As seen on the chart, here is a double bottom pattern (the W pattern).
Here is a weekly chart. As seen on the chart, price reached $370 on 18th December 2017, came down to $25.619 on 3rd December 2018.
Price left $25.619 and went to $147 on 17th June 2019.
On 9th March 2020, price was back to $25.619 again, broke the resistance line on (28th December 2020) and turned it to support which signals a double bottom pattern.
Since then, price has been moving high, most likely to $370 again.
Therefore, I expect price to break $229 first, followed by $314, $348, and hit $370 to complete the double bottom pattern.
Watch out🔥🔥
What do you think?
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Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
Here is a weekly chart. As seen on the chart, price reached $370 on 18th December 2017, came down to $25.619 on 3rd December 2018.
Price left $25.619 and went to $147 on 17th June 2019.
On 9th March 2020, price was back to $25.619 again, broke the resistance line on (28th December 2020) and turned it to support which signals a double bottom pattern.
Since then, price has been moving high, most likely to $370 again.
Therefore, I expect price to break $229 first, followed by $314, $348, and hit $370 to complete the double bottom pattern.
Watch out🔥🔥
What do you think?
Share your opinion in the comment section.😇
Please support this idea with LIKE👍 if you find it useful.🥳
Follow me to receive more contents like this.🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
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.
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.