Hello everyone, let's look at the 4H ATOM chart for USDT, in this situation we can see how the price has affected from the upper limit of the downward trend channel, however, staying in the upper part of the channel. Going further, let's check the places of potential target for the price:
T1 = $ 4.79
T2 = $ 5,26
Т3 = 5.63 $
Let's go to Stop-Loss now in case of further declines on the market:
SL1 = $ 4.29
SL2 = $ 4.02
SL3 = $ 3,57
Looking at the RSI indicator, you can see a healthy relaxation crossing the lower limit, which produces space for a potentially new growth movement. The MacD indicator that has returned to the center of the range, which also creates potential for upward movement.
T1 = $ 4.79
T2 = $ 5,26
Т3 = 5.63 $
Let's go to Stop-Loss now in case of further declines on the market:
SL1 = $ 4.29
SL2 = $ 4.02
SL3 = $ 3,57
Looking at the RSI indicator, you can see a healthy relaxation crossing the lower limit, which produces space for a potentially new growth movement. The MacD indicator that has returned to the center of the range, which also creates potential for upward movement.
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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.
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.