Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line...
Been hearing lots of good things about NEAR so finally pulled t up on a chart and I can see in the short term it is currently breaking upwards from a descending channel which looks much more like a bull flag on higher timeframes, as well as an inverse head and shoulder pattern. I have illustrated both measured move targets here on the chart; The purple dotted line...
Just an update of this chart and the breakout eth has confirmed of its long standing channel consolidation. I also expect it to hit the second target on the left of the chart that is slightly higher not long after that as well. That target is from a wedge ethereum broke up from long ago. *not financial advice*
Two potential channels here to consider on this double bottom breakout on BONKUSD (of which its possible for both to be valid). We will see soon enough if both targets get hit. Based on the current overall bull cycle I’d say probability is high they are both hit *not financial advice*
Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can...
SO far only sending wicks above the top trendline so nothing close to confirmation yet, but with the way the market currently is I would not be surprised if we may end up seeing one soon. One to keep an eye on anyways. *not financial advice*
Didn’t wait around at all to hit this target, no further TA for the follow up move yet I need to reasses the chart and find what it’s next macro pattern will be. *not financial advice*
GameStop's Falling Wedge Formation: A Swing Trade Analysis
Introduction:
In the ever-volatile realm of the stock market, GameStop (Ticker: GME) has caught the eye of traders once again with its intriguing chart pattern formation. A closer look reveals a falling wedge setup, a classic bullish pattern that suggests a potential reversal from the...
If it validates the breakout on the current breach of the neckline the measured move target is about 2 and a half cents. Nice to see SiaCoin actually doing something for once, been a long while. Must be a true tell sign the bull market is back. *not financial advice*
We can see as is common with most cryptos, the Algo went back below the purple trendline after its 1st initial breach above the purple channel. Now that we have broken above again and retested that line as support probability increases significantly for it to validate the breakout this time around. So I have posted an updated chart with the measured move line...
Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured...
As always with any timeframes under the 1day, the reliability of chart patterns playing out starts to reduce the smaller and smaller the time frame you go to but the 4hr does seem to validate its fair share of chart patterns often enough to take this 4hr inverse head and shoulders serious. If it can reach it’s full target it will climb to 59 cents here Ithink the...
Fetch AI validating its inverse head and shoulder breakout patterns here and well on the way to both targets $1.12 for the lower neckline and $1.234 for the higher neckline. Shown here on the weekly timeframe. *not financial advice*
Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet....
Link starting to act like it’s about to break upward form this daily timeframe bullflag in teal. We can see below that it has already broken upward from the larger weekly timeframe bullflag in pink. Our next stop should be $23 to reach the daily bullflag target and then $35 to reach the weekly bullflag’s target. No guarantee the current candle is the breakout...
It looks like it is validating the break upward, full emasured move target can lead to 180% gains from current price range. Of course always possible it corrects all the way back don to the top trendline of the pennant before reaching the full target. If so that’s simply an opportunity to enter at a zone with even bigger gains potential. It could just as easily...
