The pattern was formed at 15min on BTCUSD, with confirmation close to $56.600. Target price for the next movement after the confirmation will be around $58.800, following the 70% price rule for breakouts of this pattern
Rune has formed Adam&Eve double bottom. After double bottoms generally a bullish trend starts but in Rune case double bottom pattern failed because market don't have enough momentum to break its resistance and as a result Adam&Eve double tops are formed but bearish trend isn't started yet after double top because market is in its support zone and testing both its...
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...
Adam and Eve is a kind of double bottom. The entry is triggered as it breaks above the neckline of the pattern.
The expected A&E price target will be the equi-distance from the low of the A&E pattern to the neckline, projected up from the neckline ("D" on the chart), which brings it to about 23.50.
Initial stop loss will be placed just below 17 and I will...
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
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...
Hey yall. I think $LINK is looking really good here! We've seen a pretty clear A&E bottom with higher lows being created! As you can see the blue 1.0 pitchfork prong that acted as such strong support is now acting as a clear resistance! If we go back to re-test that 19.50 levels where we previously held and failed, I'd expect a bounce to above 20 and to continue...
Adam & 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...