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Double Top or Bottom

XRPUSD currently retesting support on the double bottom necklineWe currently have one weekly candle close above the double bottom neckline and the currently weekly candle is still currently holding support on that same neckline with 3 more days left to go before it closes. A close above the neckline would certainly be a bullish sign especially when the entire candle’s body closes above such a resistance level. Considering Trump just appointed PayPal Mafia’s David Sacks as cryptocurrency/AI czar,I think probability favors a breakout up fro XRP’s double bottom pattern. Were price to confirm the breakout from the spot it just recently broke above the neckline at, then the full breakout target will be $4.0422 a most auspicious number full of multiple numerogically encoded 11-11’s. I also think if we are fractally mirroring 2016’s huge breakout move, that $3.80 or perhaps 3.84 could be an important level to watch also both very auspicious numbers as well, though the 4.0422 target would be preferred considering it would make for a new all time high. Whichever one it may be they will all get reached eventually this bull run in my opinion. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
1
CRV appears to breaking up from double bottom necklineIf you zoom in you can see the previous daily candle closed on the neckline with exact body support and now the current candle is having a nice bullish impulse, which suggests that it could validate the double bottom relatively soon. If it has a few days of correction n this zone it will also form a right shoulder to an inv h&s pattern that would then materialize with a neckline slightly above this double bottom neckline as I hypothesized my previous curve idea which I will provide a link to below. That inv h&s pattern would then have a slightly higher breakout target than this double bottom will should it materialize. For now the double bottom is the one to focus on as it seems very close to validating. Curve is likely overextended at this point so it could easily go back and forth on the neckline here before the real lift off. *not financial advice*
COINBASE:CRVUSD
by DrDovetail
The Coming EU Recession into 2028, Mercedes BENZ $MBG Triple TopThe principal pillar of the European economy is Germany, recognized as its wealthiest nation. A parallel can be drawn to the adage regarding America: when it experiences a minor setback, the global economy often faces significant repercussions. It is often asserted that the essence of "Deutschland" is deeply rooted in its automotive industry, leading to its moniker as "Autoland." German automobiles have consistently been esteemed as the finest globally. In fact, the most thriving economic engine in Europe has been heavily dependent on the automotive sector, and the initiatives aimed at addressing climate change have been likened to the act of vanquishing a vampire—driving a stake through its heart. Volkswagen, the biggest car maker in Europe, is warning that it might have to cut thousands of jobs and close some factories in Germany. This is happening because they are having tough talks with unions about rising costs. The push for climate-friendly cars has really affected how many people want to buy new vehicles, and they are also facing strong competition in the electric car market. The news about job cuts and possible factory shutdowns is causing a big stir around the world. Other car companies like Mercedes Benz, BMW, and Ford are also making cuts and letting employees go. Volkswagen is planning to lay off tens of thousands of workers and is even thinking about closing some factories, which is a big deal. Bosch, the largest auto parts supplier in the world and a major employer in Germany, is also cutting hours and pay for around 10,000 workers. Even Meyer Werft, a shipbuilding company that has been around since the 1800s, recently needed a huge bailout of $423 million to stay out of bankruptcy. The economic strategies implemented by Brussels have significantly weakened the overall economy of the European Union. Germany has remained committed to the traditional Mercantile economic model, maintaining elevated tax rates to curb inflation while producing goods for export to generate profits. In 2023, the automotive sector is projected to represent as much as 17% of Germany's exports. This sector has created over 750,000 jobs. However, German manufacturing has struggled to achieve a full recovery since the COVID-19 pandemic in 2020, currently reaching only about 90% of its pre-pandemic output.
