A quick flip to the upside, THE DOUBLE BOTTOM(ADAM&EVE)
A return back to the neckline(resistance), with high probability of breaking out and reaching its target. More consolidation within this range 0.786fib and 0.618fib, the ADAM and EVE pattern that shows a V&U bottom has been completed.AS SHOWN BELOW:
On the daily time frame, using the ICHIMOKU METRIC;the cloud( green- bullish, red- bearish), Tenkan(T)(blue), KIJUN(K)(red), Lagging span(green) senkou span(A&B).
A bullish TK cross which moved price to break the cloud resistance and has close inside the cloud.The cloud(green senkou span A) should serve as a support level, holding price inside the cloud.
A likely trade set up shoulde be E2E(edge to edge), which is considered when price cloud closes inside the clou it has a high probability of touching the upper cloud.
BUY: current price
STOP LOSS: 0.00029297sats
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.