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Triplebottom

KOG - BASIC CHART PATTERNSThis is our first post in a series of posts about chart patterns. Followers of KOG will know we are technical traders so we are always looking out for candlestick and chart patterns as part of our trading plans and analyses. These are what we feel the 6 most common and basic chart patterns that you will find almost daily on the smaller time frames. During the course of this series we will look at each and everyone in more detail and give you live examples of how they work. TIP: When trading chart patterns its always best to wait for the neckline of the pattern to break, this confirms the movement in the chosen direction. Chart patters also work best at key levels of support and resistance and at the top or bottom of trends. For example, if you see the price is at the top of the trend and a Head and Shoulders pattern is forming, this is the first sign of a reversal on price. Below is a live example of one of our favorite chart patterns, the Adam and Eve. You can see how we identified the pattern and looked for the neckline to break which confirmed the movement in the direction we wanted. Hope this helps traders. As always, trade safe. KOG
TVC:USOILEducation
by KnightsofGold
8
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