Triple Top Reversal Pattern
The triple top is an inversion chart pattern that has three vertices at the same level,which makes it different from the head and shoulders,which has a larger center vertex than the other two.A breakout of support follows all three peaks.The peak are a is the resistance level in the pattern.
Triple top development includes a drop in over all volume with occasional increases when price hits high points.After the third peak, the volume increases during the fall and at the support level.
Through out this development,the pattern can take the form of a double top and other patterns as well.Traders also combine the triple top with other indicators to confirm the BEARISH cross after the final high.
Beginner Tip
Chainlink(LINK) coin
The Chain Link Network was first introduced in 2017. It was introduced by a person named Sergey Nazarov. Currently, he is the CEO and co-founder of Chain Link Network. Here they have started this network with the primary objective of providing the support of Blockchain technology to easily and securely exchange various information and data with the outside world. Simply put, their main purpose is to connect various information in the outside world with Blockchain technology.
I have explained to you many times in previous articles that we can get many benefits through Blockchain technology. Also, when I explained about VET Coin in a previous article, I explained to you that Vechain Blockchain provides the opportunity to exchange information worldwide through Blockchain technology. Here in Chain Link Network that facility is provided. But here they have surpassed Vechain Blockchain. An outdated technology was used.The name of this technology is called Oracle. Here, this Oracle technology converts the information to the Blockchain as required and performs the conversion efficiently as required by the medium receiving the information. In 2020, smart contract technology will be introduced and updated in the Chain Link network. Now this network is called Chain Link Oracle Smart Contract Network
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