Double Bottom ReversalI love double bottoms and tops when they succeed, because they often give us more than the typical 1.5x measured targets after succeeding, 2x or even more.
Harvest Finance (FARM) may be about to print a double-bottom reversal. OBV has been trending up during the entire move down as well.
Targets with weekly resistances and support on the chart.
Double Bottom
GBPNZD LONG 1H TF 1H TF: Double bottom on the 30 min tf & 1 hr tf. Let's see if price will break resistance to the upside and turn it to support. I'd expect a bullish run if that happens.
Indicators: RSI tested MA and might push to the upside.
MACD: EMA crossover to the upside.
Inverse head and Shoulders and Double bottom at a 786We've got some decent MACD divergence backing us up here looking to attempt to make a higher low than the right shoulder at a Fibonacci confluence area. I think we may attempt a secondary breakout above the resistance line.
DIVISLAB FORMED DOUBLE BOTTOM ON DTFThe Price trading near strong and crucial support level of 2730. Price formed Double Bottom chart pattern near the support level. If price holds this level that we can look for short term upside.
If price breaks down the support level of 2350 than more fall can be see in next coming trading sessions.
4.25$ SupportDollar once again hit 4.25$ level which was resistance from 2016 to february 2022 when price went above and this way created support which was tested in may/june 2022, january/february 2023 and right now. It seems solid so I would expect 5$ level retest in the near future and that way creating double bottom on current support. But if price will go below 4.25 and the volumen will be significant it can fall down. On 12th April US CPI level is going to be published and on 14th April PL CPI. Having up-to-date information, I do not plan to open a position earlier than next week.
CHFJPY - BROKEN RESISTANCE 🔥HELLO TRADERS !
The CHFJPY Price Reached a Daily Support Level and 0.618 Fibonacci Retracement Level and formed a Double Bottom Pattern!
Currently, The 144.206/143.609 Resistance Level is Broken 🔥
The Broken Resistance becomes new Support Level ✔
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET: 146.550🎯
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FIL/USDT - POSSIBLE MOVE - SHORT!fil/usd looking bearish.
multi tf analysis.
short from 5.78$
target 5.3$ - 4.8$
USDJPY BUY ANALYSISON USDJPY I expect the market to shoot to the upside and give us a break&retest of the double bottom
DOGEUSDT | Wave Projection | ABC Pattern TP +60%Wave projection combined with price action and chart pattern trading signal
> After a sideway breakout of mega falling wedge - the price pattern breakout of MA200 and made 2 false breakdown with a doubled bottom formation.
> A potential ABC uptrend pattern now retesting MA200 confluent zone support at key volume profile POC and golden cross MA20x50.
> If breakout successfully - TP1 @ 0.618 retracement +60% , TP2 @ 1.0 of Wave A +100%+
> Pullback Entry S1: MA200 - 0.80, S2: 0.74, S3: 0.68
Gold is currently testing the neckline of a doublebottom patternOn the 4hr-1day charts we can see gold has broken up from a bull pennant. It is now finding resistance exactly at the top trendline of the yellow channel. This trendline also qualifies as a double bottom neckline. Based on the measured move target of the green bull pennant…price action should break well above the double bottom neckline which makes probability high that the double bottom bullish breakout will also be validated. Here on this current chart I have included both the measured move target for the pennant (green dotted line) as well as a rough estimate for the measured move target of the double bottom pattern (dotted yellow trendline) *not financial advice*
Ravencoin: Looking For A HeartbeatRavencoin has Bounced once from this Logscaled Gartley and failed to Breakout of the Channel and now maybe looking to come back down to the PCZ and hopefully hold on to a Double Bottom. However, before RVN can even come back down to the PCZ it must first breakthrough the Heartline of the Parallel Channel on which it currenly so happens to be resting. Due to a smaller Bullish Shark Visible on the 1 hour at it's current price level there is an elevated chance that RVN may not come all the way back down to the Gartley PCZ and instead confirm opt a Higher Low here at the Heartline to make a rush for the AB=CD targets of $0.21-$0.42
Here is a screenshot of the 1 Hour Shark For Reference:
T-notes Double BottomThe current chart pattern seen here resembles a bullish "W". Sort of like a double bottom . I'm guessing price will at least reach the 122 level. The W pattern signals the end of the long bear market that has lasted from 2021 to 2023 (2 years) as seen in the recent break in the 200 moving average.
