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roundingbottom
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Rounding bottom indicator#Educational : Rounding bottom A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends  . This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand . Once the rounding bottom is complete, the price breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum are gradually shifting from bearish to bullish. #Binance #crypto2023 #BTC #roundingbottom #leontech

Rounding bottom indicator

#Educational : Rounding bottom A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends  . This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand . Once the rounding bottom is complete, the price breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum are gradually shifting from bearish to bullish.

#Binance #crypto2023 #BTC #roundingbottom #leontech
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