Gowanus Monster π
@gowanus_monster
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Brooklyn's Finest Classical Chartist. Fiercely determined with a powerful sense of possibility. Technical analysis insights for education only.
Brooklyn, NY π½
Joined May 2011
$ADA β
#Cardano has completed a 5-month Double Bottom reversal on the weekly timeframe, with a throw-back to the top boundary and the rising 8EMA confirming a resistance-to-support flip. This is a major bottoming pattern that sets a measured move target at $1.17. If that
$ADA is setting up to complete a 5-month Double Bottom reversal pattern β a major bottoming structure. On the weekly timeframe, a close today above the horizontal boundary at $0.86 would complete the pattern and set a measured move target at $1.17.
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$SOL β
The weekly close above the right shoulder at $188 confirms a Head & Shoulders Top Failure completion. This sets the stage for a measured move toward $373, with #Solana now eyeing all-time highs and potential price discovery in the weeks ahead.
$SOL has spent the last 16 months forming a Head & Shoulders Top pattern with a neckline at $110 and a right shoulder building since April. Instead of breaking down, price held firm at the neckline, and the structure is now positioned to flip bullish upon confirmation. A weekly
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$VET Double bottom is still in play, with the lower boundary at 0.018 and top boundary at 0.034. A weekly close above 0.034 would confirm the pattern, setting up a measured move target toward 0.05. On the symmetrical triangle, $VET has now printed a higher low at the ascending
$VET has formed a Double bottom pattern with the lower boundary at 0.018 and the top boundary at 0.034. A weekly close above 0.034 would complete the pattern and set a measured move target of 0.05. On both the weekly and daily charts, price action is also approaching the apex of
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$VET has formed a Double bottom pattern with the lower boundary at 0.018 and the top boundary at 0.034. A weekly close above 0.034 would complete the pattern and set a measured move target of 0.05. On both the weekly and daily charts, price action is also approaching the apex of
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#Bitcoin is nearing the upper boundary of a right-angled broadening pattern formation. A daily close above $123,220 would confirm the breakout, set a new all-time high, and continue the measured move from its earlier Head & Shoulders continuation pattern. Based on that
#Bitcoin is executing a healthy throw-back after completing a Head & Shoulders continuation on both the daily and weekly timeframes. π Price is pulling back to retest the rising neckline, with $114K now acting as support β a key confirmation that former resistance has flipped.
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$CRV has been coiling and consolidating since its late-July highs, forming a bullish pennant pattern as the upper and lower boundaries converge. Price is now breaking out near the apex of this formation β a clear break above the top boundary could trigger the next leg higher.
$CRV locks in its breakoutβcompleting the multi-week Descending Channel and reclaiming the 200MA, a key trend filter I watch for bullish confirmation. While some are questioning if weβll retest the $0.50 zone, this breakout targets the next resistance band between $0.755 β $0.86
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$XRP is forming a short-term H&S bottom reversal pattern on both the daily and 4-hour timeframes. The key level to watch is the horizontal neckline at 3.33, where supply sits. A breakout above this zone would open the door for a retest of the prior all-time high β and
$XRP is testing a key level of support β the prior lower high at $3, now acting as a potential new demand zone. This level also aligns with rising daily 21EMA support ($2.99), adding confluence to the area. If we can consolidate and hold here, it strengthens the bullish outlook.
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$SOL has spent the last 16 months forming a Head & Shoulders Top pattern with a neckline at $110 and a right shoulder building since April. Instead of breaking down, price held firm at the neckline, and the structure is now positioned to flip bullish upon confirmation. A weekly
$SOL has been forming a 16-month Head & Shoulders Top pattern with a neckline at $110. Since April, price has been building the right shoulder while holding key support at the neckline. Now, the structure appears to be morphing into a Head & Shoulders Top Failure. A weekly close
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#Ethereum breaks out and completes a multi-year Symmetrical Triangle. A Bull Flag formed just beneath the top boundary, acting as a smaller launch pattern into the larger breakout. This weekβs close above $4,110 confirms the move and sets a measured objective toward $8,092.
