🔍 Technical analysis: Formation of a Double Bottom pattern in a descending channel
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WUSDT It is moving in a descending channel on the daily time frame.
🟢 In the Buyer Zone, by forming a Double Bottom and a candlestick pattern, it can continue its growth in the first step to the first supply zone.
🟢 If an inverted head and shoulders pattern is formed in the supply zone, it can continue its upward trend to the next supply zone.
🟢 Therefore, if the Buyer Zone is maintained, an upward trend in the form of a three-wave up to the 40 cent range is expected.
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📣
WUSDT It is moving in a descending channel on the daily time frame.🟢 In the Buyer Zone, by forming a Double Bottom and a candlestick pattern, it can continue its growth in the first step to the first supply zone.
🟢 If an inverted head and shoulders pattern is formed in the supply zone, it can continue its upward trend to the next supply zone.
🟢 Therefore, if the Buyer Zone is maintained, an upward trend in the form of a three-wave up to the 40 cent range is expected.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
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Related publications
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.