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Triplebottom

GBPNZD | Perspective for the new weekThe price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Triple Bottom) Observation: i. It has been a Bearish run for the Pound since mid-August, 2021 before it found a bottom at @ NZ$1.93300. ii. The line drawn over pivot highs is a visual representation revealing the prevailing direction of price action in the last couple of weeks. iii. Since finding the bottom, the price has gone through a consolidation phase that culminated into what appears to be a successful breakout of Key level @ NZ$1.94250 (Neckline) during last week trading session. iv. A successful Breakout of the dominant Bearish Trend is a clue that Buyers are beginning to gain momentum. iv. There is a retest of NZ$1.93900 following the Breakout on the 9th of Sept. 2021. v. Depending on how the event unfolds when the market resumes next week, the rejection of NZ$1.93900 could be a signal for a rally continuation. vi. The early hours/days of the new week might see a price plunge into NZ$1.93800 - a level that has been tested more than a couple of times since the beginning of the month (Sept 2021) before the rally begins. vii. This been said, above Key level @ NZ$1.94250 remains a comfortable area for me to go long in the coming week(s) with an opportunity to add to my existing position at Breakout/Retest of NZ$1.94750... 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
GOLD daily analysis 🦐GOLD on the daily chart after the triple test of the support area at the 1680 level is moving between 2 narrowing trendlines . The price after the recent high has reversed exactly over a daily structure at the 0.786 Fibonacci level and according to Ploancton's strategy IF the market will break above the resistance area and satisfy the Academy conditions 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
22
Algo making another attempt to break the triple bottom necklineNot yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
2
CTK ANOTHER LEG UP?The last CTK idea brought my followers a nice 40% profit. But this won't work if you don't set up your alarms for these levels. Looks like CTK found a local bottom and visited it 3 times... Now under the former support level, spiked nicely with good volume, but looks like that most traders decided to take profit under it. This small consolidation losing volume and could be just a pause before a breakout. If gets rejected, we have nice support for the target to take a SHORT trade. Might take some time, so set an alarm. GL Traders
by PhilosophersStone
GOLD on a potential bull move 🦐GOLD on the daily chart after the triple test of the support area at the 1680 level is moving between 2 narrowing trendlines. The price after the recent high has reversed exactly over a daily structure at the 0.786 Fibonacci level and according to Plòancton's strategy IF the market will break above the resistance area and satisfy the Academy conditions 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
10
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