PROSBUSD - Bump and Run Reversal Bottom Pattern?

21 Ara 2022

Bump and Run Reversal Bottom Pattern

The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.

11 Oca 2023

Not

The Bump Phase seems to be longer as expected, but we should be soon there, probably in another 1 - 2 days. Then the Run Phase begins.

12 Oca 2023

Not

The price closed yesterday above the red line, let's see if it will consolidate above it. In the next days we should see a confirmation that we are in the Run Phase, the goal remains the same, at the level of about 0.75 BUSD for 1 $PROS.

14 Oca 2023

Not

We can say that we are in the run phase, we can expect the $0.75 level in the next 7 - 10 days, if everything would go right.

18 Oca 2023

Not

The main downward line of the pattern (that acted previously as resistance) was revisited and it is supposed to be confirmed now as support.

23 Oca 2023

Not

Nice rally, almost touching the target of the Run Phase!

26 Oca 2023

İşlem kapandı: hedefe ulaştı

All good, $0.755 was touched, so we can agree that PROS has reversed the trend and enters a bull run time. I wish you all good trading, especially because from tomorrow PROS will have a pair on Binance with USDT, too. All the best!