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Double Top or Bottom

CDSL – Rounding Bottom Breakout After DowntrendSummary CDSL has broken out of a multi-month rounding bottom formation, reclaiming the key resistance level near ₹1396 with a wide-range candle and strong volume. This move may signal the start of a trend reversal after a prolonged downtrend. If the breakout sustains, the projected target based on the depth of the base is around ₹1609 — approximately 24.5% upside from current levels. Technical Highlights Pattern: Rounding bottom (not a classic cup since no prior uptrend) Breakout Level: ₹1396 Target: ₹1609 (based on breakout projection) RSI: Rising to 66+, showing strengthening momentum Volume: Highest in weeks, suggesting accumulation Strategy Entry: On breakout or retest of ₹1396 Target: ₹1600–1610 Stop: Below ₹1385 Disclaimer This analysis is for informational and educational purposes only and should not be considered financial advice. Please conduct your own research and consult a qualified financial advisor before making any investment decisions.
NSE:CDSLLong
by eggubonda
Monero: The Hidden Signal of AltseasonMonero: The Hidden Signal of Altseason — A Fractal Reversal Confirmed Across Markets and Timeframes While the market is still chasing noise from meme tokens and hype narratives, Monero (XMR) is silently building one of the cleanest structural setups I’ve seen this year. And it’s not just happening on one chart — this setup is being confirmed across multiple timeframes, pairs, and fractal levels. 1. XMRBTC (Weekly): The Foundation Is Set On the weekly chart of XMRBTC, a classic double bottom has already formed. The neckline — aligned precisely with the 100-period moving average (MA100) — has been broken and successfully retested. This kind of structure, especially on a long-term timeframe, often marks the initiation phase of a new market cycle. This is exactly the type of pattern I focus on in my proprietary approach: Fractal Reversal Law (FRL). The essence of FRL is that every market phase ends with a reversal pattern, where the neckline is flat and usually anchored to the origin of the last impulse — often near MA100. This pattern here is textbook. 2. XMRBTC (H1): A Smaller Echo of the Same Structure Zooming in, we see an almost identical reversal structure forming on the H1 chart of XMRBTC. A minor correction inside a broader uptrend created another double bottom. The neckline? Again — MA100. This structure mirrors the weekly pattern, just at a smaller scale — a direct confirmation of the fractal nature of reversals, a core component of FRL. The significance here is not only in the pattern itself but in where it appears: right at the retest zone of the weekly breakout. 3. XMRUSD: Fibonacci Precision Meets Structural Logic In the XMRUSD pair, we see further confirmation: • Price made a strong upward impulse • A correction followed, landing precisely at the 61.8% Fibonacci retracement • A reversal formation is now visible on H1 • Neckline again aligns with MA100 • A bullish MACD divergence confirms momentum shift This reinforces that the reversal we’re observing is not isolated. It’s happening across both BTC and USD pairs — a rare form of intermarket confirmation. 4. Reversal Against BTC = Signal and Context From a broader view, a structural reversal against BTC is never a coincidence. It often signals more than just technical bounce — it suggests that: • The alt is starting to outperform Bitcoin • The background trend in BTC is supportive, not restrictive It’s difficult to imagine a double bottom structure against BTC completing successfully during a strongly bearish phase in Bitcoin. So, the pattern itself implies the context — that BTC is either stable or trending upward. In this case, we’re not just spotting a reversal — we’re identifying the start of a sector rotation. 5. Fundamentals Matter — and Monero Delivers While the structure is strong, Monero also holds weight fundamentally: • It’s the most established and respected privacy coin, with real cryptographic innovation (ring signatures, stealth addresses, bulletproofs) • It has resistance to ASIC centralization, fair emission, and a loyal dev community • In an age of increasing regulation and surveillance, privacy coins may regain strategic importance It’s not driven by hype, and that’s exactly why it might lead the next structural altseason. Conclusion: Structure Is the Signal What we’re seeing here is more than a pattern — it’s a fractal, multi-asset confirmation across timeframes. • Weekly double bottom on XMRBTC • Intraday reversal at the retest zone • Fibonacci-aligned reversal with MACD divergence on XMRUSD • MA100 acting as a dynamic neckline across all timeframes Fibonacci Targets: Where Can Monero Go from Here? If this setup plays out as expected, price targets can be projected using Fibonacci extension levels from the latest bullish impulse on the XMRBTC chart. The key levels are: • 0.005 BTC — initial target based on the 1.618. • 0.0077 BTC — corresponds to the 2.618. • 0.010 BTC — round psychological level and the 3.618 . These levels are not just mathematical — they also align with historical liquidity zones and may act as key take-profit areas during the next wave of the trend. Each target should be monitored in the context of Bitcoin’s overall market behavior. But if the current FRL structure truly marks the end of an accumulation phase, Monero has room to move significantly higher. This is a textbook FRL alignment, and one of the strongest multi-dimensional setups I’ve seen recently.
