Tripletop
XRPUSD Triple top forming on the 30min Triple top forming on the 30min timeframe for XRPUSD after we have seen the supply area around 1.43- 1.45 being tested unsuccessfully three times now. If we see another test at the 1.37 - 1.4 support and we break down below that we will retest 1.29 as that is the nearest support.
RSI and ADX seem to be under pressure downward as is the MACD.
A close above 1.45 would invalidate this.
Let's see what happens.
Not trading advice, just what I see ;)
What will happen to Bitcoinlets see how long bears can go :)
For having more precise analysis, We need to check Total crypto market cap too.
I'm using BTC/USDT Binance chart because i believe Binance is most effective crypto exchange.
Okay let's go
As you can see we have triple top pattern in Bitcoin and the neckline has been broken, Also we know that pattern like triple top usually happens at the end of the trend.
We have a downtrend and because of the pattern, We know how long can this downtrend continue.
Let's see when the downtrend will finish
To do that we need to find out Price return zones(support zones), In order to do that i use Fib retracements and Price movements(highs,lows and ...)
I used two waves for fibonacci retracement first one from around 9.6k to 64.9k(from bottom A to top3) and for second wave i used initial big pump wave which is from almost 21k to 64.9k(from Bottom B to top3)
Combination of Price movements and these Fib's give us important zones which are all visible in the chart and you can see them.
Let's have a quick check on Total crypto market cap
The chart bigger movement is still in the ascending trend but in short term we are experiencing a downtrend. I found important returning zones just like how i found them in Bitcoin chart
Conclusions:
1-We need to wait for both Bitcoin and Total cap return from one of those zones.
2-Bitcoin is retracing and after finishing the retrace we can expect continuing the ascending trend(Another impulsive wave).
3-Bitcoin and Total crypto cap have correlations and based on Btc dominance most of the Total cap is in the Bitcoin so when the Total cap rises we can expect Bitcoin to rise.
4-Bitcoin and Total cap bigger trends are ascending.
5-Bouncing back from those zones can be a long opportunity.(always wait for multiple confirmations)
Tips:
1-This is not financial advice and you need to do your own analysis.
2-Money management is the key and always use proper position sizing.
3-Feel free to comment what you think and check my analysis precisely so zoom in, move the candles and ... .
Thanks for your time
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 🚀
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).
MU Triple Top inside Triple TopI like the price action for a bearish play on NASDAQ:MU . This morning spiked to make a local triple top which is also creating a Daily timeframe triple top.
This is a good example of using Multiple Timeframe Analysis as I talked about in my last video idea, linked below. We are using a short term timeframe setup combined with a higher timeframe setup.
Options also have very good spreads.
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.
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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.
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.
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?
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.
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.
$RIDE PT 30 and higherLordstown Motors Corp., an automotive company, develops, manufactures, and sells light duty electric trucks targeted for sale to fleet customers. It primarily develops Endurance, an electric full-size pickup truck. Lordstown Motors Corp. was founded in 2019 and is based in Lordstown, Ohio.
EURNZD POTENTIAL SHORT4hr chart is showing a rejection of the 150EMA, we also have a triple top on the hourly with a lower high, lower low that's holding a bearish trendline within the channel. Scaling down to the 15min for the entry, looking for a breakout, then retest to confirm a short entry.
BNBUSDT BEARISH MOVEMENTAcc. to TripleTOP Trend i think BNBUSDT might fall till 120.
Feel free to share your analysis.
NIO Triple top with divergenceTriple top forming on Nio after break out.
Rising price and reducing volume.
I will add to my position at $40-$45.
H&S in TSLA?Is this kinda monster H&S be activated tomorrow? if yes, next target around 700 over pivot support / Fibo 38.2, but EMA 50 should be batted first. Other point of view could be a triple top, with the same target.
AUD/USD - Update to Simple StructureHere's an update to yesterday's idea.
We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!
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.
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 :-)
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!
Two Possible Scenario for BTC in my Opinion!1. Triple top shows sign of reversal and lower prices after an uptrend
2.Fib Retracement indicates major resistance at 78% & 61%,
If we break we could see moon shots!
3. Breaking those Fib Levels would also confirm a nice cup of coffee that would send BTC to new highs!
That Cup & Handle can make history but before that, we got to break those resistance level and cancel that triple top !
Let me know what you think!
EURJPY triple top on daily chartEURJPY formed triple top on daily chart. The daily trend is still upward, but now the price can break this uptrend line and fall to nearest support zone at 123. This is a good entry at market price for a low risk trade. Take SL around 128, and TP around 123.
