Partisia Blockchain starts to move in upward trendHello traders, I want share with you my opinion about Partisia Blockchain. Looking at the chart, we can see how the price some days ago declined to the resistance level, which coincided with the seller zone and soon broke this level. After this, MPC made the double bottom pattern, after which turned around and made a strong upward impulse higher than 0.3900 level, breaking it again. But later, the price turned around and declined to the seller zone, where MPC some time traded very close to the 0.3900 level and soon broke this level again. After this, the price entered to symmetrical triangle, where Partisia Blockchain at once made a downward impulse from the resistance line to the support line. Soon, the price turned around and rose from the support line higher 0.2620 support level, which coincided with the buyer zone. Later MPC declined to this zone, after which it at once rebounded up to the resistance line, but soon price rolled down to the support line of the triangle. A not long time ago MPC bounced from this line and now it trades close to the resistance line of the triangle, so, for this case, I think Partisia can exit from the triangle, and then make a retest. After this movement, MPC can continue to rise to the resistance level, and when the price reaches this level, Partisia Blockchain will break it, make a retest, or at once continue to move up. So, for this reason, I set three goals: 1-st TP at 0.3900 resistance level, 2-nd TP at 0.4920 points, and 3-rd TP at 0.6650 points. Please share this idea with your friends and click Boost 🚀
Double Bottom
Banking Stock - Keep An Eye - BANKBARODA📊 Script: BANKBARODA
📊 Sector: Banks
📊 Industry: Banks - Public Sector
Key highlights: 💡⚡
📈 Script has given breakout of Double Bottom pattern but didn't sustain keep an eye on it we may see good rally.
📈 One can go for Swing Trade above 284.
BUY ONLY ABOVE 284
⏱️ C.M.P 📑💰- 281
🟢 Target 🎯🏆 - 311
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
MKR FORMING ADAM AND EVE PATTERNBINANCE:MKRUSDT forming an Adam and Eve or a double bottom, indicating a bullish pattern. Currently approaching on the neckline more details on the idea threads below. Stay tuned for updates.
NZDCAD - 1D - DOUBLE BOTTOMS - LONGIn this chart we have observed LH & LL and at the bottoms we have bottoms almost equal LL's . which gave us the sign of potential breakout if it breaks the neckline, which is our entry area.
what you say about that.
PERPUSDT: Bullish Engulfing at 200 Moving Average and SupportPERP has Bullishly Engulfed above a major Support/Resistance Level and looks to be forming a Double Bottom of sorts with Bullish Divergence on the MACD. If it plays out we could very well see higher highs and may actually see a macro Bullish Breakout of an even bigger pattern of higher lows and higher highs on the Weekly, but for the time being I'd just want it to try to recover the range highs of the daily Double Bottom.
Celo (cgldusd) Weekly chart indicates the double bottom breakout. . .has been validated. Now jsut waiting for price action to head to the full double bottom breakout target. In the current price zone, a mild correction before reaching the full target wouldn’t surprise me. In doing so it would help it create an inverse head and shoulders for its follow up bull pattern. Also a chance it just skips the correction and heads straight to the full target first. Either way I expect the target to be hit. *not financial advice*
It appears that the metaverse & gaming cryptos are waking up. Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line represents th target if the slightly lower top trendline is the more valid top trendline of the channel, and the dotted yellow line represents the breakout target for if the highest of the potential top trendlines of the channel is the more valid one. Often times they both end up being validated. The dotted dark bluish purple trendline is the measured move for when sand breaks above the top horizontal bluish purple neckline which is the neckline of the double bottom pattern its currently printing on the chart. *not financial advice*
Galas next targets If the overall market is done w/ correction This bull flag target and then slightly above that is the double bottom breakout target. Price action seems to already climbing up the measured move line of the double bottom breakout so that’s a good sign that a breakout could get validated soon. Could definitely still correct back below the double bottom neckline once or twice first though if the bitcoin correction isn't over yet. *not financial advice*
$SPY 4hr double bottom could push it to trend/monthly resistancePossible double bottom here. Watching for a continued push to the trend line and major monthly resistance.
Low risk entryAfter this sell off a bunch of great entry points came up. I found this one, risk reward is very low, and is about to break out. I don't think is goin to take much longer. The price just landed on a strong support zone, it will bounce any time soon.
ETH/USDT BULLISH PATTERN! READY TO GO UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH/USDT Update.
