BIFIBUSD (BEEFY.FINANCE) - POTENTIAL BUY ENTRY
ANALYSIS 🔎
- BIFIBUSD is testing the ATL (all-time low) support.
- Price action is printing the double bottom (DB) trend reversal pattern.
- The double bottom pattern is a bullish reversal pattern.
- The downtrend is resisted by the descending trendline resistance (DTR).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance and the double bottom neckline resistance (R1).
TARGET 🎯
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
- BIFIBUSD is testing the ATL (all-time low) support.
- Price action is printing the double bottom (DB) trend reversal pattern.
- The double bottom pattern is a bullish reversal pattern.
- The downtrend is resisted by the descending trendline resistance (DTR).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance and the double bottom neckline resistance (R1).
TARGET 🎯
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
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