Cosmos (ATOM) | bullish Cypher pattern for good long opportunity
Hi dear patrons, hope you are well and welcome to the new update on Cosmos (ATOM) coin with Bitcoin pair.
Previously we had good trade by ATOM, when it formed Cypher on a 4-hour time frame chart:
Now again on one-day time frame chart, the price action of the ATOM coin has completed another bullish Cypher pattern.
Buy and Sell targets:
Buy between: 0.0003504 to 0.0003318 btc
Sell between: 0.0003651 to 0.0004003 btc
Stop loss:
The maximum extent of potential reversal zone 0.0003318 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 20.50%, and the loss possibility is 6%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Previously we had good trade by ATOM, when it formed Cypher on a 4-hour time frame chart:
Now again on one-day time frame chart, the price action of the ATOM coin has completed another bullish Cypher pattern.
Buy and Sell targets:
Buy between: 0.0003504 to 0.0003318 btc
Sell between: 0.0003651 to 0.0004003 btc
Stop loss:
The maximum extent of potential reversal zone 0.0003318 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 20.50%, and the loss possibility is 6%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.