ETHUSDT Double Bottom Pattern

31 ביולי 2021

The Double Bottom pattern has completely formed after an extended move down in the ETHUSDT pair in 1D and 4H TF. In the next few days, if the price closes above the neckline, then it confirms the breakout of the Double Bottom pattern. Wait for a retest of the neckline as the new support to find a better entry. This retest provides us with an opportunity to buy at support as the market reverses direction.