Triplebottom
CLSD - Triple Bottom. Huge Analyst Prediction Clearside Biomedical, Inc. is a clinical stage biopharmaceutical company, which engages in the development of drug therapies to treat blinding diseases of the eye. Its pipeline includes Suprachoroidal CLS-TA, Suprachoroidal, Suprachoroidal CLS-TA, and gene therapy. The company was founded by Samir Kumar Patel, Vladimir Zarnitsyn, Mark Prausnitz, Daniel H. White, and Henry F. Edelhauser in May 2011 and is headquartered in Alpharetta, GA.
Average Recommendation: OVERWEIGHT
Average Target Price: 5.50
SHORT INTEREST
2.26M 07/15/19
P/E Current
-0.48
P/E Ratio (with extraordinary items)
-0.72
HKEX:958 Potential profit 35%HKEX:958 has formed three bottom now. If it can successfully break the 2.5, the target would be 3.05, which will be around 35% return.
Now it has a bottom head and shoulder pattern with target 2.5. Let's see if it can break this resistance and head to our final target.
Cut loss @2.05
Target @3.05
Buy in @2.25
Intraday setup: USD/CAD analysisfocusing on the smaller time frame, the price has created its 3rd drive into that consolidation zone, the price has overextended into a key psych region. Am expecting a retracement towards the 1.32500 area
- Also, GDP for CAD is expected to be lower than previous stat, that could be the catalyst for the price to pick up momentum
great risk/reward of 1:4
Will ARK hold the triple bottom? Chart speaks for itself, can ARK remain in the horizontal channel?
Retesting the yearly lows between 650-700 sats
DRCBTC Is it a dream come true? Is it Near to break a bullish triple bottom pattern? MACD is positive from 2 days and I can see a bullish pattern on 2-4 hours frameset.
ETHBTC Ready to Make Up Ground!!Hello,
Just as I stated in my XRP analysis, that BTC pump caught me off guard just as it did many of you I'm sure.
BUT alts won't play. They are there for a reason.
Crypto veterans aren't going to sit around and hold all of their BTC and not capitalize on the pump.
They will look for good alts to gain even more wealth off of.
Expect ETH and XRP to get some love, as they are actually top players in crypto and on all major exchanges with the most liquidity in BTC pairs.
They are both showing signs of bottom against the BTC bleeding, so take a look!
Or who knows, maybe BTC pumps to 1 million and alts get left in the dust.
Seems... highly unlikely.
Good luck!
- CA$HLESS
Trade Ideas Analysis: EURJPY Triple Bottom2 ways of reading this trade setup, trend traders will read it as the bearish flag and counter-trend traders as triple bottom with RSI Divergence.
As a born counter-trend trader, I'm more into with the latter. I have already engaged the trade and see how this play out.
Great Reward: Risk and not all my decision is just based on that, for this trade there is no recent support level to allow me to have my sell targets to, hence, I will stick with my triple bottom.
XBTUSD 4H/1H charts (4/25/2019)Good morning, traders. Imagine thinking price hit the high and shorting already. Or worse yet, remaining short and not buying the dip yesterday. Of course this is only a sad predicament if you believe price will head higher before heading lower. I continue to remain long at this time. Nothing has changed, in the larger picture, to warn me that I need to exit my long yet.
The 4H chart shows price doing what it was expected to do as part of the re-accumulation scenario. RSI continues to be supported by the ascending line and Stoch RSI has crossed bullishly but is still well in oversold territory. Price is currently testing the top of the resistance level, which marks the top of the TR as shown, while printing a flag. If we take the flagpole as the length from the ST Area to the SOS, then a breakout through the flag's resistance would set up a target at purple ascending channel's resistance around $6300.
The 1H chart shows a potential triple double bottom in the local TR with a target of ~$5615. A close above $5485 would confirm the pattern. This triple bottom is printing after the recent triple top and marks the target of that triple top pattern. Once price clears the descending channel's/flag's resistance, that opens up the much higher target mentioned earlier. With shorts continuing to rise, we can assume that a break above the horizontal red line will begin a short squeeze that could propel price toward the upper target. That $5690 level is the swing high of the supply created in November after price broke down through $6000, and there is little-to-no market interest until around $6300 which aligns with the flag's target.
The vertical red line denotes tomorrow's CME April Bitcoin Futures expiry, with the blue vertical line denoting May's, and the green vertical line denoting June's. As mentioned yesterday, bearish divergence is printing on the daily chart. This would seem to suggest that price should be headed down, however wave structure, patterns, the large ascending channel, and the re-accumulation zone seem to suggest the final pop up before a retracement. It does not guarantee it though. In either case, if you are already in a trade or are thinking about entering one, you should have two plans: the first is your exit if price takes the path you think it will and the second is your exit if price takes the path you don't think it will. If you do not have both plans in place, then you shouldn't be in a trade because you will most likely trade emotionally, especially if price moves against you, and trading emotionally loses money.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
GBPUSD (more detailed analysis)FX:GBPUSD
W1:
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
D1:
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
H4:
We have a triple top (at the above green zone)
Price is currently ranging between the 2 green zones (top & bottom)
So if price breaks down (the bottom green zone) ...we will have a very big shorting opportunity with a lot of pips to be made (of course after a retest of the zone)
if it doesn't...then we buy and set our TP at the above green zone (tested 3 times & trendline confluent zone) FX:GBPUSD
FET Triple BottomBINANCE:FETBTC has completed a triple bottom which gives us good reason to believe the bottom is in and we will start to go up from 3800 sat. You can enter now if you're risky or wait for the downtrend line to break or even at the triple bottom resistance at 4100 sat or so
"A triple bottom is a bullish REVERSAL chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level."