#Educational
Triple Bottom
A triple bottom pattern shows 3 different small lows at around the similar amount. The triple bottom is regarded to be a difference of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern.
The only option which distinguishes a triple bottom from a head and shoulders bottom is the lack of a “head” between the two shoulders. The triple bottom shows a downtrend in the procedure of becoming an uptrend. It is, therefore, vital to the validity of the pattern that it commence with prices moving in a downtrend.
Triple Bottom
A triple bottom pattern shows 3 different small lows at around the similar amount. The triple bottom is regarded to be a difference of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern.
The only option which distinguishes a triple bottom from a head and shoulders bottom is the lack of a “head” between the two shoulders. The triple bottom shows a downtrend in the procedure of becoming an uptrend. It is, therefore, vital to the validity of the pattern that it commence with prices moving in a downtrend.
After reaching the ceiling of the channel, the #RVN price could not cross it, and the price decreased at the same time as the market fell. The price decrease will probably continue until reaching the support of 0.0270 - 0.0265 $.
#CKB has a good dynamic support, if it is maintained, the price will reach the resistance of $0.00780-0.00830.
#OKX issued an announcement saying that the #CELT token project manipulated the market, and finally returned 1.3 million #USDT after communication.
#OKX will deduct 2.01 million #USDT from five suspicious project accounts, and donate 1 million #USDT at the same time, and #airdrop it to the damaged users.
#OKX will deduct 2.01 million #USDT from five suspicious project accounts, and donate 1 million #USDT at the same time, and #airdrop it to the damaged users.
#Mastercard and #Visa set crypto plans on hold amid market decline.
#Blur is leading the race with between 4 or 5 trades per user on a daily base, while OpenSea sees on average of two daily trades per user
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The price of #DYDX has broken the dynamic resistance and will probably grow up to the specified resistance, and if it can break the resistance, its next target is $3.6
#FTM price has reached the important support of $0.4140-0.4300. Considering the weakening of bearish candles, we expect the price to be well supported. If it can overcome the resistance, it will grow well.
#Educational
Inverse Head And Shoulders
The inverse head and shoulders chart pattern is used to predict the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders,
traders can draw a neckline between the shoulders and the head – the two peaks between the low points- showing that prices are likely to rise.
Once the pattern completes itself and the neckline has been broken, traders can determine profit and price targets.
Inverse Head And Shoulders
The inverse head and shoulders chart pattern is used to predict the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders,
traders can draw a neckline between the shoulders and the head – the two peaks between the low points- showing that prices are likely to rise.
Once the pattern completes itself and the neckline has been broken, traders can determine profit and price targets.
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#Chainlink has launched a new developer platform called Functions, aiming to connect web3 apps with traditional cloud software.
#Educational
Triple Top
Three consecutive, roughly equal peaks which may at first resemble a double top. These peaks represent failed attempts to break through an area of resistance. Each test of resistance is typically accompanied by decreasing volume, until a breakout in price occurs with an increase in volume. It occurs after an extended uptrend and often represents a reversal pattern that indicates a minor, if not long term, change from an uptrend to a downtrend . Trading volume trends should also be employed to confirm the strength of the signal.
Place a SELL order when the price breaks through the support line and completes the pattern.
Triple Top
Three consecutive, roughly equal peaks which may at first resemble a double top. These peaks represent failed attempts to break through an area of resistance. Each test of resistance is typically accompanied by decreasing volume, until a breakout in price occurs with an increase in volume. It occurs after an extended uptrend and often represents a reversal pattern that indicates a minor, if not long term, change from an uptrend to a downtrend . Trading volume trends should also be employed to confirm the strength of the signal.
Place a SELL order when the price breaks through the support line and completes the pattern.
#VIDT has broken the dynamic support and we expect the price to decline to the support area of $0.019.
#Bitcoin price reached $22,000 after falling more than 5% today and is expected to continue to decline after a minor correction.