ETH/USDT is forming a bullish Adam & Eve double bottom pattern, suggesting a potential trend reversal towards higher prices.
Analysis:
Adam's Cup: We see a clear downward movement followed by a rounded bottom reversal, forming the left cup of the Adam & Eve pattern.
Eve's Cup: The price is completed with a similar rounded bottom, potentially forming the right cup (Eve's cup) of the pattern.
Neckline: A trendline can be drawn connecting the lows of both cups, forming the neckline. A breakout above this neckline is already done and it is a bullish signal.
Indicators:
Moving Average: The price is also breaking above the 100D moving average.
Target:
The measured move target for the Adam & Eve pattern would be the height of the first cup (Adam's cup) added to the breakout point above the neckline.
Stop Loss:
A stop loss can be placed below the neckline for risk management.
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AUDNZD - Double BOTTOM 🚀Hello Traders !
The AUDNZD Failed To Break The Support Level.
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
So, I Expect a Bullish Move📈
TARGET: 1.09260🎯
NEOUSD: Breaking Above the 0.886 within a Massive Double BottomNEO has formed a massive Double Bottom structure that has been in development since late 2018 and now nearly 6 years later is attempting to NEO has once again claimed the 21-Month SMA as support and aims to break back above the 0.886 Fibonacci Retrace. If it is successful in this we could see this be the start of a massive move to the upside, capable of taking it all the way up to as high as $140 a maybe even higher after that, though there may be a bit of resistance up at $56 level first as that aligns with the 0.618 and historical horizontal resistance.
I saw this one comingA massive double bottom apparently is forming out here. As you can see the price has tried to break the 75 level a few times before. Now is going to try again and is pushing with a lot of volume this time. I have a long position here. It may take a few more weeks to consolidate before break out. But it is worth the waiting.
SOL - Adam & Eve Double Bottom Confirming 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 Adam & Eve double bottom pattern is a bullish reversal pattern that has been identified on the SOL Intraday price charts. Initially, SOL experienced a sharp decline from $180 to $155, forming the 'Adam' part of the pattern. This was followed by a more gradual, rounded decline over the next 10 days, forming the 'Eve' part of the pattern. This pattern suggests a potential reversal from the previous downtrend.
Potential Market Implications
The resistance level at $155 is pivotal for SOL's short-term price movement. A breakout above this level could confirm the bullish reversal indicated by the Adam & Eve pattern, potentially leading to a price target of $186. Statistical analysis suggests a 69% probability of reaching this target upon successful breakout.
Strategic Considerations
Investors and traders should consider the breakout above the $155 resistance level as a key signal for potential entry. It is advisable to wait for confirmation of the breakout before making any trading decisions. As always, it is important to consider other market factors and conduct a comprehensive analysis before entering any positions.
Adam & Eve Trading Tips
1. Measure Rule Calculation:
- Identify the highest peak (A) and the lowest valley (B) within the Adam & Eve double bottom pattern.
- Calculate the height difference between point A and B.
- Multiply this height by the 'percentage meeting price target.'
- Add the result to the breakout price at point A to determine the price target (C).
2. Price Reversal Requirement:
- Ensure there's a significant decline leading to the double bottom; minor declines typically result in minor rises.
3. Big W Pattern:
- Favor double bottom patterns with a steep, tall left side (Adam) and minimal price consolidations during the decline.
- Anticipate the price to rebound close to the level where the downtrend initiated.
4. Confirmation Necessity:
- Wait for the price to close above the peak between the two bottoms for confirmation.
- Without confirmation, there's a 48% chance the price will continue to decline.
5. Handle Formation:
- After confirmation, watch for price fluctuations forming a 'handle.'
- A breakout from this handle typically signals a strong upward trend.
6. Flat Base Indicator:
- A significant rise is likely if the double bottom follows a long, flat base.
- Use weekly charts to identify the flat base, resembling a pothole on a road.
7. Trend Impact:
- Double bottoms following a short-term decline tend to perform best post-breakout.
8. Proximity to Yearly High:
- Patterns showing breakouts within a third of the yearly high exhibit the best performance.
9. Volume Trend:
- A declining volume trend leading up to the breakout suggests favorable post-breakout performance.
10. Throwbacks Warning:
- Be cautious of throwbacks after the breakout, as they can negatively impact post-breakout performance.
