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Tripletop

DOGEUSDTDoge has gone too far more than other alt coins. Majority of the alt Coins fall but Doge stood strong and made a new high. So our next question is SHOULD WE SELL NOW? WILL DOGE CONTINUE IN BULISH? FOR HOW LONG WILL IT KEEP MOVING HIGH? So to cut everything short, Doge has been in Bullish for days and it's came to a point where sellers are pulling the price down. Doge 1st made a double top and fall to the trendline support, and bounced back. Now it forms a triple top which will eventually break the support trendline. Till then we will analysis it's Bullish form HAPPY TRADING 🚀
BITTREX:DOGEUSDShort
by orisberry
EURUSD D1 Bearish ViewEURUSD bottomed at 1.1704 and then rebound to 1.1993, slightly above MA 50 Daily and 1.2000 level. It likely that EURUSD would form Triple Top, as EURUSD has tested 1.2000 twice in last March. First Scenario: Below 1.1950 would open the way to 1.1835. IF it still continue going down below 1.1835 then the next target is 1.1700. But IF it just stop around 1.1835 and rebound, then it possibly could form Inverted Head and Shoulder pattern by testing 1.2000 again. Second Scenario: A break above 1.2000 would invalidate First Scenario and EURUSD could continue its Bullish View to test 1.2180 first, then 1.2240 as next target. Anyway, I prefer to choose The First Scenario (Bearish View).
Short
by Wahyu_Luck
EURUSD at the top of the channel 🦐EURUSD on the 4h chart reached the resistance zone at the 1.19880 level creating a possible triple top. Moreover the price is moving inside an ascending channel and now testing the top of it. According to Plancton's strategy if the conditions will be satisfied we can set a nice short 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.
Short
by InkyGrip
2
EURJPY testing the recent highs 🦐EURJPY is moving near the 130.600 area at the recent highs. The market after a new test of the resistance created a triple top. According to Plancton's strategy if the price will break below we can set a nice short 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.
Short
by InkyGrip
2
EUR/JPY - Key Technical Aspects on this Chart!Some really key technical elements on this chart you must be aware of when trading forex: 1. Key Levels in the Market. Where price has tested this level as support and resistance. 2. Triple Top Formation - Price has tested and failed to break three times. Reversal indication? 3. Break and Retest Setups - Trending markets where price has broken through resistance, retraces to test a level as support before another push to the upside. Will we see a push to the downside on this pair?
Short
by Jal121
Bitcoin possibly finding its top, see you at $39,000?There are many signs now in the mix that would make you think Bitcoin has finally found its top. But with the market like it is nothing is certain especially right now. But for those who would like to see the possibilities ahead in a bearish point of view here you go. Point 1: We are in a huge RISING WEDGE that has been broken down out of and finding resistance at our old demand line. Point 2: Depending on how you look at the price action there is also a 2nd rising wedge lol. SEE BELOW Point 3: Within POINT 2 there is also the possibility of a BEARISH CRAB PATTERN. SEE BELOW And last but not least POINT 4: TRIPLE TOP SEE BELOW So, I've made my point, and I am in no way saying to short this asset because obviously the trend is crazy strong so who knows what could happen. But I tend to think that with the great discount we have on equities at the moment there will be a change and crypto will go through a stronger correction before it picks back up. Good luck traders.
BITSTAMP:BTCUSDShort
by ElPsyKongroo369
4
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account. The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here. All you can do is take a controlled affordable loss (aka stoploss). This is positional play for finding a trend south on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker
LAZR- Increasingly crowded LiDAR spaceWhile VLDR focuses more on LiDAR's robotics and industrial application, LAZR is solely focusing on LiDAR's application in the automobile sector. According to Orlando news, LAZR has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG and Volvo, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively. MobileEye's potential plan to build its own LiDAR, along with LAZR's lofty valuation compared to its peers, may negatively affect LAZR's price in the short run. However, Volvo's plan to roll out a level 3 car in 2022 using Luminar's LiDAR, Mercedes's partnership and LAZR's singular focus to build LiDAR that is commercially viable for mass-produced consumer cars should keep LAZR's share price afloat in the foreseeable future. In the short-term, I expect some lvl of price uncertainty as Innoviz has already gone public and so will Aeva in the near future in this increasingly crowded LiDAR space.
NASDAQ:LAZR
by Libratus
BTC - H1 - TRADING IN THE ZONE -ASCENDING TRIANGLE & TRIPLE TOP H1 : Within the broad rising wedge in progress, there is an ascending triangle in progress as well. Usually, this kind of pattern breakout on the upside... Nevertheless, indicators do not confirm such kind of price action yet. Indeed, all of them are still for the time being in bearish divergence mode. Globally, in this time frame, the main support indicatore remains the uptrend line support which should be screened very carefully for further development. Scenario BULLISH : Upside breakout of the ascending triangle would open the door for higher levels towards R4 line resistance area (wait confirmation b4 going long, indeed breakouts are very often followed by a pullback towards the breakout level !) p ! Scenario BEARISH : (potential triple top !) A failure to stay inside the ascending triangle, followed by a breakout of S2 support trend line would put the focus on the downside again towards the clouds support area (47200-46400) Interesting to note that S3 rejected yesterday's intraday breakout @ 46231 As usual, screen shorter time frames to get confirmation or invalidation of view expressed in H1 Have fun all the best :-)
BITSTAMP:BTCUSD
by Ironman8848
1
USOIL might decrease (or not?)Hi very one This is the USOIL chart which shows us that the chart has formed a triple top pattern (shown in the picture) which you might think that the price will decrease but please note that there are two divergences which makes us think otherwise! So there can be two scenarios: 1. The price breaks the support line and will decrease due to the regular bearish divergence (-RD) and the triple top pattern! 2. The price can't break the support line and will obey the hidden bullish divergence (+HD) and ignores the triple top pattern as well. You just have to wait for the breaking of the support line which will happen in short time after that we can make deals with more assurance!
TVC:USOIL
by CobraVanguard
10
COLPAL - Breakdown from channel + Bear Flag + Triple TopThis analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Traders can take advantage of this analysis in intraday trades as well. Entry can be made below the low of Doji candle formed at the end of the day or small pullback and the rejection candle. SL can be placed above the high of third Top (out of triple top formed). Targets are shown in the image itself. Logic for the trade is also explained in the image itself. This analysis is purely for education purpose. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. . Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
NSE:COLPALShort
by AdityaKarn90