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Triplebottom

NZDCHF looking up 🦐NZDCHF on the daily attempt 3 times to break the weekly support creating a triple bottom. The market took the liquidity and is now moving upward, with a test of a resistance area. According to Plancton's strategy IF the price will break above the structure and the academy conditions will be satisfied we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
24
Atom Cosmos Next Triple Bottom?BINANCE:LINKUSDT Hello Traders, Atom is trading in ascending channel making higher highs and higher lows. Atom formed triple bottom during may-august and price increased 150% after breaking out of 16-17 support zone. Atom has been trading between 18-44 starting from September and forming a potential triple top or triple bottom which are reversal patterns. There was a 130% price difference between support and resistance zone bak in May-August period and we are observing approximately the same difference between support and resistance zones September-January period. If the price breaks above 45 I would open a long position and would expect at 100-150% increase in prices (80-100 USD). First TP 55 Second TP 75 Third TP 100 If not we could see new higher low somewhere around 25-26 USD, again which would be a good price levels to open a long position. Overall, Atom Is strong against Bitcoin and if there is a minor increase in bitcoin prices we could see 2-3x in Atom prices. Good luck and trade smart! (not a financial advice) Please like and share if you like my idea.
Long
by faridisayev
2
Lots of growth patterns. Spot Market - NEO/USDT Triple BottomHello my colleagues. I would like to explain to you a small trading situation that I am considering in the spot market. Work in parts and approaching the $ 23 level I see the situation as a triple bottom in the NEO / USDT pair also the formation in the future of the pattern INVERTED HEAD AND SHOULDERS + Expanding wedge ABCDE wave structure. in the next two weeks, I expect the price to exit this channel of accumulation. All to talk about the price has reached that level, to navigate in order to be able to do it Globally, the DRAGON pattern (W1 TF). At once at the moment of the right paw Happy trades everyone. Do not forget, everything will be in the mood of the market
Long
by pvvcryptotrader
Doge, possible triple bottom on daily chartAs we can see, Doge looks like it has touched the bottom the 3rd time. The neck line is around 0.34. The neck line is itself a resistance, so price target #1, and if it keeps bullish mode and break thru 0.34 and 0.44 resistance level, the potential target around 0.48, so target #2. This is based on the bullish scenario. Of course, it also depends on the overall crypto market, such as bitcoin performance. The actual result could turn out different due to unpredictable factors. This is not financial advice. Let me know what you think
GEMINI:DOGEUSDLong
by ChrisZDC
4
OKTA headed for a retest of the range?OKTA got crushed trying to breakout of the narrowing range. And fell out of it. It may have finally found support around its March 30 2021 low. It closed Wednesday just at the 100% level($219.51) of this inverse extension. Friday it not only gapped up slightly while the rest of the market sold off it retested and held the $219.51 level and closed the day at $222.69. I’m looking for OKTA to push back up to test the $230.80 level and beyond to try breaking back into this triangle. If it can do that I will follow these levels up to try for another breakout.
NASDAQ:OKTALong
by jmorg33
1
BTC UPDATEThe drop was unavoidable because there was a Falling wedge formation & a Bearish Divergence on both the daily and 4hr TF Following the drop to the 0.786 fibo level, BTC recently formed a Double Bottom Structure during which some buying volume was built up (white circle) on lower TF and then it bounced back to the high confluence area (purple circle), where some retracement was expected, which is currently taking place. The current scenario raises the following possibilities: 1.A rebound from the range 57300-56100 will validate a triple bottom structure, and we can expect an upside breakout if buying volumes increase during that period. Around 57.3k-56.8k is a POC Line (white line) and area that supports the possibility of a rebound; moreover 56100 is a good Pivotal Support region, the 0.786fibo level. All of these factors, combined with high volumes, can be interpreted as a positive sign for an upside breakout. 2.If we break below the double bottom structure we'll head straight towards 53.5k level which is the weekly TF 0.50 fibo level after which a bounce back to 56k can be expected. STAY TUNED.
by TradeHunterrr99
2
$AFMD Pump its been a while reasons for pump: after a long downtrend, price has formed a base above a 3 day demand block. price has had a bullish reaction off a triple tap of support (triple bottom). base looks to be accumulation with a bullish divergence on the daily RSI. unusually high v EMA's are beginning to turn upwards after much consolidation. looking to play the expansion phase of this consolidation, with an entry at the retest upon breakout. tp 1 = $8.47 (i expect higher) tp 2 = $11.00 stop below 12 hr breaker glhf
NASDAQ:AFMDLong
by DanielDimes
GBPJPY | Perspective for the new weekThe British pound initially tried to rally during the course of the week but turned around to show signs of weakness especially with the formation of an inverted hammer (a bearish trading candle that may indicate that price has reached its peak) on Wednesday. However, zooming out to the larger perspective on daily and weekly time frame, I have observed that price might be going through a correction phase that intends to test Breakout zone @ JY152 to incite a rally in the coming week(s). And with some level of patience, we can take advantage of a Bullish run if it finally happens. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Triple Bottom) | Breakout Observation: i.Since the beginning of October 2021, the Pound recorded an enormous 6.04% growth against the Japanese yet but gave up approximately 60% of its gain in the last 3 weeks to settle around the Breakout zone (which is also the Key level) @ JY152 area at the end of last week trading session. ii. In the last four months (between July and October 2021), we have witnessed multiple rejections of JY149 to set the tone for Bullish momentum. iii. After multiple attempts to overcome the Supply zone around JY152, the significant Breakout of JY152 recorded on the 8th of October reveals an emphatic breakthrough for buyers hereby supporting a bullish bias for me. iv. Technically, the appearance of a triple bottom look-a-like is a bullish chart pattern characterized by three equal lows (JY149 area) followed by a breakout above the resistance level (JY152 area). v. This important and strong reversal pattern reveals the strength at which the buyers are taking control of the price action from the sellers. vi. Following the major uptrend that began on the 1st October 2021, it appears price is going through a correction phase that might culminate around a 61.8/78.6% retracement of the impulse leg to incite a Trend continuation. vii. In this regard, I have identified a new Demand level around JY151/152 area for buying opportunities in the coming week(s). viii. At this juncture in the market, I am of the opinion that above the Key level @ JY152 remains a safe have to take advantage of a buying opportunity Caveat: Please note that it is likely that price go much lower if breaking down below the Key level happens in the coming hence it is important that I state here that above the key level remains our comfort zone to buy the Pound... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:5 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPJPY on a bull run 🦐GBPJPY on the daily moved as expected to the upside. The price after a triple bottom over a daily support bounced over the weekly ascending trendline. According to Plancton's strategy if the price will retest the weekly support and provide us a sign of inversion we can look for a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
HARTA may done long term correction. 29/Oct/21HARTA may completed its running flat pattern abc (green).. at RM5.440 where wave c (Green) price stalled at :- 1) Lower Trend Line ( Cyan/Light Blue Dashed) of wedge pattern/Ending Diagonal Pattern 2) Major Weekly Demand Zone (Cyan/Light Blue Slim Rectangle Box ).. Daily Chart might form a triple bottom where price will come close to RM5.550 before resuming up trend...Cut Lost for the long will be at RM5.440.. Target Profit is above RM20.00
MYX:HARTALong
by SteveTan
2
GBPUSD on a channel break 🦐GBPUSD on the daily chart reached the higher trendline of the descending channel. The price, after a triple bottom, took the liquidity at the 1.34200 area and started a quite strong uptrend. According to Plancton's strategy if the price will break above we can set a nice long order. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6