NASBTC on ADAM & EVE path
Updated
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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