What pattern is a forming bottom

A forming bottom in stocks or cryptos refers to the process of identifying a potential reversal in an asset's price trend, where the asset is poised to transition from a downtrend to an uptrend. This is typically done by analyzing chart patterns, such as the rounding bottom, which is a bullish technical indicator that signals a potential buy signal. The rounding bottom pattern is characterized by a series of price movements that form the shape of an upside-down "U," indicating a reversal in long-term price movements. Other patterns, such as the double bottom and W bottoms and tops, can also be indicative of forming bottoms It's important to note that these patterns are used in conjunction with other technical indicators and analysis to confirm the pattern and identify potential entry points for buying assets.