#ATOMETH - Long or Short? Down seems More LikelytheCrypster -
We are right at the end of this almost perfect symmetrical triangle with #COSMOS against #ETHEREUM, with plenty of swings from top to bottom and back again.
There's been 2 main areas of consolidation amongst these swings, and the price is currently sat right in the middle of that too! So, we're in the middle of the middle at the moment!
Historically when prices reach the end of a wedge formation like this we can expect a breakout of sorts, and seen as our in-house signal generator CTv2 has predicated a Short based on over a dozen tech signals, that's what we're going for!
Keep your stops reasonably tight on this, and let it go!
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Cosmosshort
#ATOMUSD - A 20% Short or Resistance Too Strong?theCrypster -
This ranging wedge formation has a clear level of support/resistance running through the middle of it; we've just received a Sell signal from CTv2 after a rejection on the upper edge.
Are we going to see a huge 20% Short coming off here all the way to the lower support edges, or will this SR band prove to be too strong?
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ATOMBTC - Is ATOM Looking Weak Against Bitcoin Right Now?Following on from the surge of Bitcoin recently (and the huge profits that Crypto Tipster took away from it!) we're left in a bearish market for several alt-coins that didn't quite manage to rocket like lots of others have. ATOM could be one of them.
As you can see we've lost around 12% since touching the upper limit of the channel it's been ranging in for a few months, is this decline going to continue to the lower edge of the aforementioned channel? That would be a further 20% - it's quite possible and with a Sell signal from Crypto Tipster within this descending consolidation channel, it looks totally possible!