Long
BURGERBNB (BURGER) - POTENTIAL BUY ENTRY
ANALYSIS 🔎
- BURGERBNB was bounded in a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing the double bottom pattern.
- This is also a bullish reversal pattern.
BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
- BURGERBNB was bounded in a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing the double bottom pattern.
- This is also a bullish reversal pattern.
BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.