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ATOM/BTC trade idea (Bullish)
Cosmos / Bitcoin
ATOM/BTC trade idea (Bullish)
By Snowshine
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Nov 17, 2019
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Nov 17, 2019
Hello everyone, today I'm sharing with you my ATOM/BTC idea.
First of all, I'm quite bullish on Cosmos on the long term.
According to me its fundamentals are strong, but for now let's stick to my short-term idea:
- ATOM/BTC is ranging inside an ascending channel (bearish pattern)
- We can expect a retracement in the coming days.
- This retracement should be a nice entry;here's why:
* Fibonacci 61.8
* quite a big liquidity zone
Good probability to bounce from here.
Entry ~ 4055 - 3820
TP 5040
SL 3190
A very simple setup
Have a nice day!
ATOMBTC
bulish
Chart Patterns
trades
Trend Analysis
Snowshine
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