ETHEREUM Forecast 14.06.2018

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ETHEREUM Forecast 14.06.2018
Ethereum / Dollar BITFINEX:ETHUSD
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Pattern: Double Bottom

DEFINITION of ‘Double Bottom’

A double bottom is a charting pattern used in technical analysis . It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter “W”. The twice-touched low is considered a support level .

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