Inverted YFI Chart looks "Bullish"Invert the weekly YFI (Yearn Finance) chart and you'll start to see an Adam/Eve double-bottom that has dragged out following a breakout and multiple re-tests of its neckline.
It has only ever reached halfway towards TP 1.
Hold "above" 10.7k and get "above" ~4.4k to move towards targets:
TP 1 - ~1750
TP 2 - ~705
Adameve
FLOW ADAM AND EVE PATTERN: TIME FOR AN UPTRENDIn this logarithmic chart, BINANCE:FLOWUSDT is forming an Adam and Eve pattern in which the price movement creates two bottoms, one indication of reversal for the coin's current downtrend. Will it happen in the next days or may not? To answer that, I'll provide continuous technical analysis for you in this idea thread below. Always PLAN your trades, secure positions and happy trading!
Adam/Eve Reversal Pattern IdeaFARM/BTC may be forming an adam/eve reversal pattern. It has a long way to go before confirming that and could head down further before turning up. OBV has been rising throughout its downtrend, and RSI has done the same - recently making a new low above 30, which is another indication of a possible reversal.
DXY Adam & Eve PatternThe DXY has broken its parabolic trend that it has been on for months now, forming a very clear Adam & Eve pattern. The measured move for this pattern indicates a highly likely break of the simple trend as well. (Yellow line)
This could be very good for all asset classes for the short term.
**This is my opinion, based on chart data. This is not financial advice.**
Adam and Eve Bottom/Reversal for Bitcoin Last time I called an Adam and Eve Bottom was February 2019, that call worked out well. I'm seeing the same pattern play out now here.
Volume profile confirms A&E with large spike on the Adam, and fall off on the rounding of the Eve.
Breakout point/neckline is around $21,500, Measured move is around $26,500.
Good luck.
BTC will bottom at 12k, accumulation 12k and 19k, 2025 135kIf we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support.
This is possible from fundamental analysis
1. more rate hikes for about three quarters
2. stock market has not bottomed out, there is support coming in, though
3. borrow protocols like celsius and 3ac who needs to be liquidated
4. 4 year cycle respected
Adam and Eve inverted pattern is also very strong, don't underestimate it
#DNT Ready to FlyAdam & Eve on Daily Timeframe.
Im expecting a bullish move toward 0.1500 if we close above the neckline
Send IT!
PRE Adam&EveINSANE 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
$PLTR making an Adam and Eve bottomThis formation coincides with Wyckoff Accumulation Schematic #2. I have a position average $23.64
Adam & Eve Double BottomsAdam & Eve Double Bottoms: Bull Market Results
Overall performance rank (1 is best): 17 out of 39
Break even failure rate: 12%
Average rise: 43%
Throwback rate: 67%
Percentage meeting price target: 69%
The double bottom confirms as a true double bottom once price closes above the peak between the two valleys. See the figure to the right. Without confirmation you do not have an Adam & Eve double bottom, just squiggles on a chart.
Source: (thepatternsite)
AVAXBTC created an inverse Adam&Eve Pattern 🦐AVAXBTC created an inverse Adam&Eve Pattern, and the price broke the daily support. The price wants to test the next blue (daily) support.
According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CRSP - Adam & Eve (bullish)CRSP had an bearish H&S formation earlier which saw it fell to a low of $100 on 5 March. It then traded in a wide sideway range of 106-137 for most of the next 7 weeks and eventually an Adam and Eve pattern has emerged.
The Adam & Eve ((A&E) is variation of the "double bottom" formation. The neckline is currently at 137. As soon as it started trading above 137, we could see a sustainable move to the eventual A&E target of about $174, which incidentally is also the 62% fib retracement up of the recent swing down.
I would place an initial Stop Loss just below $123 and move this stop up should the trade goes to at least $145.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
PTON - More upsidePTON established a strong support at 94 after forming a double bottom there on 5th March. It rose for only 2 days before losing momentum for the next few weeks when it slowly became apparent that a mini Adam and Eve bullish pattern was forming.
Today it gapped above the Adam & Eve neckline with RSI rising strongly >50 at the same time. For those who have yet to hop on board early today, it could be trickly to rush in now unless price could retrace a little over the next few days. I wwould put intial stop loss below neckline @ 111. Be mindful of earnings release expected on 12 May.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
AMBBTC creates Adam and Eve Pattern 🦐👫Adam and Eve, I love this pattern. Do you remember this idea?
According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.