Ondo attempting a double bottom breakout. Recently retested the neckline of the double bottom with a wick as exact support. Very probable it validates the breakout If so target is $1.248 *not financial advice*
Double Bottom
US30 to continue rise?Hi Guys, Its been a long time since ive posted. I hope everyone is killing it.
I have been away mastering US30, as you know I used to trade GJ and Gold mostly. So I am back. Watch this space for some fire analysis.
I have been in buys on US30 for almost the past 2 weeks. After a double bottom from the previous bearish market reversal from the week before.
It looks like we have completed 2 full levels of rise, and made a new high. This high was retested, so I think that we could see more rise on this pair for the rest of the week. While not disregarding the fact that we could have a pullback before the rise.
However I am in a buy with tight risk.
Arbitrum back to a DollarA distinct W pattern has emerged, leading to a breakout that has been both triggered and retested at the breakout level.
Here are the target levels for this straightforward technical setup for your enjoyment!
JUBLINGREA : DOUBLE BOTTOMNSE:JUBLINGREA has displayed a strong reversal pattern on the chart, forming a double bottom structure. This is a bullish indication, signaling a potential trend reversal. Today's price action has confirmed the breakout above the neckline, marking a critical turning point for the stock.
Technical Analysis:
Double Bottom Formation: The stock formed two distinct lows at approximately ₹643, showcasing strong support at this level.
Neckline Breakout: Today, the stock decisively broke above the neckline at ₹ 765, accompanied by increased volume, validating the breakout.
Entry: Enter near the breakout level at ₹765.
Stop Loss: Place a stop loss below the neckline at ₹ 733, ensuring protection if the breakout fails.
Jubilant Ingrevia's breakout above the double bottom neckline is a bullish signal, indicating a potential upward move. Traders can look to capitalize on this momentum, with well-defined entry, targets, and risk management. Monitor for sustained buying pressure to maintain conviction in the trade.
Disclaimer: This analysis is for educational purposes only. Always conduct your own research or consult with a financial advisor before making trading decisions.
US100 daily time frameGood morning traders, I have been quiet for a while, I hope everything has been going well.
My US100 daily tf analysis. I have posted the daily analysis on this pair before, hoever this is an update on how it is playing out. If you look at the left of the chart, you can see that market reversed after an uptrend(cant be seen) I want to point out the 3 levels that price moved down after this reversal(marked on the chart). After these 3 levels of retest and fall, The market then formed a massive double bottom, which was made up of 2 smaller double bottoms as shown on the chart. We have been buying this pair for over a month now, with sells in between(because market always has to retrace) So as it stands now, market had formed the double bottom on the daily time frame, so we are in for very strong buy, for the next few months if this reversal is respected as analysed.
Price at the moment has broken above the 200 and 800 ema resistance, making it a support. Price went down to retest that zone the day before yesterday, and yesterday it began the move up. So I expect buys on this pair, and will wait for the correct signal to enter, as I closed my sell trades yesterday from the day before.
SOL Breakout on the Horizon!SOL has been flashing some strong bullish signals lately. It formed a reverse head and shoulders pattern in August, with a classic cup and handle within. Then, in early October, a double bottom formed on the right shoulder of the reverse head and shoulders. Now, with candlesticks looking to break out of a bullish wedge, all signs point toward a potential breakout. The technicals are aligning, and significant gains are on the horizon.
2 bullish patterns breaking upward on IOTAA double bottom pattern and a descending triangle that are overlapping eachother on the 1day IOTAUSD chart have begun to breakout and climb towards their targets. Perhaps in part that is one of a select few of current iso20022 compliant cryptos *not financial advice*
SANDUSD heading towards the double bottom neckline/channel toptl It appears the gaming/metaverse cryptos have been awakened as they all appear to be getting a nice pump today while the rest of the market appears to be consolidating. Sand has a channel (in dark bluish purple) and a double bottom currently in play. The breakout targets for both are roughly in the same price zone. *not financial advice*
Cronos CRO In Trouble - BUY & HODLCronos can go bust, but even so, it's on Sale.
CROUSD / CROUSDT will go straight bull at one point.
So, I am still buying these poopy coins on each major fall they have.
Yeah, that's what I do.. putting my money into a black hole.
My next good BUY LEVEL: $0.03 .
Who knows, maybe I'll actually get rich.
My Technicals on CRO:
* Elliott Wave A-B-C Pattern
* Fibonacci Retracements
* Fibonacci Time Zones
* Double Bottom
* Cycle Analysis
* Bullish Divergence
Fibonacci Time Zones tell me that the beginning of '23 will be amazing!
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
Ripple XRP - The Banks Worst Nightmare - Beast ModeRipple ( XRP ) will put the banking system to the test.
Many attempts to shut down this "wonderful" coin have been made.
Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age.
It will take some time indeed, until it would be implemented in the systems.
All I can say is that, IMO, the Crypto Revolution is inevitable.
Anyway, let's get on with it and have a deeper look at Ripple.
XRP ( XRPUSD , XRPUSDT , XRPBUSD ) Tech. Analysis:
* Elliott Wave A-B-C Pattern: Cycle a-b-c (red)
* Ending Diagonal in Cycle C (red)
* 88.6 Fibonacci Retracement
* Bullish Divergence
* Demand Zone
* Double Bottom
There you have it! A trading set-up.
But where's the level bro?
Oh.. yeah, it's $0.175 .
Good luck you HODLer!
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done.
