ATOM / BTC Uptrend 4 month. Channel. The analogy with LTC / USD

Updated

Currently ATOM / BTC has been moving in an uptrend for 4 months. The growth of the coin was + 250%. Movement in an uptrend occurs in an upward channel in increments of about 50%.

Trading in the channel from the trend line of channel support to resistance. Target on the chart.

Stop-Loss is under the trend support line, but when setting Stop-Loss, consider the potential volatility of this tool.

Sooner or later there should be a breakdown of the channel and the uptrend of this coin. The trend will then change. Therefore, carefully monitor the line of the uptrend. Great potential will work short when the trend changes. But for now, an uptrend. Always trade with the trend. The coin is very technical, I have an analogy with a pair of LTC / USD. Take a look. Below will be the previous trading ideas for the LTC / USD pair with a similar formation and work.

LTC / USD trend trading. June.

LTC trend trading. Preparing the crowd before the BTC halving

LTC uptrend is broken. Trading in a downward channel. August.

LTC / USD. Work in the channel. Pivot points. November.

LTC breakthrough downtrend line. Pivot points.

TUTORIAL Well, this is a teaching idea on the example of the same LTC / USD how to work in a trend. Long
Pyramiding How to earn 52000 with a risk of 5% from 10000 1part

Pyramiding How to earn 52000 with a risk of 5% from 10000 1part

TUTORIAL
Pyramiding money management. 2 part. Short LTC/USD

Comment

There is a breakdown of the uptrend. If it is fixed below the trend line, the downward movement will start.

Trade closed: target reached

The trend, as expected, after the breakdown unfolded. Almost a copy of the ltc

Comment

Cosmos (ATOM) Clone LTC. Local downstream channel. Double bottom

Trade closed: target reached

Work in a local trend from reversal zones + 68% + 68% + 48%

Comment

The price has reached the bottom of the rising channel. U-turn zone. The channel width is about 70%, which is not bad enough. It is also worth noting that they can draw a "Head and Shoulders" figure, for its formation we have a left shoulder and a head, only the right shoulder is missing. Therefore, you should be careful, if an upward movement starts and the price cannot overcome the 0.0005 level, we have every chance of getting this bearish formation. As a consequence, there is a high probability of the destruction of this upward trend (channel).

Trade closed: target reached

Comment

ATOM / BTC Main trend. U-turn zone. My trade for a year

Comment

Short work + 10% from the reversal zone (breakout of the support level, confirmation of breakout after rollback). A falling wedge is forming. Work on the trend.

Comment

ATOM We accumulate large positions and get profit without risks.

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