USOIL after a triple top rejection of the resistance area retraced at the 0.786 Fibonacci level. The market from there started an impulse to the upside and currently testing the 66 level. According to Plancton's strategy if the market will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
EURUSD is Breaking its Triple Top at 1.2185. While Above 1.2185, EURUSD would target 1.2290. But, Failing Above 1.2185 and break below (1.2100, its Double Bottom) again, would open the way to retest 1.1990.
After strongly rejecting 1.21700 level with a triple top formation, we could see EURUSD turning bearish, especially after the dollar showing great recovery yesterday with good CPI numbers. Should EURUSD reject the 1.2115 level drawn in, we could see a continued push to the downside to close the week off bearish. Happy trading and always practice risk management!
Simple Analysis of a Triple Top forming on the EUR/USD
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...
lets 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...
Doge 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...
EURUSD 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...
I 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...
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...
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...
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...
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...
This 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. ...
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4hr 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.
Acc. to TripleTOP Trend i think BNBUSDT might fall till 120. Feel free to share your analysis.