Chartists are watching the Eve-and-Adam double bottom forming on the daily. If the neckline breaks with volume, measured targets point at fresh yearly highs. The pattern's logic is simple: sellers fail twice at the same floor, buyers grow bolder, and the eventual breakout carries the energy of two defeated sell-offs.
Volume tells the real story. The second trough printed on noticeably lighter selling than the first, and each bounce since has carried expanding buy volume. Healthy bottoms look like this — apathy at the lows, enthusiasm arriving late. A neckline break on thin volume would deserve suspicion; one on heavy volume deserves respect.
Fundamentals line up too: exchange outflows are accelerating and fees stay low. Coins keep migrating to cold storage while network activity holds steady, which means the available float keeps shrinking against stable demand. Scarcity mechanics and chart structure are telling the same story for once.
Invalidation sits below the second trough — a clean line for risk control. A daily close beneath that low voids the pattern and flips the bias back to neutral, no arguments, no hoping. Every setup needs a price that proves it wrong, and Eve-and-Adam hands you one on a plate.
The plan from here is patience: wait for the neckline test, demand the volume confirmation, and size so the invalidation stings without wounding. Patterns tilt probabilities; they never guarantee outcomes. Trade the trigger, honor the stop, and let the measured move come to you.