Buyers just took out the neckline on a double bottom with volume stepping up well above average — that's not a drift higher, that's participation showing up at the decision point. Momentum still has room before anything looks stretched, which matters for a breakout this clean.
🗓 Daily: Neutral — daily is mixed — Supertrend and EMAs not aligned
⏱ 4H: Double Bottom · Bullish bias
⏳ 1H: price is above the level but the 1H trend hasn't turned up yet — a 1H close that flips the trend up is the trigger.
📋 WHY IT QUALIFIES
✓ Double Bottom structure completed
✓ Decisive breakout — closed 2.5% beyond the line
✓ Volume 2.9× its 20-bar average
✓ RSI 63 — momentum confirms, not yet exhausted
🧭 Bias: Bullish while price holds above $3,973.74
⚠️ Invalidation: 4H close back below $3,973.74
🔵 Support $3,890.00 🟡 Resistance $3,973.74
$PAXG $BTC #ChartPatterns
Education only, not financial advice.
🗓 Daily: Neutral — daily is mixed — Supertrend and EMAs not aligned
⏱ 4H: Double Bottom · Bullish bias
⏳ 1H: price is above the level but the 1H trend hasn't turned up yet — a 1H close that flips the trend up is the trigger.
📋 WHY IT QUALIFIES
✓ Double Bottom structure completed
✓ Decisive breakout — closed 2.5% beyond the line
✓ Volume 2.9× its 20-bar average
✓ RSI 63 — momentum confirms, not yet exhausted
🧭 Bias: Bullish while price holds above $3,973.74
⚠️ Invalidation: 4H close back below $3,973.74
🔵 Support $3,890.00 🟡 Resistance $3,973.74
$PAXG $BTC #ChartPatterns
Education only, not financial advice.
