ATOM / USD Main trend. A cup. Triangle. 18

The chart shows the main trend of a cryptocurrency like ATOM against USD. A cup with great potential has formed. Now, after the breakdown of the resistance of the cup, a rollback is taking place and the same huge symmetrical triangle is being formed. Entering the side of a breakout on a breakout or pullback.

If there is a breakout downward, a downward channel will form which will act as a handle to the Cup and Handle formation.

If this triangle is broken upwards - working out first the targets of the triangle and in the course of the trend and cup targets. One of the few trading tools worthy of attention among the thousands of menageries of the crypto "scam of faith".

This cryptocurrency is suitable for accumulating large positions and as a result of positional trading or just banal investment (my article in 2018 "Active Hold").

I have been trading this cryptocurrency for over a year. My trading ideas are published on this site for trading this pair, secured under the description. See for yourself the accuracy of the forecasts. I trade in two pairs against USD and BTC, using the difference in cycles in these pairs.

I am very pleased with the work. Compound interest works wonders. The main thing is to be able to wait and be flexible in work, working in two directions. An revision will most likely bypass this cryptocurrency, but it will quite possibly give an excellent opportunity to purchase.

I wish all smart people a big profit in the market, as well as patience and understanding of future events.

Trade closed: target reached:

Inside the triangle from support to resistance + 37%. Now a pullback, the price is pinched into a corner Here there will be a denouement, with a high degree of probability a shot up. But you also need to be prepared for the unlikely outcome of the movement. Triangle junction soon.

Trade active

Comment:

+ 70% from the breakout of the triangle resistance or more + 100% from the triangle support. #ATOM # Profit

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+ 45% from the breakout of the triangle to the specified local resistance level. A channel has formed in this range with a step of 67.17% Exit towards breakdown. Most likely up, but if there is a decline and a "canyon" is drawn, then up to the uptrend line (green) and from it a rapid rise. The coin is suitable for accumulating position in a trend. In due time, ATOM may well justify its middle name and become COSMOS for the majority ...

Comment:

+523% as shown earlier 40.23 (4/666). Also pay attention to the 6.5 8.95 16.67 30.21 40.23 drops and the clarity of their future workout, because they were shown in advance. Consequently, these prices have not yet "felt the price" on the past history of the chart (new highs).

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Schematically shown on the chart.
The formation of a large bullish triangle (the final part) in case of a breakdown of the downtrend (+70% to resistance) and then in case of its breakdown of resistance and the breakout (could also go down from resistance—then it would be a triple top) to the fantastic channel targets. The targets to the main zones were shown on the chart.

After all the “tambourine songs” at or near the top of this uptrend—a break-down. Formation of a big “Head and Shoulders”. Targets on the major zones shown on the chart.

As I said before (a few years ago) this cryptocurrency is good for accumulation by trading large positions (there are few of them). Only one point. Do not keep everything on one exchange, no matter how confident you are in it.
Diversify both where you work (trade) and where you keep your cryptocurrency. This is important.

Comment:

Medium-term work. Secondary trend. Timeframe 1 day.
Close-up of the trend reversal or continuation zone (which determines which trend will develop).