Neckline still resistance for now. May need a slight correction before confirming a breakout above it. Definitely one to keep an eye on.
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...
Bitcoin in daily timeframe showing ADAM & EVE Bull might take control if break above the Neckline In case it happens expecting another bull run for Bitcoin. Send IT to $55,000
Much like ethereum, Axie Infinity has an Adam and Eve double bottom, a larger standard double bottom, and an inverse head and shoulders all rolled into one. Unlike the ethereum inverse head and shoulders, the one here on axie may not be valid as it does appear that the right shoulder has a slight wick lower than the wick of the head…but if the inv h&s pattern on...
TheSandBox in Adam and Eve Pattern Wait for breakout and send it Expecting +10% from this pattern. If price close above Falling Trendline (White Line $3.600) we might see the massive breakout on daily timeframe.
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...
To ideas that could play out and how I am looking at it. Adam and Eve formed looking for first time frame back test: Situaiton 1)) Current resistance around .10 which it hit.... I am assuming for a back test and will load up as my first load up area. But will be keeping a close on on second situation to happen Situation 2) We break above the .1 resistence...
#SKL Adam & Eve pattern is on the table🧐 Send it once there is a confirmation📈
Some work to do for confirmation, the pattern has the triangle Adam formed with a Lower High as the rounded bottom Eve potential. Summer 2021 saw a confirmed A&E as BTC moved up through the ATH run.
Zcash is pulling back towards 50MA support where it is very likely to bounce and resume the up-trend. Current Price= 171.00 Buy Entry= 170.90 - 153.90 Take Profit= 227.44 | 305.44 | 420.52 Stop Loss= 129.65 Risk/Reward= 1:2 | 1:4.38 | 1:7.91 Expected Profit= +40.14% | +88.19% | +159.10% Possible Loss= -20.12% Fib. Retracement= 0.618 | 1 | 1.414 Margin...
What Are Adam And Eve Chart Patterns? Adam And Eve chart pattern formed when one sharp V-shaped first bottom low is made on high volume. This is the first “Adam” bottom. Then the price bounces back higher but later goes lower a second time to create a second cup shape as a second bottom that is the “Eve” on decreasing volatility and a tighter price range. What...
I'm sorry for the messy chart, but I prefered to leave both patterns to make you understand. As you can see the breakout from the descending channel I had posted weeks ago is still happening but very slow as there are too many sells in the resistance area (purple rectangle). It appears clear from the VLPR (more yellow than purple in the histogram) and also from...
Matic is forming an Adam and eve bullish pattern and is currently retesting the pattern. If it successfully retest and bounce back then It is likely to form a new ATH by the end of December 2021.
Alerted to the pattern in comments. Looks like a good entry point with a retest complete. Feeling great about this.
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.
The classic adam & eve pattern may be playing out nicely for BTC , ETH, BNB and other crypto markets. cdn.howtotradeblog.com 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.
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...
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...