Double bottom forming on the 1D. Wait for close above 2337. Let it retest the newly formed support. Get in after confirming volume. Target profit % same as the height of the bottoms.
Nice double bottom formed on the poundyen. looks like the pair has broken above the resistance and is on its second retest. Look for this pair to shoot off to the moon in the next couple of days. FX:GBPUSD
At the moment the coin looks optimistic, it can fluctuate in the range of 0.0000105-0.0000108, but has a high potential to break through resistance shown on the chart. The price is going to test upper edge of descending Triangle in case of success it will break through it and consolidate above resistance of Ichimoku clouds zone. Which will bring significant...
This analysis takes a quick look at the USDCNY on a Daily tf chart. The points noted on the chart are discussed below: (1) Major bearish trendline in the USDCNY (in color blue) that has been active since ~January 04, 2018 and was successfully tested on July 3, 2017. (2) This region marks indicates where the USDCNY is expected to find resistance on a breakout...
I am extremely long BTC should we see a double bottom. I will update this stance in the coming hours; however, this is something to be very excited about! This graph has continued to hold up well in this market and I am thrilled to finally see us get this low again!!
Best case scenario: The price continues going down to make a double bottom, deeper down than the last low (Daily Chart) but not too much deeper. A bullish divergence appears on RSI. The bollinger bands are already constricting, showing that something big is coming, normally we don't know in which direction but look at the RSI oversold peak and compare to the other...
Could Bitcoin go as low as 6962 for a double bottom reversal with its neckline at around 7586 ? Lets see...
Though is a counter-trend trade but is pretty well supported on D1 chart. Final target level on H4 consolidation area. To receive more Trade Ideas, follow me on Trading View
$BTCUSD The Crypto King is back, setting up nicely with a break of a three month descending triangle. -20 EMA Broken - Double bottom at $6.5k Now waiting for a volume reversal with a break through 11.5k ascending triangle resistance. Mainstream media, and institutional money will look for an entry with a break through $20k. We're just getting started! Cheers!
Our old friend ICX has been in a rather depressing downward spiral over the past week as it struggles to find a bottom. However, that time may have come. Couple of cues: 1) Double bottomed and bounced off the .382 fib retracement on the 2hr....typically a strong indicator of possible reversal and new impulse wave up. 2) Bullish divergence 3) Apparent attempted...
Dear Crypto friends, after some accumulation on the past days, BTC is coming back from mud and is building a very nice double bottom with bullish divergence and a RSI under bought. This is the perfect scenario to reach 8.6 - 8.8k during the next period, through an ABC wave movement. We are still in a bearish downtrend and therefore play low leverage and be...
hello guys, new idea on the aussie yen! We're looking for a potential double bottom then a buying chance. Eyes on that for next week! have a nice day, best regards docCDS
Potential double bottom trend reversal with LTC breaking out from falling wedge. Depending on what BTC does LTC may be a step ahead of BTC in trend reversal with BTC following close behind. This is a pair to keep an eye on in the near term as there is a great deal of positive news surrounding LTC in the coming week ahead.
- oversold on stoch rsi - close to oversold on rsi - W bottom forming Technically you should wait for the full 'W' to form before entering, but where's the fun in that. Easy scalp for a short term play. I'm holding it long. Just bored.
Its a double bottom pattern... Looking for bullish now.
It should bounce from the bottom and come back to at least 1.0 fibbonacci.
Market Analysis: The pair is now trading near the demand zone. Now it has formed a double bottom near the zone level. If the market is able to break the resistance and closes above 295. We can go for a long with a target of 315. So let's wait and see what the market does in the coming days. Cheers!
This coin chart is very different from the rest of altcoins. I marked channel and it is very obvious that the coin is trading in between theses two levels(yellowish rectangle). It is quite possible that the coin will reach highest high again in some time unless the channel will be broken and down trend will occur. I marked double bottom as well. I think SL...