Over the past few weeks, $ETH has formed a higher low on the weekly chartβestablishing the lower boundary of a multi-year Symmetrical Triangle continuation pattern. This past week, price cleared resistance at both the 8EMA and 21EMA, as well as the underside of a previously
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#Ethereum eyeing continuation as it breaks out of a Bull Flag and prints a higher high. This flag has formed just beneath the top boundary of a multi-year Symmetrical Triangle. This breakout could serve as the launchpad for a higher timeframe move.
#ETH is setting the stage for a major move. β
On the weekly, #Ethereum recently completed a Head & Shoulders Bottom β
On the daily, price action is forming a textbook Bull Flag This flag sits just below the top boundary of a multi-year Symmetrical Triangle β a breakout here
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Overly focused, it's far from the time to rest now
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#Bitcoin successfully sticks the throw-back to the rising neckline of its multi-month Head & Shoulders continuation pattern β confirming former resistance as new support at $114K. This retest aligned perfectly with the rising 21EMA and 34EMA, adding strong confluence to the
#Bitcoin is executing a healthy throw-back after completing a Head & Shoulders continuation on both the daily and weekly timeframes. π Price is pulling back to retest the rising neckline, with $114K now acting as support β a key confirmation that former resistance has flipped.
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$CRV breaks out of its textbook Bull Flag on increased volume β launching from a higher low and confirming a higher high above $1.09. A strong daily close above the upper boundary opens the path toward the $1.34β$1.50 target zone.
$CRV continues to form a classic horizontal Bull Flag β a hallmark of continuation patterns. The lower boundary at $0.91 has shown strong reactions, signaling itβs a respected demand zone. This support also aligns with a successful retest of the rising 8EMA on the daily chart,
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$XRP is testing a key level of support β the prior lower high at $3, now acting as a potential new demand zone. This level also aligns with rising daily 21EMA support ($2.99), adding confluence to the area. If we can consolidate and hold here, it strengthens the bullish outlook.
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#ETH is setting the stage for a major move. β
On the weekly, #Ethereum recently completed a Head & Shoulders Bottom β
On the daily, price action is forming a textbook Bull Flag This flag sits just below the top boundary of a multi-year Symmetrical Triangle β a breakout here
After completing a 5-month Head & Shoulders Bottom, $ETH continues to show strength. Iβm now watching the measured move of this smaller structure as a potential launching pattern to break $ETH through the top boundary of its multi-year Symmetrical Triangle continuation pattern.
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#Bitcoin | 4H / 1H Update Weβre seeing a failed breakdown from a bearish Descending Triangle β classic bear trap in play. Sellers expected continuation lowerβ¦ but buyers are stepping in, reclaiming key levels and invalidating the breakdown. This kind of pattern failure often
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#Bitcoin is executing a healthy throw-back after completing a Head & Shoulders continuation on both the daily and weekly timeframes. π Price is pulling back to retest the rising neckline, with $114K now acting as support β a key confirmation that former resistance has flipped.
#Bitcoin has confirmed its multi-month Head & Shoulders continuation on the weekly timeframe β closing decisively above the $114K neckline. β
With this confirmation, the pattern now projects a measured move toward $144.2K in the weeks and months ahead. One of the oldest
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$CVX is forming a crystal-clear continuation pattern β the Ascending Triangle. A daily close above $5.29 would confirm the breakout, unlocking a potential move toward the $6.67 target. This setup signals growing strength: rising support reflects increasing demand, while
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While descending supply zones are generally less reliable, itβs worth noting that $ADA is on the cusp of a key line break. A daily close above $0.934 could trigger a breakout, setting the stage for a potential weekly close above the neckline of a 5-month Double Bottom β a major
$ADA is setting up to complete a 5-month Double Bottom reversal pattern β a major bottoming structure. On the weekly timeframe, a close today above the horizontal boundary at $0.86 would complete the pattern and set a measured move target at $1.17.
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