DrDovetail

DrDovetail

Seeing a big green candle today on dxy after confirming the neckline of the inverse head and shoulders pattern as support on the previous daily candle.

DrDovetail

Already went above the neckline once and the current daily candle is currently back above the neckline for a second time. Hitting the full target would mean a good 50% gain from current price. *not financial advice*

DrDovetail Updated 

The bull pennant we are in shown here on the 6month time frame seems to have a symmetrical triangle for its flag. The breakout target for just the symmetrical triangle is in the $33 range. Factor in the pole of the flag and the potential target skyrockets to 1.2k. Definitely not financial advice and certainly no guarantee it will hit either target as it’s still up...

DrDovetail

Looks like Chanlink is ready to confirm the double bottom breakout here as the past few candles have already started to climb up the measured move line like a staircase.Always possible for a dip back below the neckline at this point but probability slightly favors the readout being validated instead for now. *not financial advice*

DrDovetail Updated 

Nice it confirms the breakout the target is around 3 cents. Could always dip back below the neckline a time or two before that happens, but considering how it feels lke we are finally confirming an altseason here with bitcoin dominance taking a big dump probability highly favors an eventually validation of this breakout on flr. *not financial advice*

DrDovetail

If this pattern validates its breakout, the measured move target from here is over 3x. *not financial advice*

DrDovetail

It could easily dip back below the neckline a tie or two before it validates the breakout but definitely getting closer to doing so. Target is around 40-41cents. *not financial advice*

DrDovetail

Price action is well above the neckline and already over halfway to the target. *not financial advice*

DrDovetail

The smaller pink dotted measured move line is for the inv h&s pattern its formed inside the wedge with the top trendline of the wedge doubling as the invh&s pattern’s neckline. Hitting that smaller target is more or less a 2x from current price action. If we hit the full falling wedge target that’s a 4x from where it is currently. *not financial advice*

DrDovetail Updated 

An even higher target than the symmetrical triangles two potential targets materializes when we confirm the breakout up from this bull flag. It will likely have a bullish target somewhere around $5.20. Upon reaching this target it will also be breaking above a big cup and handle that will then have an even higher breakout target which I will post in my next idea...

DrDovetail Updated 

Should break above the neckline of this lemon lime colored inverse head and shoulder pattern in the upcoming 1-3 weekly candles here, and we are likely less than a week a way from the daily chart golden cross (not shown here). The breakout target from this inverse head and shoulder pattern will take price above the rimline of the larger cup and handle pattern and...

DrDovetail Updated 

Wanted to also post a daily chart tie frame of my previous idea. I first posted it in weekly to fit the entire cup and handle breakout target in the frame, but wanted to also post the daily time frame to provide both a close up of the inverse head and shoulders pattern as well as the impending golden cross on the daily time frame. Loos very likely that alt season...

DrDovetail Updated 

Also in a smaller double bottom setup here. *not financial advice*

DrDovetail Updated 

If it confirms the bullish breakout the target is 150k. Also by breaking above 116k and solidifying that level as strong support, we will trigger an even bigger inverse head and shoulders pattern (not shown here) with a breakout target around 208k! I will provide a link below to the chart I posted of that pattern. Thanks for reading, liking, and following. *not...

DrDovetail Updated 

Ethusd chart has a similar set upas the total2 chart, a cup and handle that is breaking up from a smaller inverse head and shoulders that will complete the handle to the cup. Ethereum actually has two potential to trendlines for its cup and handle and I wouldn’t be surprised if both are valid. The breakout target for the inverse head and shoulder pattern will take...

DrDovetail

Sui has joined the bullishness here as it has brown up from the pennant and well on its way to the target. *not financial advice*

DrDovetail Updated 

The longer it takes to break above this neckline the higher the breakout target will be. I have arbitrarily placed the measured move line at July 18th 2025. If the breakout were to happen on that day the measured move target is around 208k, which could take quite awhile to reach or if we entered a truly hyperparabolic blow off top we could reach such a target way...

DrDovetail

Seems like most of the cryptos from the iso20022 compliant chains are breaking out right now and algorand is no exception. Most likely in anticipation of Fednow’s migration to it tomorrow. *not financial advice*