ATA/USDT 1D. Basic trend. Secondary + local. Harmonic pattern.
Updated
ATA/USDT 1D. Automata Network.
In the secondary trend descending channel is forming(taken from weekly). The large and the small(the inner - more liquid - channel).
Right now the price is trading near the support of the inner descending channel.
Notice, that in the beginning of forming of this big channel volume has been accumulated. Shown on chart.
Then the harmonic bullish pattern has form. Now the price in the final accumulation stage.
Check out the false start which took a place just recently. Dumped with the market.
Very huge probability it will continue to pump. Just not the right time right now.
Locally we're in the descending accumulation channel, similar to APE idea i shared recently.
Also check out the volume entering recently. First target will be 0.12$ zone. Then 0.15$.
If the price dumps(market dumps) we can reack 0.06$ zone which is classically a bottom zone for cryptocurrencies(666).
In the secondary trend descending channel is forming(taken from weekly). The large and the small(the inner - more liquid - channel).
Right now the price is trading near the support of the inner descending channel.
Notice, that in the beginning of forming of this big channel volume has been accumulated. Shown on chart.
Then the harmonic bullish pattern has form. Now the price in the final accumulation stage.
Check out the false start which took a place just recently. Dumped with the market.
Very huge probability it will continue to pump. Just not the right time right now.
Locally we're in the descending accumulation channel, similar to APE idea i shared recently.
Also check out the volume entering recently. First target will be 0.12$ zone. Then 0.15$.
If the price dumps(market dumps) we can reack 0.06$ zone which is classically a bottom zone for cryptocurrencies(666).
Note
Note
On main chart(candles) - retesting middle of the channel. Similar structure as in previous local uptrend cycle.
3 bottoms - rise - distribution in descending channel. Then downtrend. After that, now, consolidation and trying to repeat this structure. Now attempting to break the local resistance zone shown on the chart(currently potential retest of it).
Shown fib on chart on which u can orientate urself on the targets. i've shown the first targets for this coin on the chart.
Note
Price reaching resistance of a channel. Huge volume entering. Also reached red zone of 0.1587$ level. Next targets are on chart.
Probability of continuation after potential short consolidation
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