In cases of triple bottom pattern formations on a price chart, a bullish price reversal is likely to occur as its formation signifies multiple retests at key levels on a downtrend.
Triple bottom pattern formations may be an area of interest for many traders and investors looking to open long positions and buy digital assets at those levels.
Traders may need to be wary and take caution trading at those levels as prices can be very volatile at levels where a triple bottom pattern is formed. Good application and knowledge of sound technical analysis can help traders to trade proficiently and administer safeguards trading the triple bottom patterns.