Today I am with another cryptocurrency which has more than 100 days consolidation. I think KUCOIN:ARXUSDT is in accumulation phase and I am expecting 600% return after it gives breakout from this long accumulation phase. Also it looks like ARX is forming double bottom pattern with second bottom is higher than first bottom. Leave your opinion in...
This is where Technical Analysis and strong company fundamentals collide.
CSE:PKK has their strongest quarter incoming (Q4) which is expected to surpass 2020's revenue in it's entirety.
This, combined with a NASDAQ listing, and other unknown catalysts should result in powerful capital market results.
More on the double bottom pattern:
"The double bottom...
As I mentioned yesterday, there are many similarities between the 2021 and 2017 bullrun.
On the daily we are actually putting in a double bottom as we speak with bullish divergence on the RSI.
This is a wild coincidence especially when the RSI bullish divergence is angled on the exact same angle as 2017(30degrees), assuming we bounce from here.
Here's a quick Look at DOGE daily chart . As we can see, the price has been forming a bigger double bottom formation! A break above 0.35$ will confirm the double bottom and from there we could see a big rally to 1$! Also a new Dogecoin update has been released today and this could have an impact on the price! Keep an eye on this setup!
The best entry would be,...
I called $33 as the bottom and wait it until November 1st to see. But what I saw today price movement might suggest $34.59 is the double bottom. If it continues to dip to Monday. Then $33 is still in play. What I like to see is can AMC bounce back up to $38-$39 next week quickly and then break the $44 neckline to $53? I don't expect much price movement tomorrow....
This probably my last AMC publish article for this month. I don't believe in fractal theory. But If $AMC hits $33 and bounces off quickly to $40 again. It confirms two things.
1. $33 is the next double bottom. It becomes the new high lows. ($28 was the last double bottom before we hit $53 and fall down.) Along with completing the 3 drop of the falling wedge.
Hey guys, this pair is currently trading on a strong daily support. I expect it to bounce from that level having formed a double bottom on the H4 TF.
My bias will be invalidated incase the double bottom is broken to the downside.
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Compare that to Peloton's total revenue of $936 million in the...
Hey guys, this pair is currently trading on the daily support. There's a double bottom on the daily time frame. On H1, we see an inverted head and shoulder pattern which is a reversal pattern. I'm long on this pair. My bias will be invalidated incase that daily support zone is broken.
Hey guys, this pair traded to a strong support zone and bounced. We see formation of a double bottom which is a bullish reversal pattern. It also broke the trendline on the right. With those confirmations, i'm looking to go long on this pair
This pair is currently on a bearish trend, but i expect it to go up before it resumes it's bearish trend. On H4 timeframe, there's a double bottom formed. If it breaks that neckline, that rectangular shaded zone, i will go long. If the neckline fails to get broken and continues to trade lower, i will go short on this pair.
Happy trading guys.
Hello guys. As you can see APPEN just double bottomed today. This bullish sign could pump APPEN to about 12AUD (8,85USD). The strong support at 9,58 AUD (7,07USD) should hold in the future and could be a good stoploss.
Do your own research / Trade at your own risk
NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this stock) :)
GBPUSD on the daily chart creates a double bottom over the weekly support.
The price is now moving back to the upper trendline and according to Plancton's strategy if the pair will be able to break above the static resistance structure we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
ALICE is almost out of the room in this falling wedge. Now just above support at 17.37, retested once already, so it could be double bottom if support holds. We have descending trendline in RSI and MACD looks like we could see direction reversal. It would be nice to see RSI turning up and break that descending trendline before entering long trade.