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Dailychart

XRP’s 1day 50ma about to push XRP price out of the nestWe can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not financial advice obviously but that’s how confident I am in the current market conditions I’m seeing. Let’s see if my guesstimate comes true.
BITSTAMP:XRPUSDLong
by DrDovetail
6
HBAR likely to break outta flag as it breaks stochrsi resistanceNotice the yellow descending trendline on the stoch rsi indicator, we can see this line held resistance fr quite some time but stochrsi is now finally braking above t while price action has simultaneously closed the previous candle with the body poking above the top trendline and now the current daily candle looks like it will hold that trendline as solid support and potential even act as the breakout confirmation candle. Probability is high the breakout will be confirmed in the next few days *not financial advice*
COINBASE:HBARUSD
by DrDovetail
3
SPY Hourly Insight 01/08Today SPY did manage to fall below that 586 level that I mentioned yesterday, and filled that gap below. Buyers quickly stepped in and defended that level again. I'm bullish only if we continue to defend that range. Today was definitely a scalpers paradise, on the hour we ranged and chopped all day. Tomorrow markets are closed in remembrance of President Jimmy Carter. We are double inside on the hour for all my straters out there, which could give us a push to those higher levels if we break out of that consolidation. These are the levels for Friday that I will be watching.
AMEX:SPYLong
by IgniteWealthBuilders
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe. While Friday's high could be taken as part of a retracement, the overall trend remains bearish. There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure. Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes. Trade Safe ;)
Short
by jp7fx
1
Bitcoin currently in an ascending bull flagI made a rough estimate of where the flag make breakout for where I placed the dotted measured move breakout target line. There’s a chance it could not hit the entire flag tRGET and instead only reach the breakout target of just the channel portion of the flag itself which would be a much lower target. Also always a possibility arising channel breaks to the downside though at the beginning of a parabolic phase during a bull market they usually break upwards. We will see what happens soon enough *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Propy resetting stochrsi just in time for golden crossYou can see here on the daily chart how propy hit the exact target of this 4hr chart inverse head and shoulders pattern of $1.93 and then instantly corrected and has now corrected enough to reset the daily stochrsi indicator just in time for its golden cross. Having price action be this close to the 50 and 200mas at the time of the cross is almost always a good sign that the cross will be sustained and validated as well. If so once price action climbs above the horizontal brown line and flips it to solidified support then the next target should be 2.76. That target then places us above the green trendline which will lead eventually to another breakout validation with an even bigger breakout target but we will focus more on that one once we get there. For now the focus is on breaking above the brown trendline and sustaining the golden cross. *not financial advice*
COINBASE:PROUSD
by DrDovetail
Doge can reach $.75 if it breaks upwards from ascending bullflagUsually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
COINBASE:DOGEUSD
by DrDovetail
Aerousd breaking upwards from ascending inverse head & shouldersStill has about 41 percent of gains left to make between here and its full breakout targer. Will net a new all time high in the process. Not sure where it will go from there. could always overshoot or undershoot the target as well but most alts lately have been either hitting the target precisely or overshooting then. I like this particular unconventional inverse head and shoulders because it has 2 necklines both with the same breakout target. *not financial advice*
COINBASE:AEROUSD
by DrDovetail
Arbitrum set to goldencross on next daily candle; invh&s in playWe can see after triggering the breakout of the smaller inverse head and shoulders and blowing past that target arbitrum has reached the perfect level that will cause this new inverse head and shoulders to materialize by correcting here and forming a right shoulder. We can also see that Arbitrum is just 1 day away from having it’s daily golden cross and considering many inverse head and boulder patterns in the altcoin market lately have been forming remarkably tiny right shoulders, Arbitrum also could follow suit and break up from the inverse head and shoulder neckline far sooner than you would normally ever expect these kind of patterns to do so. Also a chance it could form a normal shoulder here as well we wll know soon enough *not financial advice*
COINBASE:ARBUSD
by DrDovetail
Dash filling out right shoulder after burj khaifa moveBy correcting here after dash’s big golden cross vertical slingshot in price action it is in the perfect zone to form a right shoulder to a newly materializing inverse head and shoulders pattern. The common theme for many inverse head and shoulders patterns this alt season has been very tiny right shoulders so there’s a decent chance it breaks above the neckline of the inverse head and shoulders before where the hypothetical right shoulder I have drawn on the chart reached it’s end. Always a chance it bucks the trend and ends up being even wider than what I drew too as the width of the shoulder would traditionally be. We will know soon enough As always dash and zcash see to be having some similar chart patterns. Nice to see privacy coins still matter enough to have a chance to make big gains this bull run and perhaps even surpass the previous all time highs if it keeps this up long enough *not financial advice*
COINBASE:DASHUSD
by DrDovetail
1
Zcash working on filling out right shoulder for next breakout Zcash appears to be forming a special inverse head and shoulders pattern I like to refer to as the sweet dreams or sleepy head inverse head and shoulders as the trendline you draw to highlight the head and shoulders take on a smile face with its eyelids closed. I anticipate even though I already drew the hypothetical length of the right shoulder fairly s that there’s a chance it could break above the neckline after forming an even shorter right shoulder based on some of the recent tiny right shoulders we’ve seen fro the likes of digibyte, atom, cardano and others. Always a chance since it’s left shoulder was tiny that the right one could buck the trend and form a regular sized right shoulder too, either way I’m confident with market conditions how they currently are theat probability favors this pattern breaking out and up eventually. *not financial advce*
COINBASE:ZECUSD
by DrDovetail