XETR:MBGShort
by BallaJi
Hecla Mining Company | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Hecla Mining Company - Double Formation * Support=0 At 4.20 * Left Shoulder & 1)) | Uptrend Bias | Subdivision 1 - Triple Formation * ((Neckline)) & Wedge Structure At 6.20 | Subdivision 2 * Retracement 50)) & 0)) | Potential Gaining Area * 1 Hour Time | Trend Behaviour & Entry | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:HLLong
by TradePolitics
POV : FACT : Another Wave of ProfitPOV : FACT : Another Wave of Profit Chart Reading: 1. Facts of FACT were in a downtrend reflected by both trend lines (High and closed based). 2. Support : Took Support at 2.A) Previous Resistant & Breakout Zone 2.B) Fib Level 0.618 2.C) 200 SMA 3. Form neat Adam and Eve at the Bottom. 4. Closing Basis Trend Line Breach on 28th Nov. 5. High Basis Trend Line Breach on 29th Nov. 6. Huge Volume on 29th Nov. which gives me additional confirmation of breakout. Concern : 1. Huge Range Expansion 2. Cover Almost 5 Fractals high in one candle. (although it's a bullish sign but we get stop loss gets far) Action Plan : Either Wait for Pullback or Go for Breakout. Both Entry levels and targets are shared here for your educational purposes. you have to decide which kind of trader you are. I am attempting both: if breakout first then go with half qty and rest of add at either POA or Pullback. Disclaimer : For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:FACTLong
by kzatakia
Digibyte looks like it’s validating the invh&s breakoutDigibyte shown here on the daily chart showing a nice bullish impulse firmly above the neckline of its inverse head and shoulders pattern. Already well on the way to the breakout target here so very likely validating the breakout. Also doing so a day or so before it has its golden cross. Once it reaches the full breakout target it’s likely to test the next potential resistance of the yellow horizontal trendline. That trendline is actually the neckline of a larger double bottom pattern. Wouldn’t be surprised with the golden cross so close by that whatever resistance that double bottom neckline provides doesn’t last very long *not financiala dvice*
CAPITALCOM:DGBUSD
by DrDovetail
20% roi posible Zeal Aqua Limited (4H Chart Analysis) Current Price: ₹12.90 Key Levels: Support Zones: ₹12.21 | ₹10.21 Resistance Zones: ₹12.32 | ₹15.77 | ₹18.45 --- Pattern Explanation: Double Bottom Pattern: Chart par ek double bottom formation dekhne ko mil raha hai, jo ek strong bullish reversal pattern hota hai. Price ne do baar lower support zone (₹10.21) ko test kiya aur wahan se reversal dikhaya. Is pattern ka breakout ₹12.32 ke upar confirm hota hai. Breakout ke baad price ₹15.77 aur ₹18.45 tak ja sakta hai. Moving Average Crossover: Price ne 200 EMA ko tod diya hai, jo ek aur bullish confirmation hai. Long-term resistance tod kar price uptrend mein jaa sakta hai. --- Trade Setup: Entry: ₹12.32 ke upar breakout ke confirmation ke saath. Stop Loss: ₹10.21 ke neeche. Target 1: ₹15.77 Target 2: ₹18.45 --- Volume Analysis: Volume me gradual uptick dikh raha hai, jo breakout ke liye zaroori hai. Agar volume high rahe toh breakout sustainable hoga. Risk-Reward: Chart ka risk-reward ratio attractive hai. Stop loss tight rakhein aur targets logical levels par hain. --- Conclusion: Ye setup short-to-medium term ke liye bullish hai. Double Bottom pattern aur 200 EMA breakout strong signals de rahe hain. Entry lene se pehle breakout confirm hone ka wait karein aur apna risk manage karein. --- Note: Ye analysis purely technical hai. Apni risk appetite aur market conditions ka dhyan rakhein!
BSE:ZEALLong
by pas_infinity
Coherus BioSciences | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Coherus BioSciences - Double Formation * Support=0 | EMA 20 | Area DIsclosure | Subdivision 1 * Neckline | Pattern Alignment At 2.40 - Triple Formation * Entry Bias Hypothesis | Entry Area | Subdivision 2 * Retracement | 0.5. 0.236 & 0 * Angle 1 | 3,4,5 Wave Template | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:CHRS
by TradePolitics
Neogen Corp | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Neogen Corp - Double Formation * A+ Set Up | Short Bias Sentiment | Subdivision 1 * Retracement 1 | 0.5 & 1 - Triple Formation * 012345 | Wave 3 & 4 | Angle 1 | Subdivision 2 * Neckline | Pattern Involvement | No trade(Reversed) * Retracement 2 | 1, 0.786, 0.618 & 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NEOGShort
by TradePolitics
CRV potentially breaking above a Double bottom neckline hereCurve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
COINBASE:CRVUSD
by DrDovetail
POWERGRID MAY FALL DUE TO DOUBLE TOP FORMATION DOUBLE TOP FORMATION : powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall. Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole whole stock market. But after the release of the election results it has started going down again BEARISH DIVERGENCE : Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on chart & rsi 4th mar & 29th july respectively indicating strong bearish momentum for powergrid BEARISH MACD : macd indicator has also become extremely bearish with macd line hovering below signal line by large margin PROFIT TARGET : The stock will fall till 299 level which is 22 points away from current level
NSE:POWERGRIDShort
by peace_lover
Apecoin chart per request.I’m not entirely sure how this chart will play out, currently looks like this chart’s price action is heading towards this brown trendline that will either serve as a double bottom neckline or if it holds resistance for a candle or few t will become the top trendline of a valid descending channel at that point, either way the target would be the same for a breakout from either pattern, won’t be able to dial in the exact placement of the dotted goldenrod colored measured move line until price chooses where it’s going to trigger the breakout but I believe I have arbitrarily placed it in a close enough radius to get a within the ballpark of a decent price target guesstimation. Once again we see a big bullish pump coinciding with the golden cross as well. *not financial advice*
COINBASE:APEUSD
by DrDovetail
Goldencross even causes coins like EOS to go parabolic You know when even a long considered dead coin like EOS also responds with a parabolic pup on the day of its golden cross that at this point my hypothesis has to be proven. This is like the 20th example I’ve given of this occurring the same day as a chart’s golden cross. Remember this behavior the next time alt season begins during the second parabolic leg of a bitcoin bullrun. Anyways I never expected to chart an EOS chart but here we are. Would normally never hold this coin but do see it as an opportunity to at least take a position in it to its eventually double bottom breakout target. *not financial advice*
COINBASE:EOSUSD
by DrDovetail
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