So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Super-Cycle (C) (turquoise)
* Harmonic Pattern: Bullish Shark
* Harmonic Pattern: Bullish Cypher
* Double Bottom
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Demand Zone
Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
Polkadot working on an invh&s and a double bottomThis inverse head and shoulders pattern almost got nullified when price starting heading back towards the head but since price never went below the head it’s surprisingly still in play. It also got low enough to the head to create a double bottom pattern n the process. The double botto pattern has an even higher neckline than the inverse head and shoulders and thus a higher breakout target. *not financial advice*
XDC working on a double bottom/invh&s combobreakerAfter some very bullish priceaction over on the 1day chart, coinciding with the 1day chart’s golden cross, :
XDC has now found itself above the weekly 200ma (blue line)show on this weekly timeframe man idea I posted at the top of this page. Once it can solidify support on the weekly 200ma it should then break above both the tan trendline(inverse head and shoulder neckline) and the green trendline(double bottom neckline) once it hits the top target for the double bottomsbreakout XDC will then have made over 800% gains since the bottom of the market where it was trading at just below 2 cents. Now that it has gotten the same daily chart golden cross springboard launchpad several other alt coins have gotten I think it will reach these targets sooner rather than later. *not financial advice*
XDC working on a double bottom/invh&s combobreakerAfter some very bullish over on the 1day chart coinciding with the 1day chart golden cross:
XDC has now found itself above the weekly 200ma (blue line)show on this weekly timeframe man idea I posted at the top of this page. Once it can solidify support on the weekly 200ma it should then break above both the tan trendline(inverse head and shoulder neckline) and the green trendline(double bottom neckline) once it hits the top target for the double bottomsbreakout XDC will then have made over 800% gains since the bottom of the market where it was trading at just below 2 cents. Now that it has gotten the same daily chart golden cross springboard launchpad several other alt coins have gotten I think it will reach these targets sooner rather than later. *not financial advice*
DGB blasts above double bottom target; invh&s now in play.Digibyte reached the double bottom breakout target and then some with yesterday’s big green candle. Now that it has spent the current daily candle consolidating, it has already consolidated long enough to make it so there is currently a valid inverse head and shoulders pattern in play on the 4 hour chart. If it takes a few more daily candles of consolidation before the next leg up then that inverse head and shoulders pattern will probably also qualify as a daily chart pattern as well. Digibyte has room for lots of upside, and now that I’m realizing it is a US based cryptocurrency, if Trump truly were to exempt US cryptos from capital gains tax, then I think it is a high probability digibyte could see new all time highs this bull run, which would mean tremendous upside from here. Even if digiibyte were simply to just trigger the breakout of this currently developing inverse head and shoulders pattern though, the target for that would almost double digibyte’s current value. So yes tremendous upside potential here. *not financial advice*
#ID/USDT Ready to go up#ID
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.4320
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.4428
First target 0.4547
Second target 0.4644
Third target 0.4746
XRPBTC chart working on a double bottom breakout. Current weekly candle on the weekly xrpbtc chart is holding support right on the neckline of this double bottom pattern. If this candle closes and still maintains the neckline as support, and the follow up candle also maintains that support that should likely validate the breakout at that point. f so XRP should continue to make gains against bitcoin in the near future. *not financial advice*
BAKKT gets the Trump PumpCrypto custody, trading, and on ramp solutions provider BAKKT just got a pump i price that sent it above the double bottom enckline thanks to Donald trump’s media company suggesting they want to acquire the platform. Bodes well for price flipping this neckline to support and valdating the double bottom breakout in the near future. *not financial advice*
Tezos painting a double bottom pattern on the weekly chart?XTZ just hit its previous breakout target and much like hbar proceeded to then fly right past it and keep pumping. We can see price action is now about to reach a potential double bottom neckline on the weekly chart here. Always a good chance after a pump like this price will end to consolidate a bit before getting a second wind needed to confirm the breakout of this pattern and head up to the next target, but being that we are now in the parabolic phase of the bull market and total2 chart is about to confirm a cup and handle breakout, we may see a much shorter period of consolidation before it does try to validate the double bottom patter than we normally would. If we can confirm the breakout around where I have arbitrarily placed the dotted measured move line Tezos could climb back to $2.50 and reclaim some of its previous glory. *not financial advice*
Bullish Double Bottom Pattern Tutorial: 4/8 Bullish PatternsGive me the description for a bullish double-bottom
A bullish double bottom is a powerful reversal chart pattern that signals the potential end of a downtrend and the beginning of an upward trend. Here’s how it forms:
Two Troughs: The pattern starts with a significant price decline, forming a low (the first bottom). The price then rebounds to create a peak (the middle of the "W" shape) but soon declines again to form a second bottom roughly at the same price level as the first bottom. This double bottom resembles the letter "W."
Neckline: The horizontal line that connects the peak of the middle rebound is called the neckline. This is a key resistance level that the price needs to break through to confirm the pattern.
Breakout: A breakout above the neckline, typically accompanied by increased volume, confirms the double bottom pattern and signals a potential trend reversal from bearish to bullish.
Price Target: The estimated price target for the upward move is usually determined by measuring the distance from the bottoms to the neckline and projecting this distance upwards from the point of breakout.
Traders view the double bottom as a strong indication that the previous downtrend has exhausted and the bulls are gaining control, leading to a potential significant upward movement.
HBAR breaking above channel/double bottom patternIt needs to flip the 1 day 200ma(in blue) to solid suppport before it can hit the full breakout target in my opinion. Canary Capital just submitted for an HBAR ETF so that is very likely helping bulllish momentum. *not financial advice*
