#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: 560-570 sats 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


https://www.tradingview.com/chart/2jHyamBl/