Double Bottom Reversal may be in the cards
Weekly chart here shows a possible double bottom on Harvest Finance's BTC pairing.
It's good that we've already gotten above the 50/200 daily EMAs, but we've yet to see a golden cross.
That's what I'm waiting to see here before confidently suggesting we might be in a double bottom reversal, and then obviously confirmation by breaking above previous weekly highs.
Should that all occur, there is a TON of room for FARM to run, even beyond the 0.5x, 1x, 1.5x, and 2x areas shown on the chart here. Will update as things progress.
It's good that we've already gotten above the 50/200 daily EMAs, but we've yet to see a golden cross.
That's what I'm waiting to see here before confidently suggesting we might be in a double bottom reversal, and then obviously confirmation by breaking above previous weekly highs.
Should that all occur, there is a TON of room for FARM to run, even beyond the 0.5x, 1x, 1.5x, and 2x areas shown on the chart here. Will update as things progress.