Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) showing divergence is synced currently. I recommend taking a long trade with a risk/reward ratio of 1:1
Please note that this is my personal analysis and trade plan,...
After quite some uptrend and breaking out of a rising wedge then retesting the bottom trend line and creating a double top I assume it as a MTR and think ATOM is ready to go at least two legs 10 bars down!
NFA
As some of you might already seen, ATOM has gained +10% as of me writing this. I believe it is still very good time to hop on board. on.
In the picture we see an inverse head and shoulders pattern and confirmed breakout to the upside.
I am a newbie trader and tend to read posts, not actually write ones. This IS NOT financial advise, everyone make sure to think...
In a monthly chart we already finished 1-5 Elliot wave, on a weekly ABC correction. going trough lower time frames we saw market starting to form M Pattern in 1h time frame. right now market started consolidating in a 50% fib and institutional zone and since we saw ABC correction we should see bounce to the top of M pattern and after that retrace back to the...
Hi guys, we are in two important points. With failure from all sides we can see a good price growth. I have shown the approximate price movement, if from above failure we also participate in long trades and if from below failure in trades We participate in shorts, I love you. Good luck
Similar to Polkadot (DOTUSD) setup, this pair is trading within a symmetric triangle after a strong run to to the upside which is bullish. Go long on the break out and retest aiming 27 in the long run.
This idea is long term investment and not for intraday trading.
ATOMUSD
Since start of this launch it was jumped to the 7.6 level and after that its even fell below the launching price and even reached the historical low level which is 1.081
2.5 and 4.5 levels are acted as important support level for the bullish trend.
And yesterday it has reached around 7.000 level which is a key psychological level and faces some minor...
ATOMUSDT Currently trading at $5.15
ENTER After Symmetric Triangle BREAKOUT
After breakout we can expect small Retracement
Risk reward ratio : 1 : 3.5
Entry : Above $ 5.21
Resistance level 1 : $ 6.30
Resistance Level 2: $ 8.85
Stop loss : Below $ 4.20
ALWAYS KEEPP STOP LOSS..
