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Adamandeve

Adam and Eve Elliot Wave count on QuantWhat you see here is a Adam and Eve patten with a Elliot Wave count. 3 Trade to be taken: Wave: 2 Long: Wait on entry below current price: $142 to take profit on around $187. Wave 3 short: This one will be a short because of the Grab Harmonic. This short is risky due the Adam and Eve pattern. Entry short should be around $190. Wave 4: Long: Wait for the pullback of wave 3 for a entry on around $160 and aim for the target 5 which could be around $200 - $216. Wave 5: Short: Between $200 - $216 is a big resistance. Together with the wave 5 confluence for a correction wave it's a good opportunity for a short trade. Target should be $160. BINANCE:QNTUSDT
by Chahin073
2
What's the ADAM & EVE pattern? According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock 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. Price action congests into a tight range and the stock then breaks to the upside. The top of Eve marks an excellent entry point when broken. The resistance is often located along the top of the center retracement pivot. Sometimes they occur at the end of parabolic rallies. The opposite is true when the Adam and Eve formation identifies a top. Risk must be managed very carefully. Sometimes you might conclude that a bottom has been reached, only to discover that it's a breakout to new lows. Further, stop-losses must be applied with discipline. Don't stick around too long; the failure of this pattern will gain downside momentum quickly. Entry is not easy from the psychological perspective, because sentiment will be negative during this type of market action and volatility will be high. The potential for short-term profits is high, because the reversal, when successful, is explosive. Drep historical swings 👇🏽 Nov 19, 2021 Dec 16, 2021
DEducation
by Zivul33
4
ETHUSD above the necklines of 3 very bullish patternsNot only is ETHUSD’s price action currently above the neckline(tan trendline) of a descending inverse head and shoulder. It’s also above the neckline of 2 different double bottom patterns. (Green and yellow horizontal trendlines). The right shoulder of the inverse head and shoulder pattern is actually also a valid double bottom pattern on the 4hr timefram(daily time frame shown here instead of 4hr). Also, The head of the inverse head and shoulder and the right shoulder combined also create somewhat of an Adam and Eve double bottom, similar to the one playing out currently on cardano. We are only just now having price action poke its head above the inv h&s neckline though and since, as is usually the case, patterns rarely trigger their breakout on the first break of the neckline we could still see price action retrace below this neckline before the real breakout occurs. There’s always a chance this is the real breakout too though so the best thing to watch for on the initial neckline break is whether or not we getting any sort of major bullish impulse in the volume to help confirm an official breakout. I cou;d see a breakout fakeout going as high as to test the 200ma then get rejected and fall back below the neckline, before it finally has the break break above it. So we must remain vigilant. In the long run i think these patterns will confirm their bullish breakout eventually but am not yet sold on the current 1 day candle being the breakout candle just yet.
COINBASE:ETHUSDLong
by DrDovetail
Axie infinity got a triple bull storm brewing. Much like ethereum, Axie Infinity has an Adam and Eve double bottom, a larger standard double bottom, and an inverse head and shoulders all rolled into one. Unlike the ethereum inverse head and shoulders, the one here on axie may not be valid as it does appear that the right shoulder has a slight wick lower than the wick of the head…but if the inv h&s pattern on this one is not valid, we should still reach its target and beyond on the way to both of the double bottom targets… unless of course some major black swan event were to occur and cause a massive sell off. Barring that, probability is favoring the bulls on this one. *not financial advice*
FTX:AXSUSDLong
by DrDovetail
Cardano looks ready to trigger an Adam & Eve double bottomWe can see considerable amount of volume has accompanied the current big green candle that has broken above the Adam and Eve double bottom neckline here. This type of volume impulse usually signifies that a breakout of a pattern has been confirmed. However, this being only a 4hr timeframe, we must be prepared as always for the first breach of the neckline to potentially be a fakeout. For now though, it is looking like it wants to validate and head up to the $1.28 region.
COINBASE:ADAUSDLong
by DrDovetail
TLM/USDT Adam and Eve on TLM looking for a take off or at least To ideas that could play out and how I am looking at it. Adam and Eve formed looking for first time frame back test: Situaiton 1)) Current resistance around .10 which it hit.... I am assuming for a back test and will load up as my first load up area. But will be keeping a close on on second situation to happen Situation 2) We break above the .1 resistence (white line) and flip it to support... Thus we would break above to .115-.120 then back test to .1 range which I then load up more there. Once we break through .115 strongly then its off to the beaches I then keep a tght eye on price action... if we fall back below .1 then break out failed and it would be time to exit sit back and wait for the next opportunity. Nothing on the short option: I dont want to short any asset unless they have gone up 200-300% in less than a week
Long
by BlockchainBreakdown
$ZEC/USDT 3D (Binance Futures) Adam & Eve breakout and retestZcash is pulling back towards 50MA support where it is very likely to bounce and resume the up-trend. Current Price= 171.00 Buy Entry= 170.90 - 153.90 Take Profit= 227.44 | 305.44 | 420.52 Stop Loss= 129.65 Risk/Reward= 1:2 | 1:4.38 | 1:7.91 Expected Profit= +40.14% | +88.19% | +159.10% Possible Loss= -20.12% Fib. Retracement= 0.618 | 1 | 1.414 Margin Leverage= 1x Estimated Gain-time= 7 months Website: z.cash Contracts: #Mainnet #BEP20 0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb #BEP2 ZEC-93E
Long
by TradingOn
Three bullish patterns What Are Adam And Eve Chart Patterns? Adam And Eve chart pattern formed when one sharp V-shaped first bottom low is made on high volume. This is the first “Adam” bottom. Then the price bounces back higher but later goes lower a second time to create a second cup shape as a second bottom that is the “Eve” on decreasing volatility and a tighter price range. What Is an Ascending Channel? An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. What Is an Inverse Head and Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom," is similar to the standard head and shoulders pattern, but inverted, with the head and shoulders top used to predict reversals in downtrends.
Long
by Crypt0_Ninja
5
UMA moves slowlyI'm sorry for the messy chart, but I prefered to leave both patterns to make you understand. As you can see the breakout from the descending channel I had posted weeks ago is still happening but very slow as there are too many sells in the resistance area (purple rectangle). It appears clear from the VLPR (more yellow than purple in the histogram) and also from the behavious of the price itself. So basically, as soon as the people that wants to sell around 13 and 14USDT will finish UMA should be able to continue the breakout. When that will happen two possible ways will present: 1) a breakout from the descending channel (modest pump) 2) price will touch 14.5USDT to form an Adam&Eve pattern. If this happens price should reach 22.5-23USDT Now, I've a bag of UMA and I'm aware this token is underperforming my expecation, but if altseason will affect positively every good project then UMA should get enough volume to go over its ATH. However it's also up to the company which I think, it's no doing marketing in a very interesting way. I'd buy some if price will retest channel's upper band. Good luck
by Shotokhan