$ETH | Update 1D
This Adam & Eve Double Bottom setup looks perfect.
The standard confirmation for an Adam & Eve bottom is acceptance above the neckline, which in our case sits at 1848.
We're also seeing a handle forming right above the neckline, further confirming acceptance and making this look more like a re-accumulation schematic before expansion to the upside.
As long as we continue holding the neckline, It's extremely likely we see a push all the way into the 2157-2278 region over the coming weeks, where we have an Untapped Weekly FVG.
The invalidation for this particular Adam & Eve idea would be a break below the bottom of the handle, which is sitting around the 1820s.
DYOR
$ETH
This Adam & Eve Double Bottom setup looks perfect.
The standard confirmation for an Adam & Eve bottom is acceptance above the neckline, which in our case sits at 1848.
We're also seeing a handle forming right above the neckline, further confirming acceptance and making this look more like a re-accumulation schematic before expansion to the upside.
As long as we continue holding the neckline, It's extremely likely we see a push all the way into the 2157-2278 region over the coming weeks, where we have an Untapped Weekly FVG.
The invalidation for this particular Adam & Eve idea would be a break below the bottom of the handle, which is sitting around the 1820s.
DYOR
$ETH