RVNUSDT are you Alive? 🦐RVNUSDT are you Alive?
The price created a double bottom on the weekly structure and the price had a breakout from the falling wedge.
The price Is testing daily support.
We are looking for a new bullish impulse, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Doublebottompattern
Gold on a weekly trendline 🦐GOLD after creating a double bottom at the 1860 level started a retracement move until the 0.382 of the previous bearish leg, near the weekly descending trendline.
The price moves between 1880 and 1890 level and attempts to break below with a spike.
IF the price will break and close below the 1880 area we will set a nice short order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
RavenCoin - RVN | Double DottomIs the market maker still alive? Indicators are tired of being oversold.
My targets:
Short Term -> 0.01518$
Mid Term -> 0.01780$
Long Term -> 0.03400$
NOTE!: Ravencoin's block reward will halve in Jan 2022. (5000 RVN -> 2500 RVN) You can confirm this event from Ravencoin's official Twitter account.
This analysis is not investment advice. You should do your own research!
GBPAUD, 4hr tf, double bottom reversalBased on the 4hr chart there is a double bottom forming. Price already broken through the resistance and then hovering around it for some time.
The last 4hr candle close indicates another close above the resistance so i am convinced that price will continue going up
Buy GBPAUD 1.8100
Stop loss 1.8020
Take profit 1 @1.8180
Take profit 2 @1.8260
good luck
Double Bottom a bullish reversal patternDouble Bottom Pattern Tutorial -
Double Bottom is a bullish reversal pattern usually found at the end of a downtrend. Double Bottom pattern can be easily identified when price reaches a equal low two consecutive times unable to push price to a new lower low to continue the downtrend then the price bounces sharply from the equal low area and then breaks the neckline.
The entry point of this trade pattern will be confirmed by a closing of price above the neckline. We can take help of RSI to see the momentum and the strength of the price movement.
Stay Tuned, 👍;
Aud Cad Analysis On Daily, Enter on Hour 4When we analyze Aud/Cad on the daily, we have left the support area and moving up. If we go to hour 4 , We have the moving average crossover and even though I have not included them in the chart , Full Stochastics has left the oversold area and the Rsi set to a 9 Period has also left the oversold area.
I included 2 Take Profits on the chart!
If you buy now you are entering on hour 4 what was analyzed on the daily chart!
AAN Short opportunity double bottom breakdownAaron's had a poor earnings call, first target is $39.90 second target is $37.60 which are fib targets. Double bottom breakdown with descending triangle breakdown. Moving toward new support. Holding a put expiring January 18th.
Double Bottom - Reversal PatternDouble bottom is a bullish reversal pattern which means the long term bearish trend will be switched to bullish/uptrend
Also note ,this pattern it s a long term reversal and will not form in a few days
Even though formation in a few weeks is possible it is preferable to have at least 4 weeks between lows
Bottoms usually take longer then tops to form and patience can often be a virtue