Automata Network (ATA) formed Gartley for upto 23.5% moveHi dear friends, hope you are well and welcome to the new update on Automata Network ( ATA ) token.
On the 4-hourly chart, the priceline of ATA has formed bullish Gartley pattern.
ATA
ATABUSD { AUTOMATA } - BULLISH SETUPANALYSIS 🔎
- ATABUSD is testing the all time low support (@0.33919)
- Price action is printing a pennant pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price (CMP).
- Stop limit entry: breakout above the pennant pattern's inclined resistance.
- Limit entry: test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.43948).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
ATABUSD { AUTOMATA } - BULLISH SETUPANALYSIS 🔎
- ATABUSD is bounded in the ascending channel.
- Price is testing the ascending channel support.
- Price action is printing a pennant pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.59)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel and pennant pattern's inclined support.
ATA 12h Hype patty near the delicious long buy areaThe previous idea on ATAUSDT worked out the first part of the forecast: a fall from $1.22 to $0.43
Who listened to our thoughts and bought in the $0.40-0.50 zone is a fine fellow.
We decided to update the idea in a larger timeframe to make it easier to view.
The most likely scenario is now a long-term consolidation in the shape of a triangle, where buyers and sellers will decide which of them is stronger and where the price should move.
As part of the consolidation, the price of ATAUSDT may rise first to $0.71 and later to $0.93
The situation on the chart may get negative if the ATAUSD price drops below $0.43 . In this case, the way will open for a fall in the cost of ATA to $0.23-0.25
Summing up, we can say that now the ATAUSD price is near an interesting zone for long purchases. If you buy ATA long on the spot, without leverage, then the stop is below $0.43-0.40 within the acceptable risk framework and the profit/loss ratio per trade.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
ATA USDT / 1 HOUR Another of our premium members callsHope you like the charts and TA check out the end of the post for more about us and other calls.
ATA 1H Hype passed where it is safe to buyAutomata Network - A decentralized service protocol providing privacy middleware for Web3 dApps
Yesterday, with the start of trading, the ATAUSDT price made more than x100 per hour from $0.04 to $4.50
Now that the hype has subsided, it is time for buyers and sellers on the chart to "negotiate" a fair market price.
If buyers do not let the price drop below $0.40-0.50 , this will mean that there is interest around the coin and in the future, it can expect good growth.
If the search for a fair price is delayed, then it will be possible to put buckets to buy in the $0.10-0.13 zone
What are your thoughts on a fair price for ATA?
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