Long
by borschenkovitc
2
6/2 Gold Analysis and Trading SignalsGood evening, traders! Gold surged more than $70 today, reaching an intraday high of 3363. If you held short positions from last Friday’s close based on my plan, I hope your SL protected you from major losses. 📉 Technical Insight: The rapid rally has triggered overbought signals and correction pressure Watch for pullback support levels at: 3342 3328–3321 zone If these hold, price might retest 3400 tomorrow 🎯 Trading Plan: 📉 Sell around 3360–3372 (with tight stop) 📈 Buy near 3328–3318 (if price stabilizes) 🔁 Scalp zones: 3332 / 3338 / 3343 / 3352 / 3366
FOREXCOM:XAUUSDLong
by China_MsWang
$UNI - $10 from here?Hi guys! 👋🏻 🔔I'll be trying this setup for Uniswap 🔔 We have bounced from the strong support at $4.80, which we retested in April 25 and May 7 forming a pattern impersonating a double bottom 🔔 With the current chart pattern and levels, I'll be expecting a jump with a target on $10. 🔔 Might drop to $5.70 before another move upwards. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
GEMINI:UNIUSDLong
by azizelliott
1
Double Reject @ March Resistance Spells Good News For GJ BearsOANDA:GBPJPY struggles to reach Higher Prices then that of the High created on March 27th and leads me to believe we could see a Double Top Pattern in the making! Confirmation of the Pattern will come when: 1) Price declines back to 191.877 & 2) Makes a Breakout of the Confirmation Once the Pattern is Confirmed and Breakout is Validated: - This should deliver great Short opportunities as a Double Top Breakout & Retest Set-up!
Short
by Novi_Fibonacci
GBPCAD Counter-Trend SELL(Weekly) - Price hit previous extreme high at (1.85932 - 1.87820) and was rejected forming double top neckline at (1.81470 - 1.80561) . (Weekly) - Previous Week Candle Close is Shooting Star showing sellers taking action at Key Resistance level. (Daily) - Price formed double top inside our resistance level at (1.85932 - 1.87820). (Daily) - Price broke double neckline at (1.85533 - 1.85774). (H4) - Price was in distribution at (1.86602 - 1.85774). (H4) - Rising Trendline that price broke connecting (1.80561 - 1.86011). Trade Entry. (H4) - Wait for price to retest our daily double top neckline & low of the distribution at (1.85533 - 1.85774) to join the reversal. (H4) - Take profit at Weekly Double Top Neckline at (1.81470 - 1.80561).
Short
by Victor_Kinyanjui
1
TOTAL 2 Analysis (6H)The TOTAL2 chart — representing the altcoin market cap excluding Bitcoin — currently shows signs of weakness. A double top formation has emerged and is actively playing out. In addition, a micro trend change of character has clearly appeared, further validating short-term bearish pressure. Technical Observations: Price recently retested a broken support level and failed to reclaim it — a typical bearish confirmation. In such scenarios, it’s common for the price to decline at least the depth of the double top formation. However, it’s important to note that macro trend indicators still remain bullish, so entering aggressive short positions is not advised. Instead, consider setting alerts at the key reversal zones marked on the chart — these levels are likely to trigger a strong rebound. If TOTAL2 breaks above the $1.23T resistance, this double top analysis becomes invalid. — Thanks for reading.
CRYPTOCAP:TOTAL2Short
by vs_sayin
Double Top Alert: SOLUSDT Setup Screams ReversalYello Paradisers, will you act like a pro and prepare for the next clean short opportunity on #SOLUSDT, or will you fall for the same breakout trap again just before the market punishes greed? 💎#SOLUSDT is displaying a textbook double top formation just under a well-respected resistance zone. This kind of structure is no joke—it’s a consistent precursor to sharp downside when liquidity gets taken from retail longs who are too eager to buy high. The market rarely gives second chances. What you’re looking at now is one of them. 💎Price has printed a double top around the $185 to $188 region. That zone has repeatedly acted as a ceiling, and buyers have failed to maintain any strength above it. The lack of follow-through is a major sign of exhaustion, especially after the second tap failed to even test the previous high with conviction. 💎Instead of breaking out, SOLUSDT has rolled over and is now struggling under the $176.23 minor resistance. That weakness is already being confirmed on lower timeframes. As long as this area holds as resistance, there is no justification for any probable aggressive long setups. This is a market preparing to punish overleveraged traders. 💎There’s a clear invalidation for this setup, and it’s extremely important to stick to it. Any 4H candle closing above $190.18 would break this structure and force us to step back and reassess the setup. Until that happens, the current bearish thesis remains firmly in play. 💎The nearest support sits at $168.86 which has highest probability that price may visit there. This level may act as a brief pause, but if the selling intensifies, it will likely break. A confirmed move below that level opens the door toward the true target of this breakdown, which is the $153.95 major support zone. That’s where we’ll be watching for a real reaction. 💎The current structure is heavily skewed toward the downside. Bears are clearly in control below $176.23, and the market has shown no signs of reclaiming key levels that would shift that control back to the bulls. Any bounce should be treated as corrective unless proven otherwise by a structural shift. Strive for consistency, not quick profits, Paradisers. Treat the market as a businessman, not as a gambler. If you master that mindset, you’ll already be far ahead of the crowd. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
