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*

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

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*

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*

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*

It just dawned on me that I had my chart on logarithmic for the previous 2 posts I amde about HBARUSD. As usual, the chart patterns on the log chart tend to have much higher breakout targets than the version of the chart patterns that appear on the linear chart. As soon as I realized this I went back in and adjusted the patterns to their linear chart erosions. The inverse head and shoulders remained mostly the same but the bullflag/desceding channel has now morphed into a falling wedge/bullish pennant. As you can see the breakout target for all 3 patterns is a much lower price than what the price targets were on the logarithmic chart. That’s not to say that the logarithmic targets are invalid, I think what will most likely occur Ike usually is both chart’s targets will be validated, it will likely just take much longer for the logarithmic chart’s targets to be reached as is how things usually pan out. *not financial advice*

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 financial advice*When a see price action climbing up the tan dotted measured mov line like a staircase suggesting it is confirming the breakout from the cup and handle. Also of note the large green top wick appears to have hit the breakout targetof the yellow inverse head and shoulders precisely.If price defies at some point to correct back down to retest the neckline probability favors that as an opportunity to add to my position.

Also in a smaller double bottom setup here. *not financial advice*Starting to inch above the double bottom neckline hereStarting to feel confident tht hbar has solidified the double bottom neckline as support here if so it should confirm the breakout from the double bottom in the enxt couple candles.

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 price action above both of them. Once we solidify the top trendline for the cup and handle patterns as support the breakout target for it is $7161. Ethereum just recently had a golden cross on the daily which adds to the probability the inverse head and shoulder pattern breakout will be validated. *not financial advice*Eth appears to have broken up from the light blue inverse head and shoulders pattern and price action is currently climbing up th dotted light blue measured move line. The target for that pattern is around 4200

No confirmation yet but market currently feeling very bullish here. Likely to breach this neckline in the next few candles. *not financial advice*Already confirmed the breakout, and almost to th target!Target hit!