ATOMUSD - Bullish Trend - 1H TFBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) showing divergence is synced currently. I recommend taking a long trade with a risk/reward ratio of 1:1
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Atomusdlong
ATOMUSDT | ATOMIC MISSION TO +$12!As some of you might already seen, ATOM has gained +10% as of me writing this. I believe it is still very good time to hop on board. on.
In the picture we see an inverse head and shoulders pattern and confirmed breakout to the upside.
I am a newbie trader and tend to read posts, not actually write ones. This IS NOT financial advise, everyone make sure to think through before you
enter any trade. I did with this one and fun will be fun to watch how this unfolds.
Comments and constructive criticism are warmly welcome!
GOOD LUCK TRADERS AND ENJOY SUMMER!
ATOM M PATTERN FORMINGIn a monthly chart we already finished 1-5 Elliot wave, on a weekly ABC correction. going trough lower time frames we saw market starting to form M Pattern in 1h time frame. right now market started consolidating in a 50% fib and institutional zone and since we saw ABC correction we should see bounce to the top of M pattern and after that retrace back to the bottom.
Entry: We can enter now 30.63 or wait for a retracement to a buy zone at 30.
Invalidation: 29.5 (Just below buy zone)
Target 1: 33 (Top of M pattern, and a sell zone indicated by institutional candle)
ATOMUSD eying 10.00 as possible swingATOMUSD
Since start of this launch it was jumped to the 7.6 level and after that its even fell below the launching price and even reached the historical low level which is 1.081
2.5 and 4.5 levels are acted as important support level for the bullish trend.
And yesterday it has reached around 7.000 level which is a key psychological level and faces some minor reversal and i am expecting ATOMUSD will fall back towards the
.618 Fibonacci retracement level.
And on the upper side it will face some rejection around .786 Fibonacci retracement level.
And it is currently trading within a channel and breaking of the minor channel will pave the way towards 10.000 swing target level.
To the downside the 5.000 level will act as strong support for the bull
ATOM/USDT (symmetric triangle Breakout)ATOMUSDT Currently trading at $5.15
ENTER After Symmetric Triangle BREAKOUT
After breakout we can expect small Retracement
Risk reward ratio : 1 : 3.5
Entry : Above $ 5.21
Resistance level 1 : $ 6.30
Resistance Level 2: $ 8.85
Stop loss : Below $ 4.20
ALWAYS KEEPP STOP LOSS..