RIVN swingtrade?Double bottom possibility.
I HAVE seen more and more of their trucks. And I won't lie = they are nice. Better than TSLA's...... ;) ;) ;). #rightnow... ?
Is INTEL CORP exhibiting signs of a major bottom?INTEL stock has been decimated the last few months, due to growing competition, decelerating revenue and decrease of dividend.
Is it dead though?
Here is what the chart is saying:
Big downtrend since April 2021. On October 2022, the stock has started a consolidation/base in form of a range between 24.90 and 30.85.
This range could be a bottom formation . See also the double bottom on the chart.
Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (31) could confirm a change of trend and a long trade/investment.
Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, it will be time to initiate a long position.
Note that there was a lot of institutional buying in February 2023.
On watch.
NASDAQ 100 to 13400Double Bottom with retest in form of a bull flag in combination with 0.5 Fibo. Double Bottom price target (13.400) also matches with Fibo extension.
of course no financial advice, trade on your own.
BYND - 50% GAINOn the chart, we can see a triple bottom for BYND, which is at its all time low.
Because of these facts, we expect a huge upside for BYND 50% gain from its current price.
RSI is showing a bullish divergence.
More details are shown on the chart.
Good luck!
XAUUSD : Gold demand zone long tradeOANDA:XAUUSD
Hi trader's , Gold as per our last analysis went down and hit all target's
Now Gold consolidating and making a potiential reversal pattern
'W' pattern is bullish reversal pattern , as after double bottom , buyer's can push market in upward direction
Once 20 and 50 ema resistance area clear , gold can move upto 1973 mark minimum
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BBCA >>> Double BottomBBCA is predicted to make a complete double bottom and going up to the last All Time High Level
#fibomic
#BBCA
Curve may see Double-Bottom vs BitcoinCurve has primarily been within a parallel downtrend on its logarithmic chart (3 day chart shown here). It broke above that channel and moved nearly a channels width above it, before breaking back down into the same trend. Often when we see a strong channel breakout that eventually falls back into the channel, crypto charts have a tendency to test a breakout on the opposite end. I've drawn channels of equal length above and below to illustrate this.
I'm expecting there is a decent chance this occurs again here, where we break down below the channel and move nearly a channels width below. This would put us in the same range as Curve's ATL vs. Bitcoin, and could stop there or move closer towards the full length of the channel, to have a slightly lower 2nd bottom on its double-bottom.
This is just an idea based on trends I've noticed in crypto. I didn't look for much confluence - but MACD is trending down and volume is still unusually low.
Should this actually happen, expect a strong move back up from the 2nd low or ATL. Short until then, long when it reaches the green box or near lower channel bottom.
USOIL - Double TOP 📉HELLO TRADERS💖
On The Daily Time Frame The USOIL Price Reached A Major Key Level !
Currently,on the 4h Time Frame The Price Formed a Double TOP pattern.
The Neckline is Broken🔥
So, I Expect a Bearish Move 📉
TARGET: 66.30🎯
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Weekly double bottom on BABA has tested its 200 ema and consolidated on that level prior to falling back to confirm the double bottom formation. The coming months for BA are going to be interesting. An overall price target for BA will be in the 275-278 area. I can see this catapulting past that with a minor retracement. These levels haven't been seen since Mar 2021. I am bullish on BA in the coming months, with a short-term bearish retest of the weekly 50 ema 183.86. The formation is invalidated below the yellow line
USDJPY I Potential buy off 4 hr support Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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$AXP - Long Trade Idea$AXP
This ticker popped up on my screener set based on strength.
As long price is above the swing high point created by the first low in a double bottom, target is $211.
No trade at the moment as I wait for potential pullback to 165/166 zone.
Noticeable pattern: double bottom
