Here we have a perfect descending channel on the ATOMBTC chart.
This channel was broken recently with a final 'shakeout' or 'stop-loss hunt' move.
After breaking below the last low, a final dip happens to activate the stop-loss of all those using limit/automatic stop.
All these people lose their money in the yellow highlighted area.
If you are using manual stop-loss as we do, you have enough time to see prices going down but then moving back up.
Anyways, prices are now trading back above EMA10, EMA50, and EMA21.
The volume went up strong on 15-Jan. showing that the bulls are jumping in.
We also have the classic bullish signal coming out of the RSI and MACD.
ATOMBTC is ready to go green.
Namaste.
This channel was broken recently with a final 'shakeout' or 'stop-loss hunt' move.
After breaking below the last low, a final dip happens to activate the stop-loss of all those using limit/automatic stop.
All these people lose their money in the yellow highlighted area.
If you are using manual stop-loss as we do, you have enough time to see prices going down but then moving back up.
Anyways, prices are now trading back above EMA10, EMA50, and EMA21.
The volume went up strong on 15-Jan. showing that the bulls are jumping in.
We also have the classic bullish signal coming out of the RSI and MACD.
ATOMBTC is ready to go green.
Namaste.
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💥💥💥 Early 2025 Results (NEW)
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.