Triple TOP/BOTTOM Reversal Pattern
Triple Top is a Bearish Reversal Pattern which means the long term uptrend will be switched into long term bearish trend
Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks
Peak, correction/re-fuel,peak and so on for three times in row
These TOPS will become a strong strong resistance line, if after third peak the resistance line can t broke we will have a nice short oportunity
First, we need a confirmation about this Triple Top Pattern so we can entry ONLY when we broke the neckline and the target will be the distance of the neckline and TOP
Triple Bottom is a Bullish Reversal Pattern which means after a long downtrend the coin will change their trend to LONG TERM BULLISH
We can see in this picture 3 times tried to break the huge support but they can t and after this we can say that was the BOTTOM
The price of coin will increase but we can enter into this trade ONLY when we are about the neckline which is a strong resistance
If we are closing above neckline(resistance will be transformed into support) and also we can continue to grow
Target is the distance from BOTTOM(support) and Neckline
Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks
Peak, correction/re-fuel,peak and so on for three times in row
These TOPS will become a strong strong resistance line, if after third peak the resistance line can t broke we will have a nice short oportunity
First, we need a confirmation about this Triple Top Pattern so we can entry ONLY when we broke the neckline and the target will be the distance of the neckline and TOP
Triple Bottom is a Bullish Reversal Pattern which means after a long downtrend the coin will change their trend to LONG TERM BULLISH
We can see in this picture 3 times tried to break the huge support but they can t and after this we can say that was the BOTTOM
The price of coin will increase but we can enter into this trade ONLY when we are about the neckline which is a strong resistance
If we are closing above neckline(resistance will be transformed into support) and also we can continue to grow
Target is the distance from BOTTOM(support) and Neckline
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