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ADAM-EVE

CROX - Adam & Eve breakupCROX has the potential for a bigger run as it broke out of an Adam and Eve formation with strong volume, and prior to that there were already several strong volume days (stealth accumulation!) during the base formation. Any near term pullbacks will be opportunity to long, with the neckline likely to hold as immediate support (~$65). Could face some headwinds as it hit around $84 eventually. But after some consolidation, should it be able to break above $84 then a longer run is definitely underway. p/s watch out for Earnings expected this Thurdday (before market opens). Any selling on "news" could be opportunity to stake if it hold above the neckline @ 65 Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:CROXLong
by Juliac
2
SOFI - Adam and EveQuite a number of beaten down stock are showing bullish reversal formations. SOFI is looking to form one such pattern, namely the Adam & Eve. While it is still way below the 200 day moving average, it's RSI is strong and might be worthwhile to "test" some water on these stocks. However market turns could still be a very volatile period until it can go above the 200 day moving average again. Hence trade with smaller amounts for a start. If the stock only suffers a shallow sell off after FOMC next week, then it could be sign that the bulls are gaining traction Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:SOFILong
by Juliac
Ethereum double bottom & Ascending triangle breakout? I'm looking at Ethereum chart in multi- timeframe. Using trend based fib extension, I showed you that 100 % projection of A wave / from November top/ATH/ to January low has been completed. In daily timeframe there is a nice Adam & Eva double bottom pattern with ascending triangle/. Such kind of pattern there are on total market cap and BTC charts as well. At 4h timeframe there is ascending triangle too. Its resistance has been tested 4 times. To get confirmation of the breakout we need BTC 4h and daily candle close above the resistance. I expect it in coming days. All targets are pointed on the charts. You can also check my previous analysis about BTC, Total market cap, DXY, USDT dominance and understand why I'm bullish.
Long
by ergal91
Total Market cap double bottom & ascending triangle/bounce time?I'm looking at Total market cap in daily and 4h timeframe. There is a nice Adam & Eva double bottom pattern, which can be broken very soon/ in coming days/ At the same time there is ascending triangle on 4h timeframe. The resistance has been tested 4 times)) As you know as many times price hits the resistance , it becomes weaker and more likely will be broken. Double bottom and ascending triangle targets, which are the same I pointed on the chart. For confirmation we need 4h and daily candle close above the resistance / You can look at my previous BTC analysis from bullish perspective.
CRYPTOCAP:TOTALLong
by ergal91
BABA - Adam & Eve reversalWorst looks to be over for BABA after hitting a low on 15 March and then went on to form an Adam and Eve (A&E) reversal pattern. It broke above the A&E neckline 2 days ago. While the breakup volume wasn't impressive, it is however now above the 200 day moving average, which gave it credibility to likely continue in a slow path to recovery. (could chop sideways for a while until the 50 day moving average can cross above the 200 day moving average). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:BABALong
by Juliac
1
BTC: IS IT READY TO TEST $28K?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is going well so far and perfectly following our previous analysis. Currently, trading above the $22k level. Now, let's get to the chart. BTC is forming an Adam & Eve pattern in a 12hr time frame and currently trying to break the neckline which is at the $21,800 level. For a bullish scenario, BTC needs to break this neckline and also the resistance at the $22.5k level. If we get a close above the 22.5k level then you clearly see that there is no major resistance till the $28k level. Also, keep in mind that if again close below the $21.8k level then we might see again the $20k level so play accordingly now. IMO it's better to wait for a close above the $22.5k level for opening any new position. What do you think about this? Do you think we break the $22.5k resistance and head towards the $28k level or do you think that we again see a dump? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
COINBASE:BTCUSD
by CoreCrypto1
2
BTC UPDATE! 18K INCOMING IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. BTC is forming a inverse Adam & Eve pattern which is generally a bearish pattern. Although it is not confirmed yet because BTC is still holding the $19,800 support level. Once it breaks below the $19,800 support we can expect it to reach $18k level. If you want to open a short position then wait for the breaks below the 19,800 support area. Invalidation Level:- If BTC breaks and close above $20,500 level then this pattern becomes invalidated. What do you think about this? Do you also think we can see $18k from here or do you think we get a bounce from here? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
2
NIO - Adam & Eve bullish breakupAdam and Eve (A&E) is a kind of "double bottom" pattern, a potentially bullish reversal signal. NIO broke out of the A&E patten today on a strong gap, increasing it's odds that the trend has reversed (to the upside) and is likely to follow thru in the medium term. Near term pullback possible (and could present opportunity to long at lower risk) but unlikely to close this gap soon. Expect some consolidation as it hit into resistences on the way up. Theoretical target for such a pattern is around $32. Let's see if it will work out (manage positions with trailing stops). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NIOLong
by Juliac
2