Currently within a symmetrical triangle above a descending broadening wedge.
This likely will break to the upside, as per the bullish nature of the symmetrical triangle.
If not a retest of the top of the wedge is possible.
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...
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...
ATOMBTC HAS MADE 5 TOUCHED WITH-IN THE DESCENDING WEDGE.
THE BOTTOM IS MOST LIKELY IN AND NOVEMBER SHOULD BE GOOD FOR ALTS
🔸️Get Profitable Trading Set-Ups and Signals📈
🔸️Copy Our Diversified Long Term Portfolio📊
🔸️Engage With Our Skilled Community👥👥👥
Earn Up To $4293 in Crypto and Other Assets🤑
ATOM's rapid rebound from March 2020 gave the token a new historical high $8.9. Buyers managed to fix this mark on 24 August.
The token active growth began in fact from the beginning of July. For two months, buyers confirmed their faith in the coin by their volumes.
We would like to note the range $5.5-5.75, where the price obviously slowed down both during...
Imo It will make a invesre h&s pattern then a paraboli run for fewdays , then correction & there is a double bottom in longer time frame .
i'm not a financial advisor ,this chart only for Study purpose . Thanks
ATOM has just broken out from the resistance line from Feb 12 up to now and it is moving to the next resistance zone 3.3-3.5$. I think it will be not a trouble with it and target should be 4$ in Mid June.
If you have no ATOM, you should wait for it at 2.8-2.9$
It would be very harmful if drop below 2.5$
Mid term investment.
Cycles are repeating them self so ATOM is a nice buy ATM.
Mid and big market caps gonna explode after BTC is regenerating after this last fall.
We gonna have a nice spring- summer, so make your bets on ATOM !
ATOM/BTC dont have a profit/loss factor trading,
For us to enter a position we always have a stop loss value, and for that our target has to be at least twice as much as our stop value, that is, for us we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk.
For atom we can see that the...
We have a great opportunity for margin traders and holders. ATOM create H&S pattern and also rejected from resistance area so again will test support zone. Target is set in chart. Best of luck
Atom has been traded in a range 3682/4116 for almost 3 weeks (accumulation period). Several times support was tested.
Now, it could be ATOM's turn to go up.
1st Trgt - 4099,
2nd - 4500 (I vote for the 2nd) :)