The classic adam & eve pattern may be playing out nicely for BTC , ETH, BNB and other crypto markets.
If we retrace to more than the golden pocket on this impulse however, this would invalidate this pattern.
If we break above the top of the dead cat bounce, this would confirm continuation of the bullish impulse.
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...
I have placed this long on Binance Futures -
On the 4hr/Daily timeline, one can draw a downwards channel that Bitcoin has been ranging in for the last 4 weeks. Past week it's been in the upper half, and the 2nd to last 4hour candle had a big bounce off the bottom region to close on the median line. To me, that implied strong bullish momentum, albeit it still...
INSANE run up, 670% in just 2days. It funny correction of just 25%... We could use both of these facts. The herd will continue to pump it, or we will see a massive dump... Adam&Eve at this point looks so interesting that I had to draw this. I am eager to see the next move. Careful with this one. Good luck traders
Adam & Eve Bottoms
SNXUSDT has formed Adam &Eve double bottoms as seen in the chart. Left Bottom which is in slightly curve shape like V forms Adam because this slightly curve shape shows only Wicks of candlesticks whereas their bodies are above to that point and formed a V shape Which indicates Adam because in Adam bottom only wicks of candlesticks reaches to a...
I am mega bullish on the stock. But I want confirmation on bullishness, and the best confirmations are closes above bear candles' high. We are forming an Adam and Eve bottoming pattern.
There is still a chance we make a handle, depending on the market price action. Or price just breaks 27.5 without any pullback. In which case I already have a position at an...
It is a descending Adam and Eve double bottom so uglier than the usual textbook Adam and Eve but as long as the rest of the crypto market breaks bullish it should operate the same way a normal Adam and Eve pattern would. Of course it hasn’t even really breached the neckline yet so its nothing to get excited about just yet only something to keep an eye on for now.
Bottom has formed on $VISL w/ bullish PA showing 3 higher lows.
TP levels are not 100%, but outline where I have set my long term views at. These are heavy resistance levels so I will base position decisions off of price reaction.
One feature of Cryptocurrency that is helpful is the 24/7 nature of the price action. The lack of the volume variability that dominates the equities markets with the futures and loss of control overnight of ones' options is limiting. The pattern day trading opportunities in crypto are more frequent, with a new pattern forming at all hours. We have to sleep...
Here we see our FET daily chart with that beautiful pump from yesterday . The neckline ( in red ) of our Adam & Eve Bottom has been hit and once we can consolidate for further upside we should hit that 1900 area which was the target of the Adam & Eve bottom. But also notice there are some other bullish indicators right now on this chart . We have a small Golden...
Currently moving through the confirmation of the 15 H&S; having achieved 65% of the Pattern Break Target. The Bullish Thesis has the .214 Support holding, setting the 4 hour Higher Low. For the Bears a break and back-test of the .214 creates room through the "fib void" to the Channel Boundary.
The Inverted Adam and Eve was back tested and found strong support as the choppy zone continues. Overhead supply is showing up in an upper pennant boundary as the lower bound is framed by the real bodies on the 4 hour frame. A break bull through the pennant with volume would be a good low risk spot for the bulls.