elaborating on how to take profit and mitigate loss on the previous graph
its been sitting here for a a while now. at least it seems like that margin trading. Break above 43200 and were off
On the atom/btc we sit on crucial support. Need to hold.
look at the related idea for the updated target and description.
We can see a nice pattern of descending breakouts and support around just under 40$ range.
Following a previous cycle let's look towards the next two impulse waves 3 and 5 which could give us according prices of ~45-50 depending on S/R and ~60
The same distance was cleared by atom just earlier this month and with the momentum of volume onto the dex 50 should be an understatement
Strong FA, big things coming. Nothing specific to disclose yet. But watch for a move.
Let's look to see if we can normalize analysis again with bitcoin hoping to avoid any more manipulation in the next few weeks. Same target coincidentally.
Revisiting 42 is a definite, hoping to break 50's before october.
Well, big dump. No change in fundamentals. Lets see 42 again.
cup and handle with head to neck line showing short term of 42
So looking back at previous price action, this dump held consistent with previous long term S/R levels. No less confident if not more we are well on our way to 60k by latest mid october.
So we see the good old descending wedge as our mid term strong pattern. First two breakouts average to around 8% in altitude. Well, we need 8% back to 50k. Let's see it.
Let's get boys. Bulls time to shine. First time I see a strong signal on weekly and fib looks great.
Nice little bullish setup with cup and handle with the neck line to head showing a target of ~17$.
Atom is ranging in a channel and if bitcoin continues to rise throughout the year then I can see atom continuing through up to the top of the channel, and seeing a possible price target of 50-60 by the end of the year.
How should we analyze? Well, it's a bearish indicator. Yet, it can be seen as continuation to find a similar top and possible further continuation. I also see an inverse head and shoulders in the making of this formation. I see 36 in the next week.