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UltimateCryptoTrader
Oct 27, 2021 4:41 PM

ATA/USDT Price action analysis: Formed triangle and my target. Long

ATA / TetherUSBinance

Description

We now observe a new resistance that forms a triangle.
However, we will be interested in the resistance wall of this triangle.
As soon as we break it down & confirm it in support, I will expect a bullish move.
I will want to see a thorough confirmation so that there is not only a wick left, as in the previous case.

Each subsequent Fibonacci level indicates resistance.
In order for any bullish movement to continue, it will be necessary to break through & confirm the upcoming Fibonacci level in support so that further resistance can continue.

My first targer should be zone in green box where is confluence 0.5 Fibo level + Peak of Volume profile, this zone is the real magnet.

We are monitoring this situation and more inform will be shared in our group.

Happy trading, Alex_UCT
Comments
WanforTheTrader
I'm really proud to be a member of your group. 🔥🔥🔥
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