Quick double bottom pattern chart for suku/usd.
It has finally seen an impulsive move up after bottoming around 2.4 cents.
That move did breach 3.9 cents and tap the 0.5x measured move towards TP 1, but hasn't yet held above 3.9 or the 200 daily EMA just above it.
It is presently pushing on resistance. As long as bitcoin holds up, a move above 3.9 and the 200 EMA that pushes on up to TP 1 and 2 seems quite likely.
If not, we may see a move back down to or even just below support for a 3rd lower low beforehand
It has finally seen an impulsive move up after bottoming around 2.4 cents.
That move did breach 3.9 cents and tap the 0.5x measured move towards TP 1, but hasn't yet held above 3.9 or the 200 daily EMA just above it.
It is presently pushing on resistance. As long as bitcoin holds up, a move above 3.9 and the 200 EMA that pushes on up to TP 1 and 2 seems quite likely.
If not, we may see a move back down to or even just below support for a 3rd lower low beforehand
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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.