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Double Top or Bottom

PULSECHAIN can continue it's recovery...The chart shown is the EVM sidechain of Ethereum --- PLS / by ETH itself So as this chart produces Green candles. PLS is earning you more Ethereum and Red candles mean you are losing ETH value. For any ratio it is the same deal. i.e BTC/USD. Green equals more USD. RED = less USD. We have a clear bottom formation yet to truly break out. But almost there. As we have seen with other blockchains due to liquidity bonding. When the Native gas token goes up... the smaller altcoins on the chain start really flying
PULSEX:WPLSDAI_E56043.USDLong
by BallaJi
SILVER - Macro and Micro Outlook for 2024/2025I think we are seeing a new run in Silver about to happen on higher timeframes to be honest and I intend to be long on this when the opportunities arise. We should see next level up at $35. It has been chilling sideways for the better part of about 3.5 years I think? What a good consolidation period honestly. Intraday - Im liking the PA we got so far in Aug/Sept and I think we can find some bullishness into Q4 and ride that. If it turns it turns, dont hang onto a dead trade obviously but the odds are in favor of upside INVALIDATION -Breakdown below anything significant will be my invalidation and we will shelf this for another decade lmao
OANDA:XAGUSDLong
by Sykeee
"Double Bottom" in Silver Indicate a Future Price Increase?The current silver price (XAG/USD) is fluctuating around $28.50. The technical chart shows that silver has experienced a double bottom, indicating a potential reversal signal of the "Double Bottom" pattern, which may suggest a price increase over the coming period. However, based on the moving averages, the market remains in a downtrend. The current key support level is around $27.60. If the price retraces to this level and finds support, a rebound may occur. The key resistance level above is near $29. If the price can break through this resistance, it may continue to rise, breaking the upper boundary of the "Double Bottom" pattern and targeting higher levels. Currently, it is crucial to see if silver can successfully test the area around the psychological level of $28. If so, silver prices are expected to rebound and continue to rise, targeting above $29/$30. If the price breaks through the resistance area of $29.25 and closes above it, this will indicate a breakout of the "Double Bottom" pattern, with a target toward higher levels. Conversely, if the silver price falls below $27.25, it will indicate a breakdown of the support area, which may lead to further declines, targeting below $25.65. The silver market is currently at a critical technical turning point, and the formation and confirmation of the "Double Bottom" pattern and support level are crucial for potential upward momentum. However, investors should closely monitor changes at key levels and adjust their strategies accordingly to manage potential market volatility.
EIGHTCAP:XAGUSD
by financeporter
Gold Analysis==>>Double Bottom Pattern==>>Short termGold is near the Heavy Support zone($2,484-$2,431) and moving Support lines . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Double Bottom Pattern . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect Gold to rise to at least $2,518 . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
6
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ). EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline. GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe. GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe. EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
Short
by superlegit
LINKUSDT 1D Possible corrective patternLINKUSDT 1D Possible corrective pattern In the 1D time frame, all levels are magnified and corrections that occur in smaller time frames are insignificant. Levels to take into consideration: SL 9.80 This level is in line with the lows recently marked. SL1 8.50 Just below the bullish trend line and already recently reached. SL2 5.75 This would be a purchase and accumulation zone. TP 15 in case the 0.618 of the last bearish section is corrected before looking for the purchase zone at 5.75.
Long
by DeuXfi
"Market Resilience: $OM Holds at $0.90 Amid BTC Dip, Showcasing Market Watch: While CRYPTOCAP:BTC takes a hit, NASDAQ:OM stands strong and is still at 0.9$ holding very well. ➡RWA Focus: Real-world assets provide stability in volatile markets ➡Strategic Partnerships: Zand Bank, MAG, Novus Aviation add credibility ➡Regulatory Compliance: First to work with VARA in UAE ➡Community Support: Over 36% of circulating supply staked ➡Chakra Pool offering a good yield and growing TVL now at 2.5M$ MANTRA isn't just surviving the dip; it's showcasing its potential as a hedge against market volatility. This might be a sign of #MANTRA's growing strength in the #RWA space.
