ATOM will try to rise.
Updated
On the H1-H4 ATOM/USDT charts, it is clearly seen that the pair, having pierced the important level around 30.00 (29.97 – the 0.382 Fibonacci correction level of the downward impulse on 25.01-31.01), is trying to return above it. The bullish divergence on the H1 chart supports this rising. The nearest target of growth is 32.73 (Fibonacci correction level 0.618 of the downward impulse 25.01-31.01), the next one is 35.00 (the level determined by the price movement).
How to trade.
Open long in ATOM/USDT after fixing it above the 29.97 (determined according to the M5 chart, if the price bounces up from this level at least 2 times). Stop-loss sets by the level of the minimum formed when fixing above 29.97. The first target level is 32.70. If the trade closes there partially, then use floating stop-loss and close the second part at 35.00.
How to trade.
Open long in ATOM/USDT after fixing it above the 29.97 (determined according to the M5 chart, if the price bounces up from this level at least 2 times). Stop-loss sets by the level of the minimum formed when fixing above 29.97. The first target level is 32.70. If the trade closes there partially, then use floating stop-loss and close the second part at 35.00.
Note
It's the second try for ATOM to rise. It bounces from 25.50 support with bullish divergences on M15-H1 charts.Note
Such a beautiful picture))) ATOM assaults level of 30.00. It's quite overbought on M15 chart, but there are no divergences on short-term charts. We suppose, that ATOM will try to rise to 31.30-32.00. After this, it will back to 30.00 and, if it holds above 30.00, it will continue rising (to 35.00 and to 37.00).
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