BOREARIS

Ethereum (ETH/USD) Double bottom 15 min

Ethereum (ETH/USD) 15 minConfirmed Oct 22, 22:45 UTC+8
LNLConfirmedClosedTarget 2,430.10Target 1 2,421.75Confirm 2,413.40Neck 2,410.602,392.18Invalid 2,389.44━ MA20 + Bollinger Bands ━ MA50 15 min70503042.46━ RSI ━ 9MA0-3.82━ MACD ━ MACD Signal10/22 14:1510/22 16:0010/22 17:4510/22 19:3010/22 21:1510/22 23:00
LNLConfirmedClosedTarget2,430.10Target1 2,421.75Confirm2,413.40Neck2,410.602,392.18Invalid2,389.44━ MA20 ━ MA5070503042.46━ RSI ━ 9MA-3.82━ MACD ━ MACD Signal22 16:4522 19:4522 22:30

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double bottom: Invalidated

Target2,430.10
First target2,421.75
Confirmation2,413.40
Invalid at2,389.44
Move-1.09%

Timeframe15 min
ConfirmedOct 22, 22:45
ClosedOct 22, 23:00
Duration0.5 h
Reward / risk0.70

What this tells you

Price finds support twice at a similar low; a break above the high between them (the neckline) often marks a turn from down to up.

Check it on the live chart

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Swing points

PointTime UTC+8Price
LowOct 22, 17:002,391.10
NecklineOct 22, 18:002,410.60
LowOct 22, 21:002,391.20
ConfirmationOct 22, 22:452,413.40

Recently closed Double bottom patterns: 23 in total, 13 reached the target first (57%), 8 were invalidated and 2 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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