ATOBTC trade ideas
AtomBtc Trading ideasHi guys spotted Potential huge BEARISH CRAB on Atom with price already moving in a typical uptrend and holding firm I expect it to continue rising with targets towards 0.00112-0.00127 zone which is about 80% profit from our immediate buy back zone.
Trade Plan:
I spotted potential TWO(2) buy back zone with the first zone to be taken with respect to Elliot wave as that level will represent end of correction zone to form wave 4.
The second Buy Back zone represent a full retracement to form a BAT down towards the Base support zone.
Kindly follow the suggested zone on the chart and always remember to apply stop loss according to your risk management.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS
Do know that I appreciate your effort and the time spend in reading and watching my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
$ATOM Is A Good Bet! Ranked 16th on Coinmarketcap!I don't know where the hell i've been, but seeing ATOM claiming it's position at 16th on Coinmarketcap is a jaw drop for me. How come something so new like this, acquiring big market capital. You can learn more about the project on their website.
Judging from the chart perspective, I love the mid-term double bottom pattern, which indicate, it will be more upside on the future as if we break the current all time high price. ATOM already has major supply on the circulating so I think it'll be safe if we just hold, but I'm a swing trader so, not gonna do it.
First TP, ATH.
**************************************************************************************************************************************************
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
--------------------------------------------------------------------------------------------------------------------------------------------------
tradingview.com Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform
ATOMBTC BINANCEATOMBTC 4 HR Chart on Binance pattern isn't looking good. Window Oscillators MACD and BB aren't in agreement (BB is at the support level and MACD is going down)
Momentum of the price action is going down on 4 hr chart, with this MACD line is down and isn't in agreement with Price movement. Volume going down. It may indicate that selling pressure is going to start.
Currently, it is testing FIB retracements near at 23.6,38.2 & 50 % areas as shown in charts.
A couple of things can happen based on TA
It may reach TP1 target and bounce back to Minor support for testing or it may go further down to retest at the major support level in a couple of days based on selling pressure. Falling wedge happening currently, so the price can reach Tp1 if a breakout occurs.
It may test well at TP1 region and test TP2 and bounce back ( MACD isn't agreeing at this moment for this price action). Maybe FA can move price to TP2 area.
Based on the above analysis, if you want to invest in ATOM, set only for TP1 for short term and wait for price retracement and enter again for target TP2 based on the price momentum. Please note that I have seen many cases where oscillators will misguide and we may miss some major profits.
Please do your own research before investing in any crypto coin.
Please refer to below link for more information about MACD AND PRICE ACTION disagreement:
