Atom apparantly did a reverted head and shoulders after an long downtrend and seems to be going to the next resistance level.
It is in a good region to open long and where we could put a stop below the previous bottom.
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Atom BTC is at long term horizontal and trend line support. Easily defined stop and nice R/R targets on a long position. Possible Coinbase staking announcement in the works which should provide great fuel.
i still need to get back into this
from memory i have little or none right now
ps. could still be fakeout but very doubtful.
dates dont need to match up. just movement. I will look for retraces/pull backs. this wick on kraken wasnt on binance sadly.
It was a nice rally for ATOM: ATOM/BTC has already done about 100% over the month run (from 5/9/2019). Now, it looks like a Wolf's wave pattern appeared. Well, there are not much of us these days who believe/look at the waves pattern. We prefer to look at critical support and resistance levels the price tends to follow. Anyway, if we are to follow famous Wolf's...
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) :)