A double bottom pattern is forming on the Ethereum chart. Price is currently near the neckline breakout level, and a breakout above it is expected soon. Once confirmed, at least a +30% to +40% gain is anticipated.
Learn this: The double bottom is one of the most reliable reversal patterns in technical analysis. It signals that selling pressure has failed twice to push price lower, and buyers are gaining control. The breakout above the neckline confirms the pattern and often leads to a strong move higher.
With price approaching the neckline, a breakout is expected soon. Once that breakout happens and is confirmed with volume, a pump to the upside becomes highly probable.
Key levels to monitor are the neckline as the breakout trigger, the double bottom support as the invalidation level, and the +30% to +40% target zone above the neckline. A confirmed daily close above the neckline would signal the start of the bullish move.
Learn this: The double bottom is one of the most reliable reversal patterns in technical analysis. It signals that selling pressure has failed twice to push price lower, and buyers are gaining control. The breakout above the neckline confirms the pattern and often leads to a strong move higher.
With price approaching the neckline, a breakout is expected soon. Once that breakout happens and is confirmed with volume, a pump to the upside becomes highly probable.
Key levels to monitor are the neckline as the breakout trigger, the double bottom support as the invalidation level, and the +30% to +40% target zone above the neckline. A confirmed daily close above the neckline would signal the start of the bullish move.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Bybit #2 exchange. New users: get up to $35K rewards + $100 free bonus via my link. 👇
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My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
bit.ly/3Ry64DB
My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.