ATOMUSDT trade ideas
ATOM: A Buy Opportunity Near 10.80ATOM: A Buy Opportunity Near 10.80
ATOM is moving within a Channel pattern and it looks
like the price will test the bottom of the pattern again.
It looks like a very good pattern considering the previous bullish waves.
If the price will test 10.80 area again it has a higher chance to increase again.
However, this is a process that should be monitored again.
Thank you and Good Luck!
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.
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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 🦐
ATOMUSDT LONG SIGNALHello traders, ATOM is at a strong support and it can lead it to upward, and according to 18/jan ATOM has tested this support and it did a great pump... so I expect same thing to happen as its on this support for few days and it close daily candles above it.
enjoy, and have a great trading.
ATOM is not looking goodI am expecting higher high with bearish divergence or double top: we touched VWAP and there is some kind of diagonal resistance, filled monthly FVG. The daily is broken so v shaped top is in play too. I'd like to see retest to have a nice entry and down to 4.2. If that won't hold then lower to finish the pattern.
🔥 ATOM Massive Triangle ReversalI've made several analyses on ATOM and the massive triangle pattern it has been trading in since June 2022.
Since a couple of days, ATOM is finding support around the bottom support line of the triangle. In my view, there's a decent probability that ATOM will reverse from this point onwards and go back up.
I'm looking at the top resistance of the triangle as a potential target.
✅TS ❕ ATOMUSD: downtrend✅✅ ATOM/USDT moves in a downtrend.
The chart has returned to the downtrend channel.
Price will continue to decline. ✅
🚀 SELL scenario: short to 10.591. 🚀
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Remember, there is no place for luck in trading - only strategy!
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