Think this is a potential tripple bottom (bullish), don't think ADA could go more down after a H&S. RSI is in oversold area aswell...
nevertheless like your idea, we will see!
Jrdelane
⋅
It's the same triple bottom you see on Bitvoin, but slightly different. EOS also has a triple bottom formed.
timn91
⋅
@Jrdelane, so I guess depending on if the prices bounce off of their support lines or if they break it will determine the short- and mid-term trend, no? If it breaks, we'll most likely see a lot of alt coins testing their ATL.
timn91
⋅
@timn91, also, if this is indeed an HS pattern and not an inverted HS, wouldn't that mean, that if the pattern is confirmed, that we'd be seeing the support be broken and the downtrend being continued?
Jrdelane
⋅
@timn91, I don't think you can have a H&S as a trend bottom unless it's inverted. There's no rise into it so if it dropped thr neckline doesn't have connection to a body on one side. It's okay, we're in hot water here at these levels no matter the perceived pattern. EOS is rising off it's pattern now.
MCBuser
⋅
@Jrdelane, I'm very much a noob and i wasn't sure about the H&S as a trend bottom. Overall i think alts are nearing the bottom.
nevertheless like your idea, we will see!