Adam and Adam Double Bottom Formation: This formation typically indicates a reversal pattern, characterized by two sharp V-shaped bottoms. It reflects a strong rejection of lower prices and often precedes a bullish trend reversal. Breakout Confirmation: Yesterday's NSE:BANKNIFTY breakout above the neckline adds confirmation to the bullish bias. The candle...
OMG Network is now completing the formation of an "Adam & Adam Double Bottom" pattern. All these numbers look very good: ▫️ Market Cap: $1.44 billion (Rank #67) ▫️ Fully Diluted Market Cap: $1.44 billion ▫️ Total Supply: 140 million #OMG ▫️ Circulating Supply: 100% 👍 My target will be 5,200 Sat (or $20) per #OMG token.
Levels as described on the chart. Happy Sunday!
WIT has formed a parabolic uptrend, with multiple touches on the uptrend line. Charts pattern formations include, Adam & Adam, Horn bottom, Diamond bottom, and a possible falling wedge. A triple bottom is also present on the uptrend line.
Target 85. Stop loss 97. Looks like confirmation just in that this pattern broke bearish. Let me know what you think, like the idea if you agree.