Invert the weekly YFI (Yearn Finance) chart and you'll start to see an Adam/Eve double-bottom that has dragged out following a breakout and multiple re-tests of its neckline. It has only ever reached halfway towards TP 1. Hold "above" 10.7k and get "above" ~4.4k to move towards targets: TP 1 - ~1750 TP 2 - ~705
Adam and Eve pattern forming during accumulation phase of Shib Curious to see what others think about this. This is the closest I have seen to this formation in any of the alts on the long list.
In this logarithmic chart, BINANCE:FLOWUSDT is forming an Adam and Eve pattern in which the price movement creates two bottoms, one indication of reversal for the coin's current downtrend. Will it happen in the next days or may not? To answer that, I'll provide continuous technical analysis for you in this idea thread below. Always PLAN your trades, secure...
FARM/BTC may be forming an adam/eve reversal pattern. It has a long way to go before confirming that and could head down further before turning up. OBV has been rising throughout its downtrend, and RSI has done the same - recently making a new low above 30, which is another indication of a possible reversal.
The DXY has broken its parabolic trend that it has been on for months now, forming a very clear Adam & Eve pattern. The measured move for this pattern indicates a highly likely break of the simple trend as well. (Yellow line) This could be very good for all asset classes for the short term. **This is my opinion, based on chart data. This is not financial advice.**
"Why is nobody talking about this?" "Have you seen this!?" "Why is no one paying attention to this?" "Wow I can't believe this!" "I'm IN!" lol, anyways A&D forming across Bitcoin and a lot of assets... V
The CPI numbers adding a lot of pressure during the re-test. If 6 USD holds the earlier idea is still valid.
Possible reversal in progress. By the looks of it 6 is the resistance and 5 is the support.
Last time I called an Adam and Eve Bottom was February 2019, that call worked out well. I'm seeing the same pattern play out now here. Volume profile confirms A&E with large spike on the Adam, and fall off on the rounding of the Eve. Breakout point/neckline is around $21,500, Measured move is around $26,500. Good luck.
If we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support. This is possible from fundamental analysis 1. more rate hikes for about three quarters 2. stock market has not bottomed out, there is support coming in, though 3. borrow protocols like celsius and 3ac who needs to be liquidated 4. 4 year cycle...
Adam & Eve on Daily Timeframe. Im expecting a bullish move toward 0.1500 if we close above the neckline Send IT!
Alerted to the pattern in comments. Looks like a good entry point with a retest complete. Feeling great about this.
INSANE run up, 670% in just 2days. It funny correction of just 25%... We could use both of these facts. The herd will continue to pump it, or we will see a massive dump... Adam&Eve at this point looks so interesting that I had to draw this. I am eager to see the next move. Careful with this one. Good luck traders
NFI just for education. Entry Price : 66.82$ Targets : 81.76$ - 88.25$ - 122.90$ If there is decline from 81.76$ take profit. SL : 65$
This formation coincides with Wyckoff Accumulation Schematic #2. I have a position average $23.64
BTC cup and handle or Adam & Eve scenario in this chart
Adam & Eve Double Bottoms: Bull Market Results Overall performance rank (1 is best): 17 out of 39 Break even failure rate: 12% Average rise: 43% Throwback rate: 67% Percentage meeting price target: 69% The double bottom confirms as a true double bottom once price closes above the peak between the two valleys. See the figure to the right. Without confirmation you...
AVAXBTC created an inverse Adam&Eve Pattern, and the price broke the daily support. The price wants to test the next blue (daily) support. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...