thedailychartist

thedailychartist Updated 

Refer to a previous post for a higher time frame perspective on this breakout. Ascending triangle breakout in the making. Not trading advice.

thedailychartist

I've been harping about this setup for a while now and kept getting stalled. Patience is a virtue they say. :) We really just need to take out that 0.49 level and there should be better probabilities we'll see that big move up.

thedailychartist

Went into trading range for approximately 29 days and now things maybe looking up. Looking for a measured move off of consolidation to about 0.066. This bullish scenario likely happening soon if bulls manage to defend 0.0385 support level.

thedailychartist Updated 

A nice textbook setup forming for this coin. Needs to be confirmed but looking good so far. Market has been all sideways lately so watch out for more of that (e.g. false break). Assuming this breakout is strong, one may expect the current candle to close near its high and a nice follow through candle tomorrow. A re-test of the trend line support is also a valid...

thedailychartist

Weekly close below key 0.0265 level is not the bullish signal we were looking so we are likely to see more sideways to down price action with said level serving as resistance going forward in the short-term. Looking at the LTF we are currently at a wedge support trendline and we are seeing buyers attempt a rally and re-testing 0.0265 as resistance. Failing that,...

thedailychartist

This is a follow up to a previous post about a possible breakout setup from this long term descending channel. Did not materialize immediately but is making another attempt this week. Looking for a weekly close above 81.95. Note that this will also be a monthly close. Should be significant if it happens. Will look to buy above said level once breakout is...

thedailychartist

Another textbook pattern and a potential breakout setup. Measured targets marked. Not a trading advice. DYOR.

thedailychartist Updated 

BTC having a red day but potential bottom upcoming with a confluence of a previous low and a potential falling wedge/bull flag bottom. Let's see what the market does when price hits that support level.

thedailychartist Updated 

This level has been a consistent inflection point in the past so not surprised to see market reacting to this level again. Part of me thinks it will hold but only time and the market will tell.

thedailychartist

Market is currently in the bull leg of a broad rising channel and price is currently stalling at 1350, which has been a key price level if you look to the left. Break that and there's no reason we should not attempt a new ATH shortly.

thedailychartist Updated 

We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed. Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.

thedailychartist Updated 

Some good chance that this is a false break. Waiting for market to trade back into the descending channel. It then should target the resistance trend line.

thedailychartist

Buying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later. A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters. The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this...

thedailychartist

Been watching this setup unfold for a bit now. Seeing some follow through after breaking that tough 0.43 level on a daily closing basis (would love to see the weekly close too). Flip 0.49 and odds increase of a run to a measured move from this huge inverted H&S pattern.

thedailychartist Updated 

Keeping it simple here as per usual. This as good as it gets if you're a breakout trader. This coin is in price discovery mode so.... moon? :)

thedailychartist Updated 

Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either...

thedailychartist Updated 

Posting about ZIL for 2 days in a row because I really like what's happening here. Market is a bit confusing right now but wouldn't it be amazing if this pair broke out of consolidation off of this diamond pattern? :) Not trading advice.

thedailychartist

Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario... The bottom is probably in, folks! :)