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Triplebottom

Bounce, Bounce, Bounce... BATUSD ready to fly now?!?!?Hello Trading View Community, After bouncing and making what looks like a triple bottom around the 0.45 zone, looks like BATUSD might try to push out of the current resistance and test our 0.382 Fib level. RSI has also been confirming a bullish trend but one thing to note is the small bearish divergence that may by forming but has not been confirmed. Thank you guys for checking out this idea on BATUSD. If you find this analysis useful, support with a simple "Like" or "Follow". Trade carefully and remember these are just ideas, not trading advise
KRAKEN:BATUSDLong
by jnpTrends
2
Triple bottom on Cardano appears to be triggering; target= $2.79We can see Cardano is confidently above the neckline of the triple bottom now, and barring any crazy unforeseen black swans it should continue it’s bullish impulse tot he triple bottom breakout target around $2.79-$2.80. The next bullish impulse should send price action to that zone, although it may attempt some sort of brief cup and handle formation on the way there. This TA aligns perfectly with Charles Hoskinson’s announcement of Cardano’s smart contract date.
COINBASE:ADAUSDLong
by DrDovetail
1
NEXO - potential reversal, back to bullish price actions?Dear Nexonians After i watched the NEXO Chart for a while now i wanted to share my thoughts with you, because there are multiple signs of a HUGE reversal coming in the near future, if that happens i dont want you to miss that. First of all we have to consider that BTC will lead most of the movements in the market right now, so BTC also needs a bullish continuation for NEXO to play out like that. We also have to consider that NEXO's perfomance itself just like announcments, FUD or technical problems could have a bullish as well as bearish impact on the chart. Now that we all consider these things i want to start with the explanation of my TA. At the moment there are multiple bullish signs that speaks for a BIG reversal. The first thing i want to mention is the tripple bottom (red curves), as you see its similar to the most charts atm, also BTC had a similar triple bottom which already played out, so it looks like that this triple bottom had more weight than we thought and it seems like NEXO is lagging behind so i think this could be a important factor for the potential reversal. The second important factor of this potential reversal would be the clear "W" pattern also known as "cameltoe" which is forming right now, if we break out of this pattern it could lead us to a even faster rise with big momentum, so the breakout would mean even more fuel for the way up. If that pattern doesn't play out like that, it wouldn't be a bearish sign it could just mean that we are seeing more sideways action in this channel before breaking out somehow. In addition to these two factors, there is a bullish divergence which is also a strong bullish sign and with the other two factors it could lead us through this breakout because the resistance(C), where we at right now, seems kinda strong. So we need the momentum from the "W" pattern and/or triple bottom in addition with the potential upside correction from the bullish divergence to breakout and going to higher price levels or even to a new ATH. If we breakout of this resistance C, i think the next battle would be between the D1 and D2 resistance because there is a strong demand and supply zone, so we will either going sideways between them or we going back to the resistance C to retest the breakout or to hold the line. In my opinion we will only drop more if BTC does hard, in that case i think we will not drop more than the support A, anyways as long as BTC will move sideways or up i think we are in a very good position to get this BIG reversal. We also have to keep watching what NEXO itself does because a lot of the BIG movements in the past were around an announcement or a new feature. STAY TUNED AND BE CAREFULL! I would love to hear your opinion on all this in the comments. See you there ;)
Long
by monotrix_
2
Silver at key support! Is the sell off over?!Silver is trading around an important weekly handle, looking to the left you can see how pivotal this area is. If it fails to hold we could see further downside to mid/low $23 levels. On the other hand, we are already starting to see buyers re enter the market at these discounted levels so we could see another bull rally to continue with the larger uptrend. Key levels to keep an eye on is the $25 handle and if the weekly close is comfortably above this or not. Price alerts set for further downside to look for entries. If you have any questions please comment. - Nick
OANDA:XAGUSDLong
by IroncladFX
YFI / BTC - Triple Bottom A or Triple Bottom B?Super quick and simple chart - YFI / BTC has two opportunities for potentially forming triple bottoms, either of which could lead to some pretty nice gains. Triple bottoms, when they do occur, tend to create a strong rejection of the downtrend, so we'll be looking for that to confirm either one of the two ideas here: - Triple Bottom A - forms where we are now and we head up, after having double bottomed, rose sharply, and corrected- as of now re-testing the neckline of an inverted head and shoulders from the 2nd bottom. This idea negates Triple Bottom B - Triple Bottom B - we fail to form Triple Bottom A and continue correcting, re-visting bottom for... wait for it... a 3rd time This idea requires Triple Bottom A to fail. Goals - get above the red box to confirm either. - Triple Bottom A is invalid if we go well below the green box in the middle (below the two yellow lines forming the neckline of the inverted HS) ...but... this opens up the possibility for Triple Bottom B - Triple Bottom B is invalid if we get well below the bottom green box and this entire idea fails altogether ;)
Long
by dudebruhwhoa
3
$BHTG TRIPLE BOTTOM$BHTG TRIPLE BOTTOM Patterns repeats... BioHiTech Global, Inc., through its subsidiaries, provides technological, biological, and mechanical engineering solutions of organic and municipal waste worldwide. Its suite of technologies includes on-site biological processing equipment for food waste, patented processing facilities for the conversion of municipal solid waste into renewable fuel, and proprietary real-time data analytics tools to reduce food waste generation. The company also markets Revolution Series Digesters, an aerobic digestion technology solution for the disposal of food waste at the point of generation; and High Efficiency Biological Treatment Resource Recovery Technology to process waste at the municipal or enterprise level. In addition, it offers BioHiTech Cloud and Cirrus mobile applications for digester customers. Its principal customers include producers of food waste. The company serves healthcare, grocery, prison, retail food service, education, and hospitality sectors, as well as food distributors, convention centers, hotels, restaurants, stadiums, municipalities and academic institutions, and stadiums. BioHiTech Global, Inc. is headquartered in Chestnut Ridge, New York.
BLong
by BADQOMOCAWGOWLD
Illuminia ILMN triple bottom reversal breaking out This could be a triple bottom or an inverse head and shoulders depending on your interpretation. Seems today this broke out of both formations and had a failed attempt to get through a very nearby resistance at $431.19 I'm a buyer with a close at $432 or above but also wouldn't be surprised to see a slight pull back to the head and shoulders line of the $420 range for a second entry opportunity. It should act as a support level now the shape is broken. For extra encouragement it looks like 21 day and 50 day SMA are due to cross. Also worth waiting for this move to play out before entering. For those of you with a preference for EMA I'm guessing it already crossed but check for yourself.
NASDAQ:ILMNLong
by JBlack99