ATOMUSD longs finally?
Updated
Good day traders,
Is it now time to buy ATOM? I think so, at least a couple of counts suggest so. The correction was almost twice longer by time (90d) then the first wave (53d) and quite furious (68.6%). At the first glance I thought this is going to be a simple zigzag, but it turned out to be a flat ABC with the C wave as ending diagonal, which might just have ended.
Now the real question is: "Has it finished?". Well we can only confirm it when the price crosses 12.94 which is already high enough from this point, or invalidate this count if we cross 10.23 which is closer.
Anyways this looks like a great entry for ride with such plesant targets, don't you think?
Is it now time to buy ATOM? I think so, at least a couple of counts suggest so. The correction was almost twice longer by time (90d) then the first wave (53d) and quite furious (68.6%). At the first glance I thought this is going to be a simple zigzag, but it turned out to be a flat ABC with the C wave as ending diagonal, which might just have ended.
Now the real question is: "Has it finished?". Well we can only confirm it when the price crosses 12.94 which is already high enough from this point, or invalidate this count if we cross 10.23 which is closer.
Anyways this looks like a great entry for ride with such plesant targets, don't you think?
Trade closed: stop reached
Invalidated due to the cross of 10.23, new bottom soon and only then longs.Trade active
Ok now it's the last barrier, and no matter what the count is, it's now or never. I'll try to update the count, though it's a really tough one.Trade closed manually
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