#BTCUSDT Big Pump Next Hour - Bitcoin, BTCUSD, BTCUSDT 📉 Double Bottom Pattern Forming – Potential Reversal Setup The current price structure is showing signs of a Double Bottom – a classic bullish reversal pattern. After an extended downtrend, this pattern suggests that the market may be preparing for a trend reversal from this key demand zone. 🔹 Trade Setup Entry, Targets, and Stop Loss (SL) are marked on the chart. Entry: Upon breakout confirmation above the neckline. Stop Loss: Just below the recent swing low to manage downside risk. Targets: Calculated using the measured move method from the bottom to the neckline . 🔹 Risk & Money Management (Professional Approach) To maintain consistent profitability and protect capital, strict risk management is essential. For this setup: 🔸 Position Sizing: Based on a fixed % of total capital (typically 1–2% of account equity per trade). 🔸 Risk-to-Reward Ratio: Minimum of 1:2, ideally higher. 🔸 Stop Loss Discipline: No arbitrary changes after entry. SL only adjusted for breakeven or trailing stops once price moves favorably. 🔸 Trade Management: Secure partial profits at key levels, trail stops as structure forms. 🔸 Capital Allocation: Avoid overexposure. Trade fits within overall portfolio strategy. 💬 Let the setup come to you. React, don’t predict. 🔁 Like, comment, or share your thoughts below! BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD CRYPTOCAP:BTC.D CRYPTO:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSD
Long
by rayhanrafi7
1
Gold Poised for a Breakout After Sideways ConsolidationGold has retraced to the 3300 level and remained range-bound for an extended period. This prolonged consolidation suggests that a sharp breakout may be imminent, with the next move — whether up or down — likely to be swift and volatile. Looking at the 2-hour chart, the current price structure is complex. It could be interpreted as a potential double top, but it also resembles the early formation of an inverse head and shoulders, which makes trading decisions more challenging. From a technical standpoint: Moving averages are aligned in a bearish setup, and the area above remains densely packed with resistance. MACD on the 2H chart shows a bearish crossover, signaling a potential continuation of the downtrend. However, on the 30-minute chart, MACD shows some short-term bullish momentum, with the next resistance near 3306. For bulls, if the price attempts to rise toward the 3306–3312 zone but then quickly pulls back, this would indicate weak buying pressure, and caution is advised. In summary, short-term signals are bullish, but the medium-term trend remains bearish. With the market in a sideways range, it's best to remain patient and watch for breakout signals. The two trading opportunities shared yesterday remain valid and worth monitoring closely.
OANDA:XAUUSDLong
by Arthur3017
SWDY's New Upward Region Waiting for Chart Pattern ConfirmationSWDY stock is still trying to peak up, but unfortunately, it's rebounding back from the resistance line of 82.662. It had already broken the support line 81.970. In case of continuing, it'll break the support line 81.849 till reaching the support line 81.759. In case of rising, it'll breach the 1st resistance line to the 2nd resistance line at 82.933 points and the 3rd resistance line at 83.097. In general, it's expected to rise, especially for the presence of a double bottom, which will lead to a bullish reversal pattern and orient a new upward region, but the chart pattern confirmation is still in progress.
EGX:SWDY
by RowaynaAhmed
Strategic Entry in Visa (V): Stability, Growth, and Opportunity📈 Strategic CALL Entry on VISA (V) – All 20 Criteria Met Today I’m entering a CALL option on Visa (V) based on a comprehensive analysis that aligns with all of our 20-entry criteria, combining technical indicators, fundamental strength, and disciplined risk management. But beyond that, we are also factoring in key macroeconomic catalysts and upcoming earnings, which strengthen the setup and give us a clear path for growth. 🔍 Why Visa – and why now? ✅ Meets all 20 internal criteria, including: Price above both the 50- and 200-day moving averages (clear uptrend) RSI in a healthy range (not overbought) Volume confirms price action Consistent earnings performance Strong sector momentum (payments & fintech) Sound risk-to-reward structure (<6% of portfolio risk) Positive analyst sentiment Solid balance sheet, low debt, global dominance, etc. 📊 Earnings expected in June Visa is set to report earnings in June. Forecasts suggest strong performance backed by increasing digital transactions and resilient global spending. A positive surprise could trigger a sharp upward move. 🌍 Macroeconomic backdrop: US GDP data out today at 8:30 AM (EST) GDP expectations stand at +2.2%. If confirmed, it signals continued economic strength — a bullish sign for consumer-facing companies like Visa that benefit directly from transaction volume growth. 💡 Why Visa stands out: Stability Steady growth Low volatility Strong technical and fundamental alignment 📌 Bottom line: Visa not only checks all our boxes internally, but also benefits from a favorable macroeconomic context and key catalysts ahead. This is a high-conviction, low-emotion trade backed by structure, not hype.
NYSE:VLong
by perezliz37