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Triplebottom

ETHUSDTPRICE ACTION: • In a downtrend, price action finds first resistance (1), where it reverses direction and goes upwards till finding support (2). • Price action reverses direction from (2) and goes downwards till finding second resistance (3), which will be -around- the same rate of the first resistance (1). • Price action reverses direction from (3) and goes upwards till finding second support (4), which can be higher or lower than the first support (2). • Price action reverses direction from (4) and goes downwards till finding third resistance (5), which will also be -around- the same rate of both the first (1) and second (3) resistances. • The pattern is completed when price action reverse direction from the third resistance (5) and goes upwards till it breaks the upper support at point (6).
Long
by Adam-Robinson
BTC triple bottom and descending broadening wedge breakout? I'm looking at daily timeframe. As always after CPI release/today/ BTC price drops and then pumps doing long and short liquidation. I expect it to drop 18.6-19.1K making triple bottom and moving up. I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as it did previous time mentioned on the chart. then it will test 28-30K horizontal resistance and broken trendline. As I mentioned in my previous analysis a test of that trendline is inevitable. Check bellow the attached links and pay attention to my previous analysis.
Long
by ergal91
Easy trading Setup For APPLE (AAPL) – Triple BottomHi Traders, Looking at Apple Stock today on the 1-hour time frame. We see a nice potential triple bottom playing out. Price has been respecting the descending trend line as well as the neckline of the triple bottom. Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it. Once the market opens, I will be looking for a retracement back into the neckline. My long position will trigger then and my targets are previous resistance. Let's see how this plays out. ( I'm not a massive triple bottom trader however, this one has me curious haha ) Have a good Tuesday! The Vortex Trader
NASDAQ:AAPLLong
by TheVortexTrader
1
Amazon: Triple Bottom!!Amazon Short Term - We look to Buy a break of 106.50 (stop at 99.65) We are trading at oversold extremes. 100.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Posted a Triple Bottom formation. Further upside is expected. Our profit targets will be 124.82 and 130.00 Resistance: 125.00 / 138.00 / 170.00 Support: 100.00 / 90.00 / 66.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:AMZNLong
by VantageMarkets
Litecoin prints a triple bottom and breaks out As you can see in the chart this is a book long, Lite-coin has managed to hold very well the support of 41.5 touching it three times that signals a triple bottom pattern. The pattern is confirmed once the price breaks the highest point between the bottoms that is 51.7. It broke out and now we have a wonder full entry after the retest of the breakout. I will enter a long position now at 53.2$ and i will take profit at 64.5$ and set a stop loss order at 50.5$ . I will be glad to see what do you think in the comments and if you agree with me give me a like, it helps a lot.
Long
by piccard54
DYDXUSDT wants to retest the Weekly supportThe price is creating a descending channel on the daily timeframe . The price created a double bottom on the weekly support, 4.35$ on the 4h timeframe the price is creating another descending channel. How to approach? The price is going to retest again the 4h support on 4.60$, if the price is going to lose it we could see a new retest of the weekly support, thus the market is going to create a triple bottom, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
Triple bottom on BLNKTake a look at BLNK. What a resistance we have at $26, yes this is a "meme stock" but we do like BLNK here technically. We are looking for a break and hold of that $26 level and in the short term will be taking profits at $27, $28, $29, and $30. From there we will see. Economic conditions will still not be great for tickers like this to perform well on a longer time frame, but we will play the short moves with the cards we are dealt
NASDAQ:BLNKLong
by ThirtyninethParallelInvestment