Chibuike_Odoh

YFIIUSDT (YFII) - DOUBLE BOTTOM REVERSAL PATTERN

Long
BINANCE:YFIIUSDT   YFII / TetherUS
ANALYSIS πŸ”Ž
- YFIIUSDT is printing the double bottom pattern.
- This is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- The right bottom is supported by an ascending trendline support.
- Price is approaching the double bottom neckline resistance.

BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance.

TARGET 🎯
- Horizontal resistance level 1 (R1).

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.

Comments

well done ! :)
Reply
@g3ming thanks mate
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