Solana price eyes $150 as SOL's 25% jump this week puts 'double-bottom' in play

Solana price eyes $150 as SOL's 25% jump this week puts 'double-bottom' in play

The upside setup for SOL price appears despite Solana-based investment products seeing significant capital outflows. The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar.A $150 SOL ahead?Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment exhausts, leading to a sharp upside retracement and a breakout move....


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XRP price chart 'double bottom' puts next bullish target at $1

The classic "double bottom" pattern's success rate of hitting its profit target lies around 78.55%. Ripple's XRP token could hit $1 in the coming sessions per a classic technical chart setup.Dubbed as "double bottom," the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to or near the first bottom level, only to rebound again to the previous resistance line (also called neckline).Should the price close above the neckline, it anticipates an extended move upward, the length of which equals the total height....

Bitcoin Eyes $41,000-Retest as Two Indicators Confirms Bull Run

Bitcoin bulls should brace for a wild upside run towards $41,000. According to Scott Melker, crypto trader and host of WOAS Podcast, the cryptocurrency’s sharp rebound from $32,000 to above $38,000 confirmed two textbook bullish reversal indicators: Double Bottom and Falling Wedge. Bitcoin Double Bottom Starting with the Double Bottom, Mr. Melker highlighted two consecutive […]

Avalanche price eyes 30% jump in June with AVAX's classic bullish reversal pa...

But AVAX price is also forming a potential descending triangle that can spoil the upside chances. Avalanche (AVAX) shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern.AVAX price to $35?Dubbed as "double bottom," the pattern appears when the price establishes a support level, rebounds, corrects after finding a resistance level, pulls back toward the previous support and bounces back toward the resistance level to pursue a breakout.Since May 27, AVAX's price trends appear like those typically witnessed during the double bottom formation.....

Bitcoin Price Weekly Analysis – Can Double Bottom Push BTC/USD Higher?

Bitcoin price traded down this past week vs the US dollar, but is looks like BTC/USD is now forming a bullish pattern, which may push it higher. Key Points. Bitcoin price declined sharply this past week, as it traded lower not only against the USD but also vs the ETH. There was a downside move towards the $435 support level, which prevented further losses. There is likely a double bottom pattern formed on the hourly chart (data feed from Bitstamp) of BTC/USD, which may push the price higher. Bitcoin Price – Recovery Likely? Bitcoin price managed to recover after trading as low as $435 vs....

Bitcoin Price Technical Analysis for 1/4/2015 - Coiling Begins

Bitcoin has been consolidating since the end of last week after it tagged the 236 handle. BTCUSD rebounded from 236 to about the 255-256 area before stalling. Over the weekend and at the start of the week, we saw the cryptocurrency slide back towards that 236 low, but respecting it as support again. The 1H chart shows the strong rebound from the support area, which sets up a potential double bottom. Bitcoin (BTCUSD) 1H Chart 1/4/2015. In the 1H chart we can see that before a double bottom is complete, price action has some slight bearish bias. Indeed before this possible double bottom,....