Conclusion
The Adam & Eve double bottom pattern observed on the SOL chart indicates a potential bullish reversal. The upcoming resistance level at $155 is critical, and a breakout above this level could signal a significant upward movement for SOL. Investors and traders should monitor these developments closely and plan their strategies accordingly.
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Strong Buy Petronet cmp 214, target 300, Timeframe 1 month.Petronet is into developing, designing, construction, operation of owned and import Liquified Natural Gas(LNG) terminals in India.
The company is in the niche business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for 40% of gas supplies in the country and handles ~75% of LNG imports in India. The company's major customers are GAIL, IOCL and BPCL.
Petronet LNG has pioneered the concept of consumption of LNG as liquid ONLY in long distance heavy duty trucks and inter city buses. Small Scale LNG (SSLNG) includes supply of natural gas in the form of LNG to small consumers through unconventional transportation methods like trucks, small vessels etc
Petronet is taking initiatives for promoting environment friendly LNG as a fuel in road transportation. It has commissioned India's first LNG dispenser stations inside Dahej & Kochi LNG terminals and has also commissioned the first commercially approved LNG powered buses of the Country.It has signed MOU's with IOCL, Indraprastha Gas Limited, Sabarmati Gas Limited, State Roadways Corporation like KSRTC for running few buses on LNG and establishing LNG dispensing stations at their locations.
Petronet LNG is planning for construction of LNG regasification terminal at Bangladesh. It has submitted detailed feasibility report for construction of storage and gasification terminal in South Andaman. Similarly it is planning for setting up a Floating storage & regasification terminal at Colombo, Sri Lanka along with Japanese consortium.
Petronet is planning for expansion of the capacities at Dahej Terminal to 22.5 MMTPA from the current 17.5 MMTPA.
Key Ratios:
ROCE - 26.6 %
ROE - 22.8 %
EPS - ₹ 22.7
Dividend Yield - 3.27 %
Debt to equity - 0.20
Price to book value - 2.00
Stock P/E - 9.44
Industry PE - 18.1
Conclusion:
With such a high ROCE and good dividend yield, Petronet is just trading at PE of 9.44 which is considerably undervalued as compared to Industry PE of 18. Technically the stock is poised to give a sharp movement upside as it started rising from strong support zone which is a double bottom pattern and the trend bullish structure is intact. Earlier the breakout of trendline is acting as as support. Trendline connecting lows was taken out for a few days only to grab a liquidity and exit weak hand and to retest strong support levels and from there it has risen sharply with high volumes and it iss again above lower trendline indicating a sharp reversal and good momentum to follow in coming days. The target expected is 300 in timeframe of 1 month which comes to 40% return in just 1 month.
An update on the bitcoin dominance charts double bottom patternWe can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the double bottom breakout target giving us some nice bullish confluence to increase the probability of hitting the full target of about 57.18%. Once bitcoin reaches this level, it would not surprise me if thats when alt really start to pump afterwards. We shall see soon enough if that will hold true. *not financial advice*
Double Your Winnings: Capture the Perfect Bounce with the DoubleA technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support.
A high accompanying volume validates the signal and often triggers a significant price rise. Savvy traders measure the amplitude of the "W" to predict the potential upward trajectory.
Understanding and acting on the basis of the Double Bottom can open the doors to calculated trading opportunities. It is the integration of technical analysis and risk management that will make you a savvy crypto trader, capable of capturing the wave before it takes off. Ready to turn analysis into action?
#AUDJPY bullish possible continuation movePrice has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA.
Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern.
These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
EURNZD - New Breakout 🚀Hello Traders !
On Wednesday 21 Feb, The EURNZD Reached a Support Level.
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
Moreover, The Resistance Line is Broken !
So, I Predict a Bullish Move📈
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TARGET: 1.81620🎯
CHFJPY - Double Bottom 📈Hello Traders !
On Wednesday 27 March, The CHFJPY Reached The Support Level (166.798 - 167.394) and Failed To Break it !
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
So, I Expect Bullish Move 📈.
TARGET: 169.220🎯
GBPJPY Double Top Pattern Formation ShortWe expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline which further supports our directional basis.
I'm expecting from BTC to 'crash' a 100%.I'm expecting price to 'crash' a 100% (till 40K) before the real breakout plays out.
DONT GET FOOLED BY THE HYPE IF PRICE HAS REACHED 80K!
BINANCE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT
