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SpartaBTC
Aug 10, 2022 1:00 AM

ATOM/USDT Secondary trend. Right shoulder area. 

Cosmos / TetherUSBinance

Description

Secondary trend. Time frame 1 week. Logarithm. Showing % of potential reversal zones depending on the overall situation in the crypto market.

Coinmarketcap: Cosmos

Line graph.



Local trend. Pivot zone. Time frame 1 day.



Main Trend Look at my previous idea published half a year ago by clicking on the "play" button on the price chart.


Comment

+25% to the 16.54 zone. +50% from pivot level 11.216

Comment

From the level of 16.604 (which became a reversal) the price fell by -32%. Now it has approached an important level-zone 11.216-9.729. If a breakout and consolidation under this zone is the final realization of the right shoulder of the "head and shoulders". Percentages and levels zones as before.

Comment

the "right shoulder" price is pulled up to the downtrend of the secondary trend (red). The level reversal zones are shown by arrows and the maximum medium-term potential from them.

Comment



From the pivot level of 8,429 +80%,
From the level of 11,216 about +35%

Comment

Potential "Ross hook" if local support of 11,216 is further held. Local reversal zones of support/resistance levels are shown.

Comment

Breakout of the local trend line and squeezing the price (by orders on both sides of the liquid exchanges in the required range) in a very narrow 5% range at the current 21-day (3 weeks) level of 11,216. With a high probability closer to April 12 there will be a decoupling.

Comment

about +15% exit from the price squeeze. Local pullback. Protect profits. In the next few days there can be a lot of “news”, from their direction “noodles hanging” and will depend on the direction of the trend.

Comment

The main trend. Time frame 1 week.

Comment

Comments
SwallowPremium
Very information rich, thanks for the ATOM post!
SpartaBTC
@SwallowPremium, Thank you
TheTradersAvenue
clean and clear buddy!
SpartaBTC
@TradingAxis, I try to show everything in detail on the price chart.
Solldy
Very, very timely idea. It's a great market and entry point for such a strategy.
SpartaBTC
@Solldy, Yes. Maybe a good entry point if risk management is followed.
pejman_zwin
Targets on the way🎯
FirstNameHelen
Love this style! Thanks for sharing your idea
SpartaBTC
@FirstNameHelen, Thank you
CobraVanguard
great idea
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