold I still see gold as a wise investment though so it wouldn’t be the worst thing to buy some here and maybe wait for a correction after this breakout move to accumulate more. *not financial advice*
OANDA:XAUUSD
by DrDovetail
Ethereumm just hit the white descending channel target!Target Hit! You can see here the measured move (dotted white line) taken from the point of the breakout from the white descending channel. Been watching it since November, but it finally hit its target with exact precision! Hard to tell if it will cool off much now or continue to climb…the pink rising channel has a measured move slightly higher than this and it looks like it has broken up from the rising channel too which is never a good signal for bears if a bearish pattern breaks upward. *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
ITI - Bullish Swing Reversal with VolumesNSE: ITI is closing with a bullish candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:ITILong
by BrahmaBull31
DXY candle does 180 reversal after hitting exact breakout targetThe breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it reached the falling wedge target inspired me to post a chart just to reaffirm that once again, TA Works! Target Hit! *not financial advice*
TVC:DXY
by DrDovetail
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
CRYPTO:XRPUSDLong
by DrDovetail
2
LICHSGFIN - Bullish Breakout with Strong VolumesNSE: LICHSGFIN is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:LICHSGFINLong
by BrahmaBull31
NAUKRI - Bullish Consolidation BreakoutNSE: NAUKRI is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:NAUKRILong
by BrahmaBull31
1
HEROMOTOCO - Bullish Consolidation BreakoutNSE: HEROMOTOCO is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:HEROMOTOCOLong
by BrahmaBull31