#Storm forming a double bottom with resistance at 535 #stormbtc

#Storm forming a double bottom around the channel support and 50fib retracement of the move 427-639 sats.

Resistance of the double bottom is at 535 sats, so it will be a good time to buy into storm if it breaks above this level which also lies around the 50fib.

Target1: 560-570sats around 38.2 fib resistance of the move 427-639sats & 50fib resistance of the move 600-522 sats.

Target2: 580-590 sats around 23.6 fib & 78.6fib resistances of the move mentioned above respectively.

Target3: 650-680 sats around channel resistance & 61.8 fib resistance of the move 779-431 sats.
Profit -21.5% for T3

Stop loss- 520 sats Risk- 2.8% Risk:Reward for T3- 7.7

You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/STORMBTC/9k67dj3d-Storm-forming-a-double-bottom-with-resistance-at-535-stormbtc/
As well as on my twitter profile:
https://twitter.com/rajista007

If you found something useful here, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.

https://twitter.com/rajista007
https://www.tradingview.com/u/rajista/

If you are in a tipping mood , you can buy me a beverage :)
LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f88