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Adamandevepattern

HNT bullish double bottom patternHello Traders, Here is a nice set up on HNT. This coin has been a consistent winner the times that I have been trading it and tends to be a big runner too when it gets moving. As of recently HNT has broken a large downtrend falling wedge, retested this trend and formed a reversal pattern of an Adam and Eve. This is a double bottom pattern with structure showing that the bulls have came in at a level they are buying at and bears are getting exhausted at the second attempt to break it down. Once the resistance is broken this would be a great entry point and the first target being the next resistance. If that resistance is broken you will be able to get a higher target out of this one. Keep in mind this is only my opinion and you should be doing your own due diligence in researching your investments. That said, I hope my idea has brought you closer to your own! Have a green week! Savvy
HLong
by Savvythe1
Adam & Eve Bottom on FET/BTC #Fet $FET #FetchAIYou can see we have developed what appears to be an Adam & Eve Bottom on our FET chart . What's an Adam & Eve Bottom you might ask? Let's look at our 12 hour chart and see! Our first bottom happened about a month ago with that sharp V formation you see with the red V . Many of us thought it was gonna be an Inverse Head & Shoulders pattern but Crypto can change quickly ! Not all patterns play out . But you can clearly see we've made another more rounded Bottom now at the same sat range . This is the Eve Bottom you see on the chart with the curved blue line under it. This is a Bullish pattern and I expect upside here. There is a Neckline area you can see on the chart in the 1200 area and this is an obvious target ( though there will be steps along the way ) , and will also take us up through the Ichimoku cloud ( and that's Bullish too . ) So an Adam & Eve Bottom will be a pattern involving a first V shaped bottom followed ( probably a month later ) by a more rounded bottom in the very near same price area but with a neckline rise in-between . The distance from the neckline to the bottom is how much you add on top of the neckline to get a target . And again we see a probable target area in the 1900 sat area . I would love to see that happen . Maybe by end of July we see this beautiful upward rise ! Let's see . Wishing all the best to the FET Community !
Long
by shimmeringpath
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