In this chart we have observed LH & LL and at the bottoms we have bottoms almost equal LL's . which gave us the sign of potential breakout if it breaks the neckline, which is our entry area. what you say about that.
PERP has Bullishly Engulfed above a major Support/Resistance Level and looks to be forming a Double Bottom of sorts with Bullish Divergence on the MACD. If it plays out we could very well see higher highs and may actually see a macro Bullish Breakout of an even bigger pattern of higher lows and higher highs on the Weekly, but for the time being I'd just want it to...
Hard to say which one of these patterns are more likely to get validated at this point. Always a chance Bitcoin dumps one last big leg down from now until June in which case one last big capitulation dump could be enough to trigger the double top pattern here. However if the correction for bitcoin has already found its bottom then I think its a higher probability...
. . .has been validated. Now jsut waiting for price action to head to the full double bottom breakout target. In the current price zone, a mild correction before reaching the full target wouldn’t surprise me. In doing so it would help it create an inverse head and shoulders for its follow up bull pattern. Also a chance it just skips the correction and heads...
Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line...
This bull flag target and then slightly above that is the double bottom breakout target. Price action seems to already climbing up the measured move line of the double bottom breakout so that’s a good sign that a breakout could get validated soon. Could definitely still correct back below the double bottom neckline once or twice first though if the bitcoin...
Possible double bottom here. Watching for a continued push to the trend line and major monthly resistance.
After this sell off a bunch of great entry points came up. I found this one, risk reward is very low, and is about to break out. I don't think is goin to take much longer. The price just landed on a strong support zone, it will bounce any time soon.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this ETH/USDT Update. ETH/USDT is forming a bullish Adam & Eve double bottom pattern, suggesting a potential trend reversal towards higher prices. Analysis: Adam's Cup: We see a clear downward movement followed by a rounded bottom reversal, forming the left...
Hello Traders ! The AUDNZD Failed To Break The Support Level. The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! So, I Expect a Bullish Move📈 TARGET: 1.09260🎯
NEO has formed a massive Double Bottom structure that has been in development since late 2018 and now nearly 6 years later is attempting to NEO has once again claimed the 21-Month SMA as support and aims to break back above the 0.886 Fibonacci Retrace. If it is successful in this we could see this be the start of a massive move to the upside, capable of taking it...
A massive double bottom apparently is forming out here. As you can see the price has tried to break the 75 level a few times before. Now is going to try again and is pushing with a lot of volume this time. I have a long position here. It may take a few more weeks to consolidate before break out. But it is worth the waiting.
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 Adam & Eve double bottom pattern is a bullish reversal pattern that has been identified on the SOL Intraday price charts. Initially, SOL experienced a sharp decline from $180 to $155, forming the 'Adam'...
Consider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries. Reasons are listed below : Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying...
Petronet is into developing, designing, construction, operation of owned and import Liquified Natural Gas(LNG) terminals in India. The company is in the niche business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for...
We can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the...
A technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support. A high accompanying volume validates the signal and often triggers a...
Price has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA. Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern. These indications suggest the possibility of a bullish continuation move, potentially driving...