OIL is showing some interesting chart patterns right now. You're seeing what could shape up as a double bottom forming, maybe even trading sideways in a range. But here's the thing—until it actually breaks above that red box resistance zone, we're still firmly in bear market territory. So keep an eye on whether it can punch through that level. If it doesn't, lower lows are still very much on the table.
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FlashLoanLord
· 01-02 11:49
The key points of the red box are not broken; it's all just a feint...
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NewDAOdreamer
· 01-01 14:36
The double bottom pattern sounds good, but the red line hasn't broken through the key level yet. I still remain bearish.
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MechanicalMartel
· 2025-12-31 10:28
Double bottom sounds good, but to be honest, if you can't break that line, it's just a decoration.
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WhaleStalker
· 2025-12-30 19:57
As long as the double bottom can't break through that resistance level, it still feels like it needs to continue dropping.
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BearMarketBuilder
· 2025-12-30 19:52
Breakout or continued fluctuation, let's see how this wave unfolds.
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LonelyAnchorman
· 2025-12-30 19:51
If we can't break through this resistance level, we still have to keep pushing down.
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SignatureDenied
· 2025-12-30 19:41
Double bottom pattern? Uh... I'm still bearish. If it can't break that line, don't hype it up.
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FadCatcher
· 2025-12-30 19:29
If the key level of the red box can't be broken, there's no point in talking about double bottoms. It's still a bear market.
OIL is showing some interesting chart patterns right now. You're seeing what could shape up as a double bottom forming, maybe even trading sideways in a range. But here's the thing—until it actually breaks above that red box resistance zone, we're still firmly in bear market territory. So keep an eye on whether it can punch through that level. If it doesn't, lower lows are still very much on the table.