ATOMBTC
ATOMs Downtrend Is Over, It Will Now Go GREEN!Here we have a perfect descending channel on the ATOMBTC chart.
This channel was broken recently with a final 'shakeout' or 'stop-loss hunt' move.
After breaking below the last low, a final dip happens to activate the stop-loss of all those using limit/automatic stop.
All these people lose their money in the yellow highlighted area.
If you are using manual stop-loss as we do, you have enough time to see prices going down but then moving back up.
Anyways, prices are now trading back above EMA10, EMA50, and EMA21.
The volume went up strong on 15-Jan. showing that the bulls are jumping in.
We also have the classic bullish signal coming out of the RSI and MACD.
ATOMBTC is ready to go green.
Namaste.
ATOM Is A Potentially Profitable TradeATOM on significant support, indicating that a high run up is a good probability.
ATOM is a top coin (rank #26) that has not yet seen a run up.
However, it is exhibiting a significant reversal pattern that many other coins have
already shown are worth watching.
It has broken below an ATL support and rebounded. This is historically a profitable setup
if the coin does indeed reverse from this level. If it is a good trade, it should have at least 2-3
legs up from this level.
If not, it is worth DCAing into to get our of this position, due to the good probability of it
turning back up if it does go lower. But this seems unlikely at this time.
Potention sell levels (buy back in on pullbacks) are indicated by a red line.
DISCLAIMER: drunk when made chart.
ATOM BTC is Trading on September 2019 Levels. Reversal SignalsBINANCE:ATOMBTC is now trading at Sept 2019 levels from where it bounced like a rocket last year. Scroll left and see the highlighted box.
Its already done with retracement and currently moving from V bottom inside the channel its an LTF chart we will keep looking at it because it will soon be bullish.
Indicators:
TK Cross took place, Rsi is turning bullish and Volume is increasing.
Ema 20, 50 crossover is almost near.
Happy trading.
ATOM BUY If the Breakout gets ConfirmedATOM,ATOMBTC,ATOMUSD,ATOMUSDT,ATOMUSDTP
Alert Signals: Red -> Green
Context: Green
Structure: a Breakout would be perfect
Trade close manually when: the above ribbons turns Yellow or better Red.
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
ATOM / BTC Main trend. U-turn zone. My trade for a yearOne of the cryptocurrencies I call it is not a scam. Found this crypto nugget a little less than a year ago. All major price movements were taken at 70-80%. This can be seen in previous trading ideas posted on this site.
Also, this coin allows you to work thanks to margin trading in two directions. Other advantages of this coin and the pair in question are ideal technical price movements. The dynamics of price movements is comparable only to Litecoin. A very technical coin. Suitable for positional trading and accumulation of a large position.
At the moment, the "head and shoulders" model has been completely worked out; the price has reached the stop level that I indicated earlier. Potential reversal area. Take your time to enter. Because now is a situation of uncertainty. Enter a trend that will develop. Better to enter the market a little later, but with more confidence. Entering now is like playing in a casino. You may or may not be guessing. But to build a chart for the future, it would be more rational for the price to rise from this zone.
If this zone is confirmed and an upward movement starts from it, then the formation of an upward channel on a global scale of the main trend with a resistance target of + 190% will be confirmed.
If this support is broken and the downtrend continues, the first potential support is 0.00025, the second is 0.0002. This is 33%. I have shown on the chart potential first moves from the reversal zone.
It should be noted that the ATOM / USD pair is now in an upward channel, and the price has corrected to support. Likewise, the reversal zone.
Previous trading on this trading pair.
ATOM / BTC Upward trend 4 months. Channel. Analogy with LTC / USD
The beginning of a trend reversal
Almost all price movement of the downtrend was taken. About 50%.
Secondary downtrend reversal zone
The beginning of a new uptrend movement
Work in a local trend from reversal zones + 68% + 68% + 48%
The levels and zones of local reversals have worked out very clearly.
ATOM / BTC Uplink. U-turn zone.
This idea described the formation of a potential right shoulder and then the "Head and Shoulders" pattern itself in cases of non-confirmation of the uptrend line support.
+ 44% - working long from the reversal zone. Formation of the right shoulder. Then work short to the support line of the local uptrend line. It breaks out, the price falls to the specified support level. Profit shorting about + 40%. Complete formation of the "Head and Shoulders" figure.
In this trading idea, I have shown my work on this coin since December 2019. This is about 11 months.
You also need to understand that price movements are taken from 60% to 80% of the reversal zones indicated on the chart.
Any theory without practice is zero! Only your knowledge, modernized for the reality of the market, in practice can give a significant result in your work.