Cosmos (ATOM) Clone LTC. Local downstream channel. Double bottom

Updated

Local downstream channel. In the global, a double bottom of 230% can form.
Coin - bonanza. The real project. More than 130 trading pairs on different exchanges! Listing on all top exchanges. Liquidity. The ability to work long and short with an acceptable shoulder.

Market entry
There is no good entry point right now. Coins can be traded both long and short. You can work with shoulders on margin.
Entrance to long / short from the potential reversal zone indicated by me.

Target
All target on the chart.

Stop Loss
Who uses them in their trading strategy. Under key support levels during your entry into the market.

Downward movement is all taken from the trend reversal zone. [/ b]
Former trading idea with a detailed description and an example of work on LTC / USD.

ATOM / BTC Uptrend 4 month. Channel. Analogy with LTC / USD [/ b]

Breakdown of an uptrend line and a potential trend reversal zone on a downtrend. [/ b]

The price drop from the pivot zone is currently 54%. [/ b]

Note

+ 44% 1 level goal achieved. The uptrend continues.

Trade closed: target reached

+ 68% The price has reached exactly the resistance zone of a potential trend line. The uptrend continues.

Trade closed: target reached

Work in a local trend from reversal zones + 68% + 68% Price near an important resistance zone

Trade closed: target reached

Naturally + 48%
Work in a local trend from reversal zones + 68% + 68% + 48%

Note

The price has reached the bottom of the rising channel. U-turn zone. The channel width is about 70%, which is not bad enough. It is also worth noting that they can draw a "Head and Shoulders" figure, for its formation we have a left shoulder and a head, only the right shoulder is missing. Therefore, you should be careful, if an upward movement starts and the price cannot overcome the 0.0005 level, we have every chance of getting this bearish formation. As a consequence, there is a high probability of the destruction of this upward trend (channel).

Trade closed: target reached

Note

ATOM / BTC Main trend. U-turn zone. My trade for a year

Note

Short work + 10% from the reversal zone (breakout of the support level, confirmation of breakout after rollback). A falling wedge is forming. Work on the trend.

Note

ATOM We accumulate large positions and get profit without risks.

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