š $VVV coin breaks through the resistance line and is preparing for an upward breakout
ā¢ Technical trend: completion of the double-bottom pattern and a break of the green downtrend line
ā¢ Monitoring zone: 12.800 - 13.200
šÆ Price targets:
ā¢ First target: 14.234
ā¢ Second target: 14.953
ā¢ Third target: 15.742
ā Invalidate the scenario: a 4-hour candle close below 12.200
š” Technical rationale: the price has completed a strong reversal pattern in the form of a double bottom (DOUBLE BOTTOM), and it succeeded in breaking the moving averages and trading above the main green downtrend resistance line. The chart shows a positive bullish momentum (Momentum: Rising ā). The expected white path indicates a direct upward surge, including a light retest of the downtrend line after the breakout, moving toward the specified upper targets.
ā¢ Technical trend: completion of the double-bottom pattern and a break of the green downtrend line
ā¢ Monitoring zone: 12.800 - 13.200
šÆ Price targets:
ā¢ First target: 14.234
ā¢ Second target: 14.953
ā¢ Third target: 15.742
ā Invalidate the scenario: a 4-hour candle close below 12.200
š” Technical rationale: the price has completed a strong reversal pattern in the form of a double bottom (DOUBLE BOTTOM), and it succeeded in breaking the moving averages and trading above the main green downtrend resistance line. The chart shows a positive bullish momentum (Momentum: Rising ā). The expected white path indicates a direct upward surge, including a light retest of the downtrend line after the breakout, moving toward the specified upper targets.