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Triplebottom

DYDXUSDT wants to retest the Weekly supportThe price is creating a descending channel on the daily timeframe . The price created a double bottom on the weekly support, 4.35$ on the 4h timeframe the price is creating another descending channel. How to approach? The price is going to retest again the 4h support on 4.60$, if the price is going to lose it we could see a new retest of the weekly support, thus the market is going to create a triple bottom, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
Triple bottom on BLNKTake a look at BLNK. What a resistance we have at $26, yes this is a "meme stock" but we do like BLNK here technically. We are looking for a break and hold of that $26 level and in the short term will be taking profits at $27, $28, $29, and $30. From there we will see. Economic conditions will still not be great for tickers like this to perform well on a longer time frame, but we will play the short moves with the cards we are dealt
NASDAQ:BLNKLong
by ThirtyninethParallelInvestment
ANC/USDT TRADE SETUP! 100% PROFIT POTENTIAL!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ANC/USDT TRADE setup. ANC looks great here. Why you should buy ANC? 1. Breaks out from the falling wedge and currently retesting it. 2. Holding very important support of $2.64 3. Making a triple bottom-like structure. 4. Bullish divergence in RSI It's a low-risk and high-reward trade setup. Buy some now and add more in dips. Entry range:- $2.64-$2.78 Target1:- $3.22 Target2:- $3.42 Target3:- $4.32 Target4:- $5.80 SL:- $2.56 You can buy it on spot or you can also use low leverage(2x-4x) If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
ALong
by CoreCrypto1
3
GBPNZD LONG Hi Traders, I am happy to present a new idea. GBPNZD has been plummeting throughout the week and has however met strong support at the current market price. To be precise, the market tested the support twice and has proven even times for me that the downtrend is unlikely to continue. I am looking for buys because the market has created a triple bottom which means it is testing the current market price for the third time. GOOD LUCK, RISK WISELY SHOULD YOU AGREE WITH WHAT I SEE. DANK!!!!
Long
by Tokoloho
BTCUSD (12/03/2022)In today's analysis I bring two new basic notes on the (2h) BTC chart; REVIEW : We are going to make a brief review of the last publication in order to be able to base ourselves on the last analysis. The latest BTC analysis published on the four-hour chart exposed the most likely of the bullish moves, and so it happened. Through the reverse shoulder-head-shoulder pattern, the last "shoulder" was generated with a Higher Minimum and we returned to the Triangular Figure to test its top zone. NEW : On this time I bring two other notes and quite probable options to go very close, with some more zoom to the chart, (in 2h candles) for its compression in the top area of the triangulation. - (NOTE1) : Double Bottom The full price on the parallel channel that is forming a two-low structure, generates a higher minimum over them and attempts to retest the lower triangle area to try to break it and look again for its top zone. It should also be noted that it is quite common in these situations also the generation of the same structure but with triple bottom on the parallel channel. -(NOTE 2) : Lowest Low The price goes beyond the two minimums generated in the Double Bottom, generating a break of the micro structure and going to look for new lows with greater freedom. --- (It should be remembered anothertime that the situation in Ukraine is a geopolitical key factor for the supply of Raw Materials and Energy Trades in Europe and the entire World, any change in arms and military orders directly affects these markets and indirectly affects Bitcoin ) A greeting, I hope it would be helpful for some of you. ________________________________________________________________ Castellano: En el análisis de hoy traigo dos nuevas notas básicas en el gráfico (2h) BTC; REPASO : Vamos a hacer un breve repaso de la última publicación para poder fundamentarnos en base a ella. El último análisis de BTC publicado en el gráfico de cuatro horas exponía el más probable de los movimientos alcistas, y así sucedió. Mediante el patrón de hombro-cabeza-hombro inverso, se generó el último "hombro" con un Mínimo Mas Alto y volvimos a entrar a la Figura Triangular para testear su zona alta. NUEVO : Esta vez traigo otros dos apuntes y opciones bastante probables para ir siguiendo de muy cerca, con algo más de zoom a la gráfica, (en velas de 2h) por su compresión en la zona punta de la triangulación: - (NOTA1) : Doble Fondo El precio completa en el canal paralelo que está formando una estructura de dos fondos, genera un mínimo más alto sobre ellos e intenta retestear la zona baja del triángulo para tratar de romperla y buscar de nuevo la parte alta. Además hay que tener en cuenta que es bastante común en estas situaciones la generación de la una estructura similar pero con triple fondo en el canal paralelo. - (NOTA 2) : Mínimo más Bajo El precio sobrepasa por la parte baja los dos mínimos generados en el Double Bottom, generando una rotura de la micro estructura y yendo a buscar nuevos mínimos con mayor libertad. --- (Debe recordarse que la situación en Ucrania es un factor geopolítico clave para el suministro de materias primas y energía en Europa y en todo el mundo, cualquier cambio en las armas y las órdenes militares afecta directamente a estos mercados e indirectamente afecta a Bitcoin) Un saludo, espero que sea útil para algunos de ustedes.
COINBASE:BTCUSD
by AVNGL01
EURCHF | Perspective for the new weekMultiple rejections at the Fr1.0300 level after a year-long of bearish momentum appears to be a sign that we might be on the verge of a reversal that might lead into a corrective phase of the bearish leading price action that began in March 2021. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Triple bottom/Breakout) Observation: i.Since March 2021, the Swiss franc recorded 7.8% growth over the Euro to confirm a long term downtrend. ii. But after testing Fr1.03200 at the beginning of this year - 2022, we have witnessed the sharp rejection of this area from buyers which informs us of the seller's weakness thereby insinuating a possible reversal or retracement is imminent. iii. FR1.05000 level which has been a niche for selling opportunity was finally broken at the beginning of this month ( February) to emphasize some potentials for the buyers. iv. The third rejection of the Fr1.03200 area during last week's trading session appears to be the icing on the cake to go long v. However, considering the long term downtrend involved in this situation, a conscious approach is required to take advantage of a bullish momentum when it finally happens. vi. In this regard, a breakout/retest of the key level @ Fr1.04500 shall be a confirmation to join the rally... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days 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
GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is testing a confluence zone between the weekly resistance and a descending trendline. The price after a triple bottom over the monthly support started a bullish move with an impulse to the upside and retraced back to the 0.618 Fibonacci level. How can we approach this scenario? We will wait for the European market to open and check if the bulls will have enough strength to break above the resistance area. In that case, we will move on the 4h timeframe and if the price will break and retest the structure we will check for the application of the Plancton academy rules to 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
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