HOW TO TRADE A CHANGE IN TREND WITH DOUBLE BOTTOM REVERSAL CHART
Explaining where the support level and how to find double bottom trend reversal patterns.
I find the support where the coin has been trading that is your support. I logged a double bottom and show the trend on the chart.
I posted the resistance level in which the price goes up then hasnt broken it.
I charted the massive breakout, and charted a massive breakout, I then put a box under that to show if the price retests the broken resistance, and goes up, this would be a great example of a bullish reversal, but the levels need to retest support then break back out. Excellant pattern if the price retests and goes back up which is called a bullish reversal, using double bottom trend reversal.
I find the support where the coin has been trading that is your support. I logged a double bottom and show the trend on the chart.
I posted the resistance level in which the price goes up then hasnt broken it.
I charted the massive breakout, and charted a massive breakout, I then put a box under that to show if the price retests the broken resistance, and goes up, this would be a great example of a bullish reversal, but the levels need to retest support then break back out. Excellant pattern if the price retests and goes back up which is called a bullish reversal, using double bottom trend reversal.
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