Tensor Perfect Bottom (Adam & Eve) Pattern (100% - 172% BU-Pot.)
Here we have a perfect Adam & Eve bottom pattern, which gives more strength to the potential for a reversal on this pair, Tensor (TNSRBTC), vs the pattern not being perfect.
In esoteric teachings, straight lines are masculine while curved lines are feminine. Maybe this is why this pattern is called Adam (Masculine —straight line) and Eve (Feminine —curved lines).
The first low being an inverted triangle while the second one is a rounded bottom. This pattern is highly accurate and we are using it to call for the reversal of this pair. There is also a higher low in place.
This chart is very young so we can't go into much theory nor look at how this pair behaved in the past. The younger the chart, the less accurate the patterns and signals.
Still, the price action is a classic and something that has been repeating on hundreds of pairs that are already more advanced. That is, they went through exactly the same pattern; consolidation leading to a bearish impulse, after the impulse a reversal pattern followed by bullish growth. This one is set to enter the bullish growth phase.
These are easy targets on the chart.
Namaste.
In esoteric teachings, straight lines are masculine while curved lines are feminine. Maybe this is why this pattern is called Adam (Masculine —straight line) and Eve (Feminine —curved lines).
The first low being an inverted triangle while the second one is a rounded bottom. This pattern is highly accurate and we are using it to call for the reversal of this pair. There is also a higher low in place.
This chart is very young so we can't go into much theory nor look at how this pair behaved in the past. The younger the chart, the less accurate the patterns and signals.
Still, the price action is a classic and something that has been repeating on hundreds of pairs that are already more advanced. That is, they went through exactly the same pattern; consolidation leading to a bearish impulse, after the impulse a reversal pattern followed by bullish growth. This one is set to enter the bullish growth phase.
These are easy targets on the chart.
Namaste.
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