TradingView
pawnuts
Apr 2, 2018 4:09 AM

BTS Tripple Top Breakout Formation 

BitShares / US DollarPoloniex

Description

It looks like on BTS triple top breakout formation is coming together. To my untrained eye it seems that BTS triple bottomed bouncing off support at about $0.12 before breaking through resistance at about $0.13

I used the horizontal count method to create a preliminary price target zone if this breakout signal is confirmed.

Comment

Resistance around $0.15
Rejection at resistance if 3 box reversal.



Ideally, I would like to see the price come one or two boxes above the resistance level before reversing.

Comment

Pattern Failure. Starting a new Idea.
More