POLLEN+CRYPTO+BOOK

ROUNDING
BOTTOM
The rounded bottom pattern, sometimes referred to as the "saucer
bottom" pattern, is known to be able to predict an upward trend.
Very similar to the cup and handle model, but without worrying
about a temporary downtrend which constitutes the "handle". The
pattern is an inversion pattern, representing a consolidation. It goes
from bearish to bullish.
This rounded bottom pattern can be spotted at the end of
depressing downtrends. Most of the time, this pattern indicates that
the downtrend, often caused by excess inventory, comes to an end
as investors start to buy low, reversing the downward movement.
Once that starts, it usually increases demand and drives up the
share price.