Long
NASBTC on ADAM & EVE path
The chart shows possible Adam & Eve double bottom pattern forming on BINANCE:NASBTC.
This formation is characterized by a sharp and deep first bottom on high volume (Adam). Then the stock usually bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by lower volumes.
It seems a simple 1.6x, let me know your vision on this chart!
TP in 4500-5000 zone
This formation is characterized by a sharp and deep first bottom on high volume (Adam). Then the stock usually bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by lower volumes.
It seems a simple 1.6x, let me know your vision on this chart!
TP in 4500-5000 zone
Note
SL triggeredTrade closed: stop reached
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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.