#ATOM/BTC TA chart :-
#ATOM currently trading at 3300 Satoshi.
Trading at Very strong support level.
If break down mean supper bearish but bounce back from Support and now trading above support.
Entry:- 3000-3300 Satoshi
Targets:- 4000/4400/5200/6640 Sat
Stop Loss:- if any candle close below 3000 Satoshi then exit manually.
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ATOM / BTC
🌟 TECHINCAL ANALYSIS🌟
Potential double bottom on small time frames
If btc keep stable or at least dont drop hard ..bullish Breakout is expected
If Breakout happened according to our strategy we can set a buy order
Please Have a plan before trading and use stoploss
Good luck and...
- false break out
- full ATR
- historical level ( It was not possible to punch twice. )
let's do correction*
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Atom is one of the most legit projects in the crypto space.
It rallied to a price that is close to it`s all time high.
But now it seems like the buy fuel has exhausted, since the two wicks did`t managed to keep the uptrend.
So on the lower timeframes ATOM looks bearish, on the higher ones is still in an uptrend.
Just be cautious with this trade, because a...
As ATOMBTC Trades Within its Assending Channel, We could expect a rally to the yellow resistance line... Comment your thoughts below👇
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Inverse H&S is clear
Bullish on bollinger bands in daily and 4h
If price can hold above 5.3$ for next few 4h candels the chance of nice up move is high
However close below 5.22$ then this it could mean that the price want to visit a lower area
All we need btc don't dump any more and you will see atom fly
Next resistances shown in the chart
It seems like a perfect rebound from a right HS shoulder and from Fib 0.78-1 retrace. Also, RSI is looking as a rebound. I am in favor of a long position ( as the is a positive sentiment to the crypto space). I would wait just a little more time for confirmation.
Additionally FIB 1 retrace is doubled by the trend line which gives extra strength.
Priceline of Cosmos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 4.303 to 4.288
Sell between: 4.338 to 4.391
Atif Akbar (moon333)