Price action is testing the top trendline of the pink falling wedge.
We can see a green Adam and Eve double bottom reversal formation. It's a strong reversal pattern from a downtrend.
It's nice to see the Adam and Eve forming near the end of the pink falling wedge. That is a good signal.
The U shaped bottom is the Eve bottom. That is where we find the measured move in this pattern. If that bottom gets deeper the target of the pattern also becomes higher.
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$LOFI 4 Hr Chart Analysis
Price action is testing the top trendline of the pink falling wedge.
We can see a green Adam and Eve double bottom reversal formation. It's a strong reversal pattern from a downtrend.
It's nice to see the Adam and Eve forming near the end of the pink falling wedge. That is a good signal.
The U shaped bottom is the Eve bottom. That is where we find the measured move in this pattern. If that bottom gets deeper the target of the pattern also becomes higher.
NFA, DYOR ⚠️
#Crypto #Trading #LOFI #SUI