BTC double bottom, bulls stronger!Dear Crypto friends,
after some accumulation on the past days, BTC is coming back from mud and is building a very nice double bottom with bullish divergence and a RSI under bought.
This is the perfect scenario to reach 8.6 - 8.8k during the next period, through an ABC wave movement.
We are still in a bearish downtrend and therefore play low leverage and be safe with stop losses set below the support line.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
Doublebottomreversal
LTCUSD possible double bottom trend reversalPotential double bottom trend reversal with LTC breaking out from falling wedge. Depending on what BTC does LTC may be a step ahead of BTC in trend reversal with BTC following close behind. This is a pair to keep an eye on in the near term as there is a great deal of positive news surrounding LTC in the coming week ahead.
$waves short term reversal- oversold on stoch rsi
- close to oversold on rsi
- W bottom forming
Technically you should wait for the full 'W' to form before entering, but where's the fun in that. Easy scalp for a short term play. I'm holding it long. Just bored.
EDG quadruple bottom. Reversal incoming?It should bounce from the bottom and come back to at least 1.0 fibbonacci.
Vedanta-Double Bottom Near Demand ZoneMarket Analysis: The pair is now trading near the demand zone. Now it has formed a double bottom near the zone level. If the market is able to break the resistance and closes above 295. We can go for a long with a target of 315. So let's wait and see what the market does in the coming days. Cheers!
TKS unusual attempt to tradeThis coin chart is very different from the rest of altcoins. I marked channel and it is very obvious that the coin is trading in between theses two levels(yellowish rectangle).
It is quite possible that the coin will reach highest high again in some time unless the channel will be broken and down trend will occur. I marked double bottom as well.
I think SL around 2500 is a good idea as the pair might go lower and it is hard to say if it will ever go up
Neo potential double bottom reversal - target price ~$51.5NEO/USDT is showing a potential double bottom reversal. if it can break both labeled resistance lines, target price is ~$51.5 based on pattern projection.
one thing that could interfere with this is BTC and ETH dropping in price further, which seems likely; likeliness to interfere with this movement in NEO is uncertain. these 3 are all somewhat tied to each other in price movement.
trade at your own risk.