ATOM/USDT

Updated
Quick ATOM analysis.
1day Time Frame
Firstly we note the MACD as we see a potential cross within the next few days. Rsi fell to 67.34, and we will keep paying attention to see if it climbs above 70%, which is considered bullish. BB%B suggests the width of the bands. As you can see, the BB may have widened too much. After the BB expands, we can see a scenario where price action takes us near the Middle Band (near $17 or below). We should cautiously approach shorting as we are on an uptrend, and this consolidation phase seems bullish.
Best Wishes,
HONEYITSGONE!
Note
That leverage hit hard though. Only up.... PNL's
Note
Cut 50% of position for profit @ $18.30 . Deleveraged , now working with a @ 5x perp contract. S/L for profit @ $18.75. Trying to take this position near range lows. Valhalla again or stop for profit seems like a good play.
Note
Beware of relief pump may happen on the H1
Note
Stopped for profit Idea still valid. Consider closing position or taking profit.
Trade closed: target reached
We tapped near the middle band and positions should have been closed for a nice profit. Idea still valid for further downside. However the target has reached.
Note
BTW flag could have been adjusted.
Chart PatternsTechnical IndicatorsTrend Analysis

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