TRIPLE BOTTOM!! 3 months in the MAKING. Target USD 45,800a breather is a good thing always. retrace to 40 to 41K.
Triplebottom
Triple Bottom Pattern ✅Triple bottom is a bearish reversal pattern. it indicates change of trend from bearish into bullish.
BBY DailyNYSE:BBY broke the top trendline and now all 3 EMA's (5, 20, 50) are turning up together.
Also had a small triple bottom.
$CRV Potential Bounce Potential bounce for $CRV to the top of the lower range. flip levels, long to the next. not entirely convinced downtrend is over but we should get a decent bounce as long as bitcoin holds.
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 ;)
USD/JPY longThe pair has formed a triple bottom pattern but before entering the trade we need to wait for conformation by waiting until it breaks out of the first resistance line hits back onto the area making it a support line then making your TP the second resistance line. I have forecasted what it may look like if it works on the chart.
QGEN WeeklyNYSE:QGEN weekly gave a bullish engulfing at the 5 and 20 EMA crossover along with MACD crossing up. This is after a triple bottom process around $46.
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
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 ;)
Amazon Triple Bottom1. Amazon just completed the third bottom of a triple bottom that began late last week. High probability pattern that should be followed by strong upside.
2. This triple bottom is also just under the key level of 3700.00, showing there may be a support range from 3695.00-3700.00 that will allow uptrend to resume.
ATOS: breakout play on watchAtos has formed a nice consolidation/ bottoming base , with a clear triple bottom.
Change of trend coming?
Watch for breakout.
All levels on the charts
$BHTG TRIPLE BOTTOM$BHTG TRIPLE BOTTOM
Patterns repeats...
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BTC BULLISH BAT PATTERNBitcoin has been consolidating around the 88.6 fib level of the bat pattern. If you notice it has hit that area 5 times and every time it gets rejected(BULLISH) it is currently printing a higher low. For better confirmation wait for price to brake $42k . Good luck!
intraday chart pattern price made triple bottom at the blue horizontal support. now it is making sideway correction in form of triangle chart pattern ready to breakout
wait fore clear breakout .
All this bottom talk.... on to a triple bottom?????tired of explaining just look at the chart... the internet is undefeated, with new BTC addresses down this could take a tumble but not sure I am quite there on a 24/25k level yet..
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.
IS ETC READY FOR BLAST OFF? #BLESSEDPIPS WITH A STRONG HOLD AT SUPPORT AND A LOT OF POSITIVE CRYPTO NEWS THIS WEEKEND. THINGS ARE LOOKING POSITIVE, LETS SEE WHAT HAPPENS.
#BLESSEDPIPS
Continued Wyckoff Accumulation Change in Plans In my earlier post about Wyckoff I estimated that the total corrective wave would have played out earlier. However it looks like the first wave was extended a lot to the low on the 28th of March. As of now I extended Phase B a little more to make sure the essential waves are in play before we head on to Phase C. Last night we found support on the 0.5 fibonacci trend-extension (the trend of the high of march 27th to low march 28th to high march 28th). After this is rallied back to the .618 fibonacci of the very first wave of phase B. This also created a double top *, which in most cases is a bearish scenario when there is a close below (3) around 34,900. When this happens we could see a drop to the .786 of the earlier mentioned fibonacci trend extension, or in the worst case scenario we could go for a test of the support line.
At the moment of writing bitcoin is also testing the .382 of the first wave, when this holds a triple bottom is created which is a bullish scenario when it closes above the double top mentioned before. Just keep the two scenarios in mind. When there is no breakout into either direction a trading range can be established over the weekend and could result in a volatile Monday.
* the double top is also supported by a 1.272 fib trend extension of the last 6 weeks. In the chart below you can also see that the target of Spring is somewhat at the same level of the 1.618 extension.
TUP breaking out of the sideways price actionNYSE:TUP is expected to go march higher. Anticipated price action and targets are shown on the chart, stop daily close below 50 MA.
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!
GBPUSD Triple bottomGBPUSD is currently retesting a support area, we can expect the price to at least go back to the nearest local high.
ANKR daily looking primed ANKR
Daily chart here looking like we have a bull flag / triple bottom in the making. Targets will be back to .13/14 range of resistance
From there back to the all time high of .21 then the .618 fib. I feel when we get to that point it runs we will break above the top of the Fib an run towards $1 on the spike/wick before we come back down to the mid .60 range on the first burst. This should start to come to fruition over the coming days and weeks. Unless bitcoin gives us all a middle finger.
