There is a potential double bottom IN ETHUSD 4h but!?!?
In ETHUSD 4h
It broke out short term downtrend and there is a potential double bottom pattern.
The double top and bottom have the same neckline and this area is the strong resistance .
There are 2 type to break out
1.Break out after a bumpy ride
2.Break out with high volume
There is bumpy in 15M and we can look for breaking out in short term .
It still have downtrend from higher high and we need to take profit at the resistance.
Resistance area :Fib 1.272~1.382(3321.95~3380.75)
It broke out short term downtrend and there is a potential double bottom pattern.
The double top and bottom have the same neckline and this area is the strong resistance .
There are 2 type to break out
1.Break out after a bumpy ride
2.Break out with high volume
There is bumpy in 15M and we can look for breaking out in short term .
It still have downtrend from higher high and we need to take profit at the resistance.
Resistance area :Fib 1.272~1.382(3321.95~3380.75)
Bybit Sign up: reurl.cc/5qRreq
Telegram 聊天群
t.me/cryptorextalk
Discord:
discord.gg/E5ffrbK9j7
過去的技術分析影片 Youtube channel
reurl.cc/vDrADA
Telegram 聊天群
t.me/cryptorextalk
Discord:
discord.gg/E5ffrbK9j7
過去的技術分析影片 Youtube channel
reurl.cc/vDrADA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.