thedailychartist

thedailychartist Updated 

See related idea for a bit more info on this setup. If breakout is confirmed, reasonable target to would be 0.90 area representing a measured move from the inverted head and shoulders setup (see weekly chart in related idea).

thedailychartist Updated 

Yes, please. ;) We may still see more trading range price action (note the lackluster volume) but as long as 1,125 holds on a daily closing basis, short-term buyers should be on the right side of the market.

thedailychartist

Support level at 1.26 and price action seeing increasing buying pressure, so at the least a possible short-term opportunity for the bulls.

thedailychartist

Currently at an area where price congested and broke higher to start a 23-month bull run in 2018-19. LTF is showing a possible bottom with the formation of a higher high and a breakout from this descending wedge pattern. Likely to see some kind of trading range before any decisive bullish breakout/reversal but today's candle is pretty bullish and the bulls...

thedailychartist Updated 

Gold has been breaking resistance levels recently. Trying to create a higher high by breaking 1950 is more evidence we are about to see Gold even higher, probably in a strong fashion (no pullbacks in the 1D chart so far since breaking out of the bull flag consolidation pattern). We still need a daily close above 1950 to confirm but things seems to be looking...

thedailychartist

HTF showing a major reversal pattern here. May provide a nice breakout setup above 0.42. A cool 110% measured target so keeping this in my radar especially with lotsa altcoin breakouts happening...

thedailychartist Updated 

1,125 (based on Binance data) is the highest monthly close since JAN-2018. This should be a very significant price to break and would become a strong support level if price does go higher, which IMO is quite probable in the near term.

thedailychartist

Don't need any indicator and more lines on your chart to tell you what this coin is trying to do. A confirmed break above 0.23 opens up a run to 0.35 resistance area.

thedailychartist

Looks like this bearish scenario from a previous idea is still in play albeit with a different potential measured target. Broke previous high but is currently reversing. Looks like a double-top reversal in the making to me. We all know the routine here. Neckline is key support for the BTC dominance bulls. That's a huge drop so again, will believe when I see...

thedailychartist Updated 

Simple but effective (especially when it works :)) Now we wait for a follow through. Still needs to close today on a bullish note (else we may see more sideways movement in the near-term). If this continues higher, my target is that 0.36 area but watching out how market reacts to 0.23 level.

thedailychartist Updated 

Very weak breakout followed by a move back into consolidation range so this was a no go. But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance. So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near...

thedailychartist Updated 

3-day chart looking really clean and clear on what it wants to do next. Sellers may be close to giving up and we may see a stronger move up. A daily & weekly close above said level should herald bullish things in the near term.

thedailychartist

A weekly close above 137 strengthens the premise of bullish continuation.

thedailychartist Updated 

Not easy to predict a top/bottom but we do it anyway :) I see a confluence of resistances at current level so context seems good/valid for a top here and we could project a measured move down to the 56% area. Still waiting for a nice topping pattern at the LTFs so this is by no means confirmed yet (obviously). Bottom line, I think we're near or at a top so...

thedailychartist

...and after a rally is bullish. Of course, we could see prices reverse from here but the bulls should have the edge in the near term based on the preceding strong bull trend. A confirmed break above 137 should be signal for higher prices.

thedailychartist

Price is currently very near measured move target out of the pennant pattern breakout. One could reasonably expect some noteworthy profit-taking right about these prices. Just saying... :)

thedailychartist

Price has been trading within a range that seems to be contracting these past few weeks/months but there are indications we may be seeing a potential change in theme. Watching out this potential breakout in progress. I'd say wait for a weekly close but a daily close would be a bullish signal too.

thedailychartist

Sideways for a few weeks but buying pressure against 0.17 seems to be building up splendidly recently. Breakout imminent? I think so but only time will tell. This might be quick and similar to the price action in NOVEMBER (see related idea). Watch out above! :)