Chibuike_Odoh

BIFIBUSD (BEEFY.FINANCE) - POTENTIAL BUY ENTRY

Long
BINANCE:BIFIBUSD   BIFI / BUSD
ANALYSIS πŸ”Ž
- 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).

Comments

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