We have observed many times that before breakout of any kind of trend, there likely occurs a accumulation, in order words, squeezing. So, I believe ATLASUSD may follow this path.
On the daily chart easily you can see that Atlas formed Head and shoulder pattern .
Save your money and exit before Atlas eats the rest .
Target I showed down , even could go more farther down to 0.058 $
SHORT TERM ANALYSIS-----It looks like we're in an ascending channel, so i could see us dropping down if broken, especially on the weekend, as the price action usually goes against the trend and then resumes on open week. Also included the fib levels
When we look at the chart for four hours, Bat Formation Bullish Bat Formation Existing
Entry to the trade before the volume momentum comes is very risky. Risk money management is very important in such transactions.
There are technical levels on the chart.
entry level to trade :0,09483775 At the close of the 4-hour...
ATLAS is a really cool looking P2E game with two tokens. One for governance and ATLAS which is supposed to be in game currency I believe.
The game itself looks amazing, highly recommend watching their trailers.
I have not confirmed this while I am posting this, but I don't think the ATLAS token itself has function yet, but assume it will in the future as the...
ATLASUSD broke the spine of a Dragon Pattern, jumped the creek or however you wanna call it. What really matters is that ATLASUSD broke the supply line which held strong since Oct. 4.
It also made a higher low at the .786 fib. retrace, closed the last 12h with a bullish engulfing candle and showin some potential hidden bullish divergence, which implies...
The price action has dropped ATLAS down to the fib retracement of .618, which is alot of times a bottoming area. Also is in another descending channel, and ass you can see the time before had good results from that,,,we will see.
I was wrong about wyckoff re-accumulation, and as you probably know, you can't be certain till you get the spring with the retest, or the bottom support holds. This is the new analysis, so far probability is fairly good, considering all touches on the descending wedge.