Double Bottom Reversal

2023年4月9日

I love double bottoms and tops when they succeed, because they often give us more than the typical 1.5x measured targets after succeeding, 2x or even more.

Harvest Finance (FARM) may be about to print a double-bottom reversal. OBV has been trending up during the entire move down as well.

Targets with weekly resistances and support on the chart.

2023年4月10日

註釋

On the 4h chart, a confirmed inverted HS:

2023年4月15日

註釋

Update - we're at the bottom of recent lows (green box), if we don't see our 2nd bottom here and head below the green box, then we could see these lower failed HS targets before heading back up: