š #DYM /USDT ā Double Bottom Breakout Incoming? š„
The $DYM /USDT chart on the 1-hour timeframe is shaping up to complete a Double Bottom pattern, hinting at a strong bullish reversal in the making.
š° CMP: $1.499 (-2.09%)
š Key Technical Highlights:
ā¢Pattern Formation: A clear Double Bottom structure around the $1.26 support zone.
ā¢Neckline Resistance: $1.60 ā Breakout above this level confirms the pattern.
ā¢Measured Target: $1.90 ā Based on the patternās height.
ā¢Support Zone: $1.40 ā Strong buying interest observed at this level.
š Bullish Indicators:
1ļøā£ Higher lows confirm recovery and buyer strength.
2ļøā£ Consolidation near neckline resistance indicates bullish accumulation.
3ļøā£ A break above $1.60 could trigger explosive upside momentum.
š Tools Used: FortuneAI Trading Indicator ā Advanced insights for trend, volume, and pattern identification.
š Double Bottom Breakout or Rejection? What do you think? Drop your analysis below! š