USDZAR Triple bottom buying opportunityAnyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time.
Am I saying you should buy the USD?? No, I'm saying DYOR.
Confidence level 8/10
Please like and comment your thoughts. Interested to know what you think about this idea.
Goodluck!
Triplebottom
🔥 AVAX Triple Bottom IdeaAVAX has previously seen a strong rebound from the 22.50 area. This trade is based on that same idea.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
Ocean/USDT 1H. Solid triple bottom - Trend Line Break OutOcean/USDT 1H. I like stacking a few Ocean on the dips. Superb project.
Looking at the 1 hour chart: I see a very good triple bottom that has offered support multiple times, far left is a 4th touch and within the rectangle is a good support zone.
Buyers are not letting OCEAN dip beyond here 78 -80cents. All this and price action is within a larger ascending triangle structure that is bullish in its own right.
Trend B, the blue descending line has been broken and had a retest, I'm a bit early to call this, but I HODL generally and look for dips. That said, I do like the look of this chart. I'm looking and HOPING to see an ATH in the shorter term.
Also note support correlates to the Fibonacci retracement. 0.618.
Fundamentally OCEAN is a good bet. Worth a look.
EUR-AUD Will Go Up From SUPPORT!Buy!
Hello, Traders!
EUR-AUD established triple bottom and is looking bullish
Therefore, we are waiting for the breakout of the resistance
Of the small falling channel
And then we buy on pullback
With 4 targets in sight
Cover half after target 2
BUY!
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See other ideas below too!
$slv - getting ready for next legcancel out the noise from wsb and fintwit. technicals were not ready for the forced breakout monday, so chart looks wonky.
25-26 levels are tough, but once we get past them, we will see bigger moves.
triple buttom, cup and handle. call it what you want. it's bullish~
QLGN: INVERTED HEAD AND SHOULDER, BOUNCE PLAYQLGN
The price is retesting the neckline of the inverted head and shoulder . It is potentially a very good support for a long entry.
I'm playing the bounce with the red line as target (swing trade).
I'll close the trade if we break below the neckline.
Trade safe.
Selectquote is looking interesting after forming triple bottom NYSE:SLQT is close to breaking out of the triple bottom pattern, long the break of 24.36$ level to target the sell zone between 27$ and 27.77$ then 31.66$. Stop a bit far away ideally at 16$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
CCO seems to have bottomed outNYSE:CCO traded sideways for a while and formed a triple bottom, break out above 1.64$~1.69$ will target 2.05$ and then 2.43$. Stop level at 1.2$.
Hit the like button and follow if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
CMCM is showing bullish price actionNYSE:CMCM is break out from the multiple bottom consolidation area and is now target 2.38$, 2.54$ and 2.87$. Any pull back towards the break out level at around 2.15$ is buying opportunity. The move is backed up by positive earning for the past two quarters, it is always convenient to long stocks that are bullish technically and fundamentally. I would place my stop at 1.79$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
$iris USD Falling WedgeIris falling wedge. History repeats and we'll see it bounce back! Lets see how BTC reacts with $Iris. #Iris is oversold on the daily.
InvoCare Limited (IVC) - LONGInvoCare Limited (IVC) - LONG ASX:IVC
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 290 locations, and 16 cemeteries and crematoria under various brands. In addition, the company operates MyGriefAssist, an online grief resource Website; and MyMemorial, a Website that provides range of cremation and burial memorial options, as well as provides digital funeral planning services under the Funeral Planner brand name.
Technicals:
An entry could present itself on the break of the cup & handle pattern and establish a continuation of the preceding trend since September. Although TL has not been confirmed on the weekly, the 50 EMA has recently crossed the 100, with the 100/200 about to do the same. Back-testing similar pattern setups occurring on the break of the 200 has seen a handy upside profit in a short period of time. On the break of S2 with a reflection in buying pressure, the gap from back in March could be filled @ $13.00. It looks like it could possibly head to $14 at the extension.
This trade would be void if IVC does not break through S2.
Fundamentals:
Earnings are forecast to grow 35.91% per year
Forecast earnings growth (35.9% per year) is above the savings rate (2%).
Earnings (35.9% per year) growing faster than the Australian market (17.8% per year).
Earnings are expected to grow significantly over the next 3 years.
IVC's revenue (8.2% per year) is forecast to grow faster than the Australian market (4.9% per year).
Trading at 13.9% below it’s current fair value estimate.
Debt is well covered by operating cash flow (26.3%).
The CEO’s (Martin Alistair) total compensation is below average for companies of similar size in the Australian market and has been consistent with company performance over the past year.
Never take stock tips. Educate yourself and always DYOR while implementing a rigid risk management plan before investing your own money.
TAKE SOLUTIONS - Triple Bottom - Weekly chart - SwingThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target.
Logic, SL and Target is shown in image itself.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
Giant Ascending Triangle for Pepsi?Pepsi appears to be trading in an ascending triangle drawn in blue, but additionally, there's a noticeable inverted H&S, the blue head icon represents the head, and the two dark green lines are the shoulders.
I have placed a blue finger on the KST to represent a bullish cross.
On the RSI there appears to be a descending channel & potentially a triple bottom where I have placed the three blue fingers.
Let's See The Power of Triple BottomThere is a MainNet and it planned to launch until 15 December 2020!
Stacks 2.0 is coming at the same time as MainNet. Stakers will earn BTC while stacking STX after Stacks 2.0. You can confirm it from Blockstack's official announcements.
Now, let's look at the chart. I'm observing triple bottom formation. Also STX in oversold zone. Indicators which in oversold zone are Bollinger Bands %B , Relative Momentum Index, Relative Strength Index.
My discourses, my analysis and my drawings are definitely not investment recommendations. Cryptocurrency trading involves high market risk. Please take care of your transactions. My analysis is for educational purposes, I am not responsible for your losses.