Atlético de Madrid Fan Token, How To Read Charts & 726% PPA small tidbit about trendlines; you can draw a trendline by matching two or more points from any set of sessions. The trendline doesn't have to be necessarily the last session nor the lowest or highest, there can be middle trendlines, internal trendlines and so on. As long as the trendline is supported by multiple reactions it works. These are arbitrary lines and it is for you to decide. Play around with it and what works for you overtime and based on results is the right method. Nobody can tell you what is right or what is wrong or how it is done. Right or wrong can be decided objectively based on actual results.
Here we have Atlético de Madrid Fan Token (ATM) and guess what? I knew it would go up.
This chart has the same price patterns as all the other Altcoins charts, and this is great because the bullish breakout confirms what I've been saying and also what is coming to the rest of the Altcoins market.
After a major low on the 7th of April, in this case an All-Time Low, ATMUSDT started to recover and is now trading four weeks green. Today, the fourth week closes and there is a strong bullish breakout taking place.
The ATL is the bottom and from the bottom we grow.
The market is changing from a sideways market leading to a final flush/liquidity hunt event, to a new bull market growth phase.
Total growth since the bottom was hit now reaches more than 50% coupled with rising volume. This confirms that the downtrend is over, the bearish move is over, the correction is over the bull market is starting now or started 4 weeks ago when the bottom was hit.
When prices are at their lowest, that is when the market is the most bullish.
When prices are high, the potential for a correction or retrace becomes strong. That is why we sell when prices are high and buy when prices are low.
The bottom is confirmed through price action (when the market goes bullish and starts growing) and based on resistance and support. Now that ATMUSDT moved above the 3-Feb. low which happened a long lower wick we can say that the bullish bias is confirmed. This leaves behind a rounded bottom pattern or a v shaped bottom.
Another signal that I mention frequently is the size of the bearish waves.
Left side, the big wave is a bearish impulse or downtrend.
Right side, the small wave is a final market flush before bullish growth.
The first one is a market move, phase/cycle.
The second one is a market reaction.
All these signals are meant to confirm that the bottom is in. Once we have confirmation that the bottom is in we know the market will grow so the next step is to find some targets. I already explained how to extract those in my FISUSDT publication. You can go to @MasterAnanda and use the search filter to find this publication and learn more if you are interested.
Here, ATMUSDT has so much more to grow.
I am mapping just two targets on the chart because I have to write and do the numbers manually and it is too much do them all, plus, you only need to hold strong until prices are up. When prices are high, collect profits (sell) and move on.
The market will always offer endless opportunities, specially if you buy and sell at the right place.
» The first target goes for 438% which is an easy target (blue) and the second one for 726% (red). Please keep in mind that this trading pair/token can go much higher.
Thank you for reading.
Follow if you enjoy the content.
Namaste.
Atleticodemadrid
ATM Price analysis. Target for Atletico Madrid fan tokenRead please details on a chart! BINANCE:ATMUSDT
If we will see hype around CHZ and fan tokens all main targets for this alt season marked on a chart with explanation
Would be good to see Money inflow on a W tf again based on Money Power indicator
And signal to buy on TradeOn indicator
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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GOAL!!! Atlético de Madrid Fan Token (ATM), a popular sports-based cryptocurrency, is currently experiencing a significant price shift, making it a topic of interest for crypto enthusiasts and traders. This in-depth analysis, based on a 1-hour time frame, aims to provide insights into the current market situation and its potential future directions.
Currently, ATM is priced at $2.667, marking a considerable rise of 23% over the past 24 hours. This surge aligns with the bullish market sentiment underlined by an array of indicators. The Relative Strength Index (RSI), a momentum oscillator used to gauge the speed and change of price movements, stands at 80 – nearing the threshold for overbought conditions. Meanwhile, the volume oscillator, a tool to track volume changes, indicates a healthy 25.5% rise, suggesting an increase in buying pressure. The Stochastic oscillator, another momentum indicator, records a score of 61, signifying continued buying momentum.
On-Balance Volume (OBV), which uses volume to predict price trends, currently stands at 22 million. This metric aligns with the positive market sentiment, indicating a high volume of positive volume pressure. The Moving Average Convergence Divergence (MACD), another trend-following momentum indicator, sits at 0.109, affirming the bullish trend.
Taking a look at the Bollinger Bands – which measure market volatility and provide relative definitions of high and low prices – ATM's upper, middle, and lower bands are located at $2.638, $2.282, and $1.926, respectively. Intriguingly, ATM's current price exceeds the upper band, hinting at possible overextension and potential price correction in the future.
Fibonacci retracement levels – used by traders to identify potential levels of support and resistance – are set at $2.2 (0 level), $2.124 (middle level), and $2.048 (1 level). These could provide potential pivot points for price reversals. Furthermore, market movements over the last few hours indicate that ATM's price peaked at $2.98 before retracting to its current level. This peak now forms a key resistance level.
Upon switching to the 4-hour time frame, it becomes evident that the 1.618 Fibonacci level closely aligns with the resistance at $2.92. This level, near the recent peak price, is worth monitoring for signs of a breakthrough or rejection.
In conclusion, while the bullish momentum is evident in the current market dynamics for ATM, the key resistance level of $2.98 presents a significant hurdle. A break above this level could signal further bullish momentum, potentially propelling ATM into a new price range. Conversely, a bounce off this resistance could lead to a consolidation phase or even a price decline, with the support level of $2.591 providing a potential floor. As always, traders should integrate these technical analyses with broader market trends and updates to form a well-rounded trading strategy.
Atletico De Madrid Fan Token (ATM) formed Gartley upto 21% moveHi dear members , hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM) with US Dollar pair.
Our last successful trade of ATM was as below:
Now on a 4-hr time frame, ATM has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Atletico De Madrid Fan Token (ATM) formed Gartley for upto 11%Hi dear friends, hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM) with US Dollar pair.
Previously we caught a nice pump of ATM
Now on a 4-hour time frame, ATM has formed a bullish Gartley pattern.
Note: do you own research, the content is for educational purposes only.
Atletico De Madrid Fan Token (ATM) formed Gartley for upto 70%Hi dear patrons, hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM).
On a 4-hr time frame, ATM has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$ATM/BTC 4h (Binance Spot) Falling wedge breakoutAtlético de Madrid Fan Token broke out bullish and confirmed the end of the local downtrend, up we go!
Current Price= 0.0003569
Buy Entry= 0.0003543 - 0.0003393
Take Profit= 0.0003945 | 0.0004485 | 0.0004904
Stop Loss= 0.0003149
Risk/Reward= 1:1.5 | 1:3.19 | 1:4.5
Expected Profit= +13.75% | +29.33% | +41.41%
Possible Loss= -9.20%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks