$BANANAS31 🚨 CHART PATTERN: ROUNDING BOTTOM. 1D.
The Rounding Bottom (or Saucer) is a long-term reversal pattern that signals a gradual shift from a bearish trend to a bullish one. Visually, the price draws a "U" shaped curve, reflecting the exhaustion of sellers and the progressive accumulation by buyers.
The pattern is confirmed when the price breaks the "neckline" (previous top resistance). Volume usually follows the pattern, decreasing at the center of the base and increasing at the breakout. The technical target is the projection of the base height upwards.
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