Hi dear patrons, hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM).
On a 4-hr time frame, ATM has formed a bullish Gartley pattern:
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
Atm token is very close to support of nearly one-year trend.
Rsi is oversold.
I will look an increase in volume and the power in support level.
*not an investment advice.
In this long downtrend our wave cycle may be over.
Let's follow the moves.
* None of what i write here is not an invesment advice. Please do your own research before investing in any digital asset.
ANALYSIS 🔎
- ATMUSDT is bounded in the ascending channel (AC).
- Price is testing the ascending channel support.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant...
