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Cosmos / TetherUS

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ATOMUSDT trade ideas

✴️ Cosmos | Multiple Signals & PatternsFirst, we have the Elliot Wave count with its impulse followed by a correction. The correction created the Adam & Eve pattern which forms at support levels/bottoms. Finally we have the indicators such as the strong RSI, rising volume with prices trading above EMA50 and MA200. 7 Days closing green... Normally this type of consolidation leads to strong moves, a sudden jump up. We are about to witness something quite interesting that we haven't seen in a long while, it should be fun or I should say profitable. Enjoy your Saturday/Sunday, depending on where you live. You might be on break, but it is always work for me... You can still read! 😄 Namaste.
Long
by AlanSantana
2
ATOMOUSDT is testing the key levelOn the daily timeframe, the price is currently testing a support level where the market experienced a recent breakout. On the same timeframe, the market formed a double top pattern at the 13.4$ area, which is acting as a resistance level. Currently, the price is in an accumulation phase between daily structures, which suggests that the market is uncertain about the next direction of the trend. If the price fails to hold the support level and breaks down, it could potentially retest the level as a new resistance, triggering a potential bearish trend. According to Plancton's Rules, if the price breaks down and retests the support level as new resistance, the 10.2$ area could be the target for a potential bearish impulse. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4