ATAUSDT trade ideas
[Update] ATA / USDT Analysis impulse on several breakouts Daily
Hi people,
ATA / USDT is in a bullish dunamic with a test of a resistance zone and we can see a bullish signal on the MACD being confirmed.
It is very plausible to breakout the last peaks to get its ATH but a reversal is envisaged on the resistance in (red).
When the end of the correction takes place we will be able to start again on the objective.
This is not an investment but a recommendation for use
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ATA potential to increase 6x#ATAUSDT
$ATA hold above ling term support and head up toward resistance zone around $1.3. breaking this resistance will lead price to touch descending resistance.
maybe after some correction price success to break this ascending line, and go up to $2.
finally #ATA has potential to increase more in long term, possible to reach $7 (560%)
if price break below $0.9 this analysis will need to be update.
ATA / TETHERUSWhat is Automata Network?
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps across multiple blockchains.
It enables many privacy use cases such as anonymous voting and MEV reduction (maximum extractable value*) by taking advantage of the latest privacy-preserving encryption algorithms, along with reliable implementation environments.
*MEV was previously known as Mining Mining Value in the context of Proof of Work.
Automata Network was created by industry veterans and researchers, and team members have previously worked at Zilliqa, LongHash and the National University of Singapore. Founded in 2019, Automata Network is a Web3 Grant (2020), Participant in Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021), and Presented at Polkadot Decoded Mainstage (2021). The team's investors include KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures, and Jump Trading.
What problems does Automata solve?
Automata solves many of the issues currently facing the Defi community regarding privacy, and prevents it from reaching its full potential by providing a privacy intermediate layer for dApps across multiple blockchains.
Each specific Automata product attempts to solve a unique set of problems facing the Defi space.
The carrier reduces the rampant MEV and front-end issue that plagues most DeFi projects resulting in massive slippage and inflated gas fees for crypto investors who are being exploited by bad blockchain actors.
Automata Witness is a customizable voting service for decentralized applications that solves many issues facing governance voting services, including privacy and high gas fees.
For more detailed information about the issues Automata is solving, check out the open source Mev Wiki, which goes into more detail (docs.ata.network).
What products does Automata offer?
Currently, there are three unique products offered by Automata, Conveyor (a MEV Minimization solution), Witness (a customizable voting service for decentralized applications), and Librarian (No Tracking Indexing).
#ATA
It reached the main and strong support area from a technical point of view, forming a double or triple bottom, which is the support of the averages on the weekly and daily levels.
You can build a strong position at a low price
Entry / 1
Expected Profit Rate/ 77% (1.74)
Targets/
1️⃣1.1
2️⃣1.23
3️⃣1.29
4️⃣1.4
5️⃣1.48
7️⃣1.595
8️⃣1.74
🚫Stop Loss/0.86
ATAUSDT is testing the daily dynamic resistance ATAUSDT is testing the daily dynamic resistance inside a descending 4h channel. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ATAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price has been able to break our resistance line and if it stabilizes above the line, it can move towards the resistance line and as long as it fluctuates above the support line, it can move towards our target.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ATAUSDT Technical Analysis⏳ Spot
💎 ATAUSDT has formed an ascending channel. The price has been making HHs and HLs in the channel. The bullish moves indicates that the price is going up to the upper band of the channel.
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or From 1.1072 to 1.2124
☕️ TP1 1.3501
🍺 TP2 1.5585
🍻 TP3 1.7777
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 1.0500 to 1.1072
Good Luck 🎲
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