PEOPLE | Adam & Eve Pattern
Updated
The chart shows a bullish Adam & Eve pattern, a well-known reversal formation that indicates a potential shift from a downtrend to an uptrend. The "Adam" part of the pattern is marked by a sharp, V-shaped decline, while the "Eve" part follows with a more rounded bottom, reflecting a gradual recovery. The price has recently drop from its neckline, breakout creates a bullish signal. Long position can be consider at $0.084. If the price holds above the neckline, there’s a strong potential for it to rise towards the target of $0.13, offering a favorable risk-to-reward ratio with a stop-loss placed at $0.0686 to minimize downside risk.
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