ADA double bottom, false breakout, symmetrical triangle!
Hello traders,
We are looking at the 1 hour graph of ADA.
As we can see, the graph is forming a double bottom within a symmetrical triangle. Which could signal a reversal.
Furthermore. The power of a double top / bottom can be intense. However, in terms of reliability, more value is generally attached to a head-shoulder formation.
Remember traders, no model is perfect. Fortunately, otherwise there would be no market.
This is not financial advice, I am not an financial advisor.
Make sure that your decision is the product of your own conclusion.
Leave a comment
Thanks.
(my previous analysis were uploaded with private tag, lol)
We are looking at the 1 hour graph of ADA.
As we can see, the graph is forming a double bottom within a symmetrical triangle. Which could signal a reversal.
Furthermore. The power of a double top / bottom can be intense. However, in terms of reliability, more value is generally attached to a head-shoulder formation.
Remember traders, no model is perfect. Fortunately, otherwise there would be no market.
This is not financial advice, I am not an financial advisor.
Make sure that your decision is the product of your own conclusion.
Leave a comment
Thanks.
(my previous analysis were uploaded with private tag, lol)