Long
by khashia_777
EUR/AUD SHORT Euro Weakness : The European Central Bank (ECB) is expected to maintain a dovish stance, with potential rate cuts extending into 2025 due to weak economic growth and persistent inflation concerns. This, coupled with fragile economic recovery in the Eurozone and political uncertainties in key countries like France and Italy, is likely to keep the Euro under pressure. Weak manufacturing data further adds to the downside risk for the Euro. Australian Dollar Resilience : Despite economic challenges, the Reserve Bank of Australia (RBA) maintains a tightening bias, which creates a favorable rate differential compared to the ECB. While weak commodity prices have affected the Australian Dollar (AUD), Australia's export-driven economy, particularly in metals and energy, may provide support if China's economy stabilizes. Additionally, the AUD could benefit from any improvement in global risk sentiment.
by kierianf
2
Double Bottom LongGood day traders, i hope you have been having a fruitful day. Lets get into it. This is an update on the NZDUSD setup that i uploaded a few days ago on the possible formation of a Double Bottom, and we clearly see that price has been respecting the setup. Price broke the Neckline of our Double Bottom , came back to retest the old Resistance(Neckline) as new Support as it continues Long(Bullish). It is up to you to find entries that accommodate your trading accounts, i will be hoping on this setup too.
Long
by madanhileeroy
1
LVMH: Bullish: Butterfly detected.LVMH: Bullish: Butterfly detected. The price could go down to the PRZ zone indicated on the right chart: 512 to start, then 388 if the Double top plays its role. This will therefore be a very interesting entry point for investors. Below: Some information about LVMH. LVMH (Louis Vuitton Moët Hennessy) is today the world leader in luxury and one of the largest French companies. Here’s a look at where LVMH stands today: Recent Financial Performance LVMH recently announced its third-quarter 2023 results, which missed analysts’ expectations This announcement caused a significant drop in the stock price, which is down more than 20% from its record highs Market Position Despite these mixed results, LVMH remains the world’s largest luxury company, with a portfolio of iconic brands including Louis Vuitton, Dior, Givenchy, Kenzo, Moët & Chandon and many others Structure and Values LVMH is a family-owned group founded in 1987. Its primary mission is to ensure the long-term development of each of its houses, while preserving their identity and autonomy. The group emphasizes creativity, innovation and excellence in all its products and services. Corporate Strategy LVMH's strategy is based on the vertical integration of its value chain, from raw material sourcing to selective distribution. This approach aims to ensure the excellence and sustainability of its products. Social and Environmental Responsibility LVMH is increasingly committed to ethical, social and environmental initiatives. The group places emphasis on adopting and promoting honest behavior in all its actions and relationships. Future Outlook Despite recent challenges, LVMH remains a solid company with long-term growth potential. , like any company in the luxury sector, it is sensitive to global economic fluctuations and changes in consumer habits.
EURONEXT:MCLong
by Le-Loup-de-Zurich
Monero (XMR) Bullish Setup?Some analysis on the Monero chart - Firstly the obvious (orange line) downsloping trendline going back to the May 2021 highs. This was broken in June 2023 with a retest in August '23 and another retest in Feb 2024 after the Binance delisting. This level became a double-bottom, forming a nice "W" bottom structure. The next significant level is XMR's current level at around $170-$175, level going way back to 2020. XMR has used this as support and resistance over the years, and has recently been coming up against it again. XMR has put in another, smaller "W" structure, which can be viewed as a form of cup-and-handle also. A measured move on the breakout of this level would be around $300 as shown. XMR has diverged quite a lot from BTC's price and makes it's own moves, so needs to be viewed as mostly independent.
CRYPTO:XMRUSD
by ronzo777
1