ATOMUSDT trade ideas
ATOMUSDT Trend Reversal ? At this point the whole picture is not clear and it all depends to the king then we can decide on the alt market .
But as far as the H1 chart on Crocobot says it's the perfect time to hump on a long trade . Trade WL ratio is too good to be true but hey sometimes we are at the right place in the write time ha ?
ATOM - Only pointing down
The analysis is pretty straightforward:
- Gray trendline was broken, but there was no follow-through and it is currently support.
- Green trendline holding price to the downside
- No RSI divergence
Therefore, the higher probability points to another lower low, targeting $7.
ATOM/USDT nice potential for bullish movement! Hey traders 👋
ATOM coin is next on our watchlist. Well we won't keep it long here as everything is displayed on the chart!
Good chance for a "double bottom" pattern to form here - but we need a bullish momentum near second leg in order for this pattern to work! Waiting....
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ATOM USDT PERP Hello Trader BINANCE:ATOMUSDT.P
in the area of the 1-hour support point
it can be scalped for short-term
short term because the fear is sustained bearish
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Disclamer: Not Financial Advice
Atom/usdt possible longThe daily level confluences with the golden gap or CC of the .618 and .66 fib levels that will be a very strong support for our entry to targer the above weekly and monthly levels.
I think it will be reclaiming the above daily levels before retracing to our entry.
Setup as follow:
Entry: 8.228
SL: 8.094
TP: 10.894
ATOMUSDT growth is not expectedHello everyone! According to ATOMUSDT, the thoughts are as follows: the coin has been in a downtrend for a long time and a trend change is not expected. Therefore, on smaller timeframes, I tried to catch further price movement, of course downwards. At the moment, the coin has drawn something similar to "head and shoulders", although it turned out to be two heads. In any case, there are very good chances after such a pattern to go at least to the past minimum values of 7.2
ATOMUSDT is testing the key levelBased on the provided information, the price of ATOMUSDT has recently grabbed new liquidity below the $9 area, and subsequently, it has retraced to retest the weekly support level. This movement suggests that there is a potential accumulation phase happening, with buyers showing interest in the asset at lower price levels.
If the price manages to break above the daily resistance at the $9.3 area, it could signal a bullish breakout according to Plancton's Rules. A bullish breakout occurs when the price surpasses a significant resistance level, indicating a potential shift in market sentiment from bearish to bullish.
According to Plancton's Rules, in this scenario, a new long position is suggested. A long position involves buying the asset with the expectation that its price will rise. By initiating a long position after the breakout, traders aim to take advantage of the potential upward momentum and price appreciation that may follow.
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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 -> <= 1h structure.
Follow the Shrimp 🦐
ATOM: Waiting for a BUY positionDisclaimer
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