Double Bottom (4-H timeframe)
2025-01-02
Category: None

Hi there,

I am posting an update to my current analysis, recently a falling wedge was formed on 4-H timeframe to which is broke down, this appears to be a fake down due to the lack of volume. The price then retracted and hit previously predicted target: $2.34

With the breakout in place and the price now sat at the $2.34 area I believe a double bottom has also formed on the 4-H timeframe with the target being $2.74, this is of course if the $2.39 resistance is broken.

Thank you for taking the time to look at my analysis, any feedback would be greatly appreciated.