#ATOMETH - Long or Short? Down seems More Likely
Updated
theCrypster -
We are right at the end of this almost perfect symmetrical triangle with #COSMOS against #ETHEREUM, with plenty of swings from top to bottom and back again.
There's been 2 main areas of consolidation amongst these swings, and the price is currently sat right in the middle of that too! So, we're in the middle of the middle at the moment!
Historically when prices reach the end of a wedge formation like this we can expect a breakout of sorts, and seen as our in-house signal generator CTv2 has predicated a Short based on over a dozen tech signals, that's what we're going for!
Keep your stops reasonably tight on this, and let it go!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
We are right at the end of this almost perfect symmetrical triangle with #COSMOS against #ETHEREUM, with plenty of swings from top to bottom and back again.
There's been 2 main areas of consolidation amongst these swings, and the price is currently sat right in the middle of that too! So, we're in the middle of the middle at the moment!
Historically when prices reach the end of a wedge formation like this we can expect a breakout of sorts, and seen as our in-house signal generator CTv2 has predicated a Short based on over a dozen tech signals, that's what we're going for!
Keep your stops reasonably tight on this, and let it go!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Note
Pretty perfect so far!We've busted out of the symmetrical triangle and had almost nothing but red bars going down.
Let's see how far this can go!
Note
Check this analysis out, even got the retracement back to support nailed.Down it goes!
Note
Spot on analysis of #ATOM / #ETH so far!Are we going to see a continued decline to our next level of support?
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