ALICE formed a nice Adam and Eve double bottom on the larger time frames. Money is flowing into the asset. Buy the breakout of the neckline, targets are marked by the measured move from the bottom of the cup.
Not only is ETHUSD’s price action currently above the neckline(tan trendline) of a descending inverse head and shoulder. It’s also above the neckline of 2 different double bottom patterns. (Green and yellow horizontal trendlines). The right shoulder of the inverse head and shoulder pattern is actually also a valid double bottom pattern on the 4hr timefram(daily...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. BTC doing pretty good so far. In my previous analysis (Check the link given below), I told you that BTC hit the $45k level and exactly the same happened.
So what's next?
Now, BTC is facing some strong resistance level at $45k-$46k which is...
We can see considerable amount of volume has accompanied the current big green candle that has broken above the Adam and Eve double bottom neckline here. This type of volume impulse usually signifies that a breakout of a pattern has been confirmed. However, this being only a 4hr timeframe, we must be prepared as always for the first breach of the neckline to...
This recent rebound in CRM could have momentum for a sustainable swing up with a confluence of the following technical factors:
1. mini Adam & Even bullish pattern locking in the near term bottom
2. Tested a longer term support zone (apparent on weekly chart)
3. Formation of a strong bullish engulfing weekly candle
4. Good RSI strength (>50)
Theoretical swing...
Don’t trade this but looks good once I squinted my eyes.
-Bullish
-Adam Eve
Typically, the Adam is the narrow sharp knife and the Eve is the rounded curve as displayed.
Due to market sentiment, could be vary risky coming few days. Currently this is what I’m seeing.
“If plays out” the exit point would be the hight of the depth of the Eve going forward....
Re Testing Adam and EVE trendline . which has confluence with SMA 100 and FIB extension .382
good to long but move SL to entry when come to profit .
BTC is having mood swings
Tellor Tributes seems like it's forming a Adam & Eve pattern on macro view.
Entering in demand zone (blue range), taking profits on Fib extension levels.
Risk/Reward= 1 : 2.72 | 1 : 5.33 | 1 : 9.37
Double bottom on the daily looks real on inverted chart. Neckline is 1700$
3174$ Will be tested as support. If this level does not hold we will retest 2200$.
The pattern was formed at 15min on BTCUSD, with confirmation close to $56.600. Target price for the next movement after the confirmation will be around $58.800, following the 70% price rule for breakouts of this pattern
Rune has formed Adam&Eve double bottom. After double bottoms generally a bullish trend starts but in Rune case double bottom pattern failed because market don't have enough momentum to break its resistance and as a result Adam&Eve double tops are formed but bearish trend isn't started yet after double top because market is in its support zone and testing both its...
Hello Traders,
Cardano is doing everything she can at the moment to break resistance above $2.30-$2.40.
Breaking above the $2.36 & closing above would in my eyes, signify a potential move up to the $2.50-$2.75 range, before hitting another set of resistance.
The market as a whole right now has had a sentiment shift for the better, but as always, it's fickle, so...
