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Double Bottom

RENDER - [Double bottom] - Resistances are meant to be broken- RENDER has successfully bounced back from the support by forming the double bottom pattern. - Double bottom pattern is bullish pattern, when it forms at the strong support it becomes extremely bullish. this is one of such scenario. - Im expecting some minor resistance at the local resistance around 4.3 - A successfull breakout this local resistance will push the price further high. Entry Price: 3.941 Stop Loss: 2.378 TP1: 4.413 TP2: 5.350 TP3: 6.887 TP4: 8.092 TP5: 9.810 Max Leverage 5x. Don't forget to keep stoploss. Support us by Liking and following. Thanks and Cheers! GreenCrypto
Long
by GreenCryptoTrades
GBPCAD Bulls Preparing – Watching Break Above VWAP🔹 Current View: The pair has formed a Double Bottom pattern around 1.8500 after a strong bearish drop from a Double Top near the 4H Supply Zone. This indicates a potential reversal. 🔹 VWAP Insight: The blue line is VWAP, acting as dynamic resistance. Price is currently testing this area. A clean break above it could confirm bullish momentum. 🔹 My Trading Plan: I’m waiting for the price to move above the VWAP and reach my key level at 1.86400 to enter a long trade. ➡️ Entry: 1.86400 ➡️ Target: 1.87200 (near previous supply zone high) 🔹 Technical Summary: - Bearish Pressure Origin: Double Top + 4H Order Block - Bullish Signal: Double Bottom formation - VWAP Breakout Watch: Key for confirming strength If the price clears VWAP and hits the entry, I’ll look for a move toward the 1.87200 resistance zone.
Long
by ClearTradingMind
HBARUSD has 3 bullish patterns stacked on top of eachotherThe inverse head and shoulders in the light blue, the light tan is the bull flag, and the pink is the double bottom. Currently price is above the Bullflag and the Inverse head and shoulders pattern. The bullflag also counts as a descending channel pattern as well. We just recently retested the neckline of the inverse head and shoulders as exact wick support which is a good sign. All 3 should provide eachother with the bullish confluence needed for them to be validated, but in addition to this technical bullishness we have some fundamental bullishness occurring just recently too as NVIDIA just announced their new Blackwell chips — claiming them to be the future backbone of AI infrastructure — which are integrating verifiable compute which has its fundamental trust layer built on Hedera. This also provides great bullish confluence and heightens the probability these 3 chart patterns will all be validated and reach their full targets. I will keep updating this post as they do so. *not financial advice*
COINBASE:HBARUSD
by DrDovetail
$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
3
How to Trade Double Tops & Bottoms in TradingViewLearn how to identify, validate, and trade double top and double bottom reversal patterns using TradingView's charting tools in this comprehensive tutorial from Optimus Futures. Understanding these classic chart formations can help you spot potential trend reversals and capitalize on contrarian trading opportunities in the futures markets. What You'll Learn: • Understanding contrarian vs. continuation trading strategies and when to use each approach • The psychology behind buying low and selling high through reversal pattern trading • How to identify double top and double bottom formations on any timeframe • Key characteristics of valid double tops and bottoms, including volume confirmation • Using TradingView's XABCD pattern tool to validate potential double top/bottom setups • Real-world example analysis using crude oil futures charts • Risk management techniques for trading reversal patterns • How to calculate appropriate entry points, stop losses, and profit targets • Setting up 1:1 risk-reward ratios for mathematical trading edge • Understanding win rate requirements for profitable pattern trading • How double bottom patterns work as the inverse of double top formations This tutorial may benefit futures traders, swing traders, and technical analysts interested in contrarian trading strategies and reversal pattern recognition. The concepts covered could help you identify potential turning points in market trends and develop systematic approaches to trading these classic chart formations. Visit Optimus Futures to learn more about trading futures with TradingView: optimusfutures.com/Platforms/TradingView.php Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary. This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
COMEX:GC1!Education
by OptimusFutures
9
GBP/USD June 17th 20205 (Long)Just going to leave this here. Price is already extending below a secondary VWAP band. Its headed towards a low where liquidity was left from a double bottom. This double bottom resulted in a set of higher highs. This shows significant buying levels at these prices. Liquidity sitting just above the supper area. My entry model for today is: Long @ 1.35468 Final Target: 1.35887 I would open this with 3 contracts on a 50k account 1st TP @ 1.35642 to close out 2 contracts.
by CoffeeshopCrypto
1
XRPUSDT Double-Bottom Breakout: $2.50 Target in Sight?The classic double‑bottom breakout appears to be unfolding between ~$2.06–2.10, confirmed when price broke above the neckline at ~$2.28. Traditional analysis suggests measuring the distance from the bottoms to the neckline, and projecting this upward, setting a breakout target near $2.50 Key Levels to Monitor Support zone: $2.06–2.10 — must hold above this area to keep the bullish structure intact Near-term resistance: $2.28 – recent neckline sit here Next resistance levels: $2.50, $2.65–2.70, and even $3.00 if momentum supports it Volume & Confirmation Confirmation of this breakout should come with increased volume. The current volume has been relatively subdued, indicating possible weakening momentum. A clean breakout above $2.28 accompanied by a volume spike and bullish candlestick (e.g., engulfing pattern) would solidify the breakout. Invalidation A drop below $2.06–2.10 would break the double‑bottom structure, opening the door to deeper support tests around $2.00 or even $1.70 Not financial advice.
Long
by alfredwhite