Prices are currently retesting our support zone. We will be waiting for confirmation that this current zone can hold and potentially form a double bottom on this nice zone. We will be looking for a move upside towards the previous resistance zone if the current support zone holds.
The price created a double bottom on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout, 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...
XAUUSD Gold Target Price 1848.842
Take a look below you will see the previous analysis of this pair. Originally price formed a double bottom. Price retraced to the neckline as expected. After the retracement priced formed a doji on the daily (signally a possible reversal after the downtrend/sell of). This area was near 61.8 fib level, which is where price respected and found support at this...
Double bottom pattern reversal on minor down trend 1H
Hope for a double bottom. It is a possible move?
Ethereum double bottom pattern confirmed, 1H
View the chart for information on how I traded this pair.
In this analysis, we see that Bitcoin it's showing us a bullish rising wedge, my own proyection it's around of $41,200 dollars, that are my next target profit. Now, lookng in the perspective, we have in 4 occasion that Bitcoin form a strong support above of $30,000 dollars, that mean that bulls are defend this important zone to continue our boughts. For that, I...
A double bottom has already formed on Silver 240 chart. We are waiting a green kicker candle for demand momentum confirmation. Reward to risk = 1.4/1. Enter around 1.21069 - Entry reason: Bearish engulfing . S.L. 1.21789 T.P. 1.20034 Entry - awaiting green kicker. S.L. is around 24.77787 T.P. is approx. 26.15417
Litecoin has tested the 145USD support level, it is on its way to complete the double bottom continuation then it will probably break the 154USD level. That will give it the momentum necessary to reach 161 USD resistance. The stochastic indicator is currently in the oversold area, choppiness index is on its way above 61.67. Last time this happened on the hourly we...
Double Bottom has already formed and transitioned to a Bullish Flag which has just experienced a price breakout. We could see some really nice upside to $18-$19. In the mean time watch price action and volume .
ROSE shows a double bottom pattern plus a (not that great) head and shoulder which is confirm its bullish trend and it can rise till the line plotted in the chart
If the second bottom close over the neckline = bullish. If it closes lower (as its right now) = bearish. still in building phase, things are getting interesting. If BTC drops, I aim for 618 fib (21 500) to buy the dip. If it goes up, then everything is possible. Happy trading (but be careful) XD
RVNUSDT are you Alive? The price created a double bottom on the weekly structure and the price had a breakout from the falling wedge. The price Is testing daily support. We are looking for a new bullish impulse, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
GOLD after creating a double bottom at the 1860 level started a retracement move until the 0.382 of the previous bearish leg, near the weekly descending trendline. The price moves between 1880 and 1890 level and attempts to break below with a spike. IF the price will break and close below the 1880 area we will set a nice short order according to Plancton's...
Is the market maker still alive? Indicators are tired of being oversold. My targets: Short Term -> 0.01518$ Mid Term -> 0.01780$ Long Term -> 0.03400$ NOTE!: Ravencoin's block reward will halve in Jan 2022. (5000 RVN -> 2500 RVN) You can confirm this event from Ravencoin's official Twitter account. This analysis is not investment advice. You should do your own research!