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parissap
Sep 22, 2021 9:46 PM

ATOM diamond pattern Short

Cosmos / TetherUSBinance

Description

#ATOMUSDT
ATOM completed the AB=CD pattern as I shared before.
now price needs a correction, so I think #ATOM is trading inside a diamond pattern which is a reversal and as you can see included 2 parallel channels.
price broke out from middle line of descending channel, but it seems that the middle line of ascending channel have strong resistance. although price may have go up to touch the upper line of descending channel that is the same as middle line of ascending one,, then a slow and boring down trend to lower line of descending channel, to touch the 0.5 or 0.618 fib level of last swing high.
Comments
ArmanShabanTrading
Always Impressive 👌🏼 You're The Best
kleimanb81
If it hit the 5 fib level without the presence of bitcoin crashing under 40 I'd give you my house
parissap
@kleimanb81, keep your house :)) it didn't go that way before you say this :)))
parissap
@kleimanb81, hi , you owe me your house :))))
kleimanb81
@parissap, my kucoin shows the low at 26.8...nonetheless you win. Unfortunately I'm renting an airbnb atm. You're welcome to stay. Has a hot tub.
parissap
@kleimanb81, ;) great send me the address
kleimanb81
@parissap, 228 Wildwood dr
kleimanb81
Are you using any fundamental analysis when making this prediction or pure technicals?
parissap
@kleimanb81, oh yeah sure i did and I take more than 90% profit from just this swing high. hope you did too, to buy a bigger house ;)
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