DOUBLE BOTTOM PATTERN FORMING
Updated
Double Bottom Pattern is Signaling a Buy on Hydra!
The Double Bottom is also called the BIG WINNER, because it forms a W on the chart.
I expect HYDRA CHAIN (on the 1 Day Chart), to continue bullish until we reach top of the parallel channel before breaking out to resistance at $3.60+.
One Key Target area to watch as we approach the neckline & top of parallel channel @ $3.20, we must close candle above $3.20 to signal a breakout.
When this happens, we will surely have a retest of $3.60 before continuing with higher highs.
FUN FACT:
HYDRA also has a 40% Staking Incentive that is hard to pass up that will compound daily when you reinvest your staking rewards. That is 0.1% in Hydra/day & Compounded Daily. As a traded security, you have the amazing potential of having those percentages exponentially increased.
KEY TAKEAWAYS:
>The double bottom looks like the letter "W". The twice-touched low is considered a support level.
>The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Remember to DYOR and Happy Trading!
The Double Bottom is also called the BIG WINNER, because it forms a W on the chart.
I expect HYDRA CHAIN (on the 1 Day Chart), to continue bullish until we reach top of the parallel channel before breaking out to resistance at $3.60+.
One Key Target area to watch as we approach the neckline & top of parallel channel @ $3.20, we must close candle above $3.20 to signal a breakout.
When this happens, we will surely have a retest of $3.60 before continuing with higher highs.
FUN FACT:
HYDRA also has a 40% Staking Incentive that is hard to pass up that will compound daily when you reinvest your staking rewards. That is 0.1% in Hydra/day & Compounded Daily. As a traded security, you have the amazing potential of having those percentages exponentially increased.
KEY TAKEAWAYS:
>The double bottom looks like the letter "W". The twice-touched low is considered a support level.
>The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Remember to DYOR and Happy Trading!
Note
Turned into a Triple Bottom "SO FAR". Should find more traction soon. I see this asset catching some whales soon.
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