overall im bullish on atom, if atom breaks $13.314, my bullish price target is $14.918, followed by a pull back than a spring into the $15 area, depending on btc and the november cpi data.
Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use...
*Short potential scalp ~10%
Potential blow-off top forming
OI increasing rapidly whilst price growth slowing, approaching a key resistance.
Possible flip resistance for final push then down or fail at resistance and down.
TP#1 around green line.
Confirmation depends on your risk profile. I have scaled shorts at key overheads.
Invalidation again depends on...
Possible cup and handle pattern emerging on the daily,The overall market climate appears bullish for crypto, the next few days should give a clearer indication. I am very Bullish over all for ATOM as it is the interconnecting hub of all block chains, they mean business.
Here we have a possible senario, ATOM is fast gaining recognition due to the IBC capabilites of the cosmos eco system, unlike other crypto projects cosmos solves the inter operability proble between chains allowing for seems exchange accross different blocks, Still a very under priced asset set to moon very soon.
Long time trade, wolves🔥
There is one more symmetrical triangle on ATOMBUSD on 4h timeframe.
There was a strong and confident bullish trend before consolidation.
So now the price is collecting the enrgy before huge impulse.
According to Elliott Waves theory Wave C is done and now the price is heading to Wave D.
So follow the chart and look for the breakout...
Had time to relax over the weekend? Because looks like this week is gonna be hot and full of interesting trades for crypto, forex and stock traders.
Let's begin, wolves🔥
There is our lovely formation, symmetrical triangle on ATOMBUSD.
Previous bullish trend was broken then the price started to fall and now it is in the consolidation. Could it be a bearish...