ATOM/ISDT - Leading diagonal - Bearish Bullish Scenario
For this graph, We use Elliott Impulse Wave (12345) with eclipse tools
Elliot wave correction ABC and pitchfork tools MaCD
On this graph, we saw perfect leading diagonal Bullish Scenario
Verdict:
We open risk, Good buy at $2.9 - $2.850
Stop loss at $2.6 - $2.5 Blue bottom
first target $3.2 - $3.4 - $3.5
This is assuming that the BTC is still at 8k above
The Diagonal. Leading diagonals “lead” a 5-wave pattern (or the first part of a zigzag) — hence they appear in the wave 1 position. Ending diagonals “end' a 5-wave pattern — hence, they appear in the wave 5 position (or tail-end of a C-wave)
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.