This article is pure technical analysis. BINANCE:ARBUSDT is showing a double bottom pattern, indicating a potential bullish movement. But first, pay attention to its past price movement that led to a bullish movement of the coin, ARB had a multi-month trendline breakout. Through this trendline below there were multiple instances of resistance (highlighted in...
Double top with N pattern Indian Equities Rebound, Ending Six-Day Losing Streak
USDCHF was in a uptrend but has posted a Double Top Reversal pattern with a Bearish Divergence on the RSI, signaling a reversal in play.
The Chart is pretty Self-Explanatory. 1. Since March 2022, the price climbed almost 42% to make an all-time high. 2. It then consolidates for 200+ days, to form a double-top pattern. 3. Recently, with 4 parabolic red candles it broke the zone. 4. We should see some pullback if it has to resume its retest and continuation What do you think?? If it was worth...
Double Top is a bearish formation. In this case, it's being formed on the Point Of Control (POC) as a neckline, the strongest support/resistance on Volume Profile Visible Range (VPVR), which shows what price bulls and bears fought the most. If this formation breaks the neckline, the potential target price is exactly 26000. We can predict the potential target by...
CADCHF has formed a Double top and is showing signs of a DownTrend further verified by a Bearish Divergence on RSI.
AVAX has been selling off for nearly 5 weeks now. With BTC seemingly reversing as we speak, AVAX has found support at the most recent lows and is potentially aiming for a double bottom reversal. I'm looking for a move all the way towards the most recent highs, around 21.50, over the next few weeks. With a R/R ratio of almost 13, it's a very lucrative low risk...
I’m seeing a possible double bottom reversal With a unfinished gap to fill up .. If my Key indicators show bullish momentum 407-410 calls will work lovely here 406.50 407 407.50 408 408.50 409 all good price targets remember to secure those gains always leave runners and re enter if necessary!
Tata Steel is showing perfect triangle pattern and at the verge of break out. Buy above 115 to make gains of 80-100 % within a 12-15 month time frame. Disclaimer- this is just for study and learning and all outcomes of investment decisions are solely investors responsibility.
Chaikin Money Flow shows a break out about 0 level and a successful retest. Double bottom confirmed. RSI showing sign of bullishness. LL RSI is also showing sign of bullishness. Major resistance levels are shown in red horizontal lines. Lets see if it works out.
As you can see a double top formed on a 4H TF We have to wait and see if price resists or break above the A.O.I "Area Of Interest". Scenario 1 If price breaks above the "A.O.I" level the double top pattern is invalid and price could form a Triple top Scenario 2 If price resist the "A.O.I" level then we have to wait for price to reach the neckline...
MBOX/USDT Binance Pair 1D Chart create Double Top Chart pattern if you don't know about Double Top Pattern What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a...
Bigger Trend is Down .......and on Smaller TF Double Top (Price Action) formed ....which Put me in a Bearish mode ...
As discussed in last two idea posts, Nifty has indeed shown strong support at 17500 area. Its also on the back of budget and possible renewed interests in bull move. Keep an eye out for good entry points for positional longs.
Recent budget and more importantly, recent adani fiasco, lot of ppl are in two minds and are habitually going in bear mode on Indian markets. But I'll have contrary view, as usual. I see Nifty taking a really strong support from 17500 area approx. and bounce for new highs, even as far as doubling the market in next 5 years. This analysis is based on trendline...
Buy US30, extremely oversold, couldnt break lows, formed double bottom, im in from 33035
US30 should continue its move up, as analysed beginning of this week, As you can see price pushed up above the 200ema reisistance to make it a support. Price then made a double bottom to continue the uptrend, when current stick ends bullish, we should see more buys, because this will be the retest entry on the double bottom formation
We have been hovering around 1.24 for some time now. We have formed a double top and bearish divergence on 4H and below. We are not overbought just yet, so this would be a factor to look out for I will pay attention to the price action at the nearest 1.24 retest (if so). Entered 1.24000 Target 1 GZ = 1.20723 - 1.20529 Target 2 FR = 1.18410 SL = 1.25000 Goodluck all:)