~ ATOM will continue it's downward trend and having it's pullback to 31.58
~ Once the correction on 31.58 is confirmed we can entry to a shorting position
~ Also on a daily tf Moving Average 50 & 200 Death Cross on the particular candle which indicates a bearish signal
~ On a pattern perspective Rising Wedge is a bearish pattern and the coin already breakdown and were waiting for a pullback and this can make another bearish pattern
which is Head and Shoulder to another potential entry on shorting.
~ Even though RSI is going up from an over sold territory this can be corrected on RSI 50 then possibly to further go down
~ Same in the MACD buying volume is not that high compared to previous to consider that this will go up
~ Let me know if you have some suggestions or comments so we can learn from each other. Thank you!
~ Once the correction on 31.58 is confirmed we can entry to a shorting position
~ Also on a daily tf Moving Average 50 & 200 Death Cross on the particular candle which indicates a bearish signal
~ On a pattern perspective Rising Wedge is a bearish pattern and the coin already breakdown and were waiting for a pullback and this can make another bearish pattern
which is Head and Shoulder to another potential entry on shorting.
~ Even though RSI is going up from an over sold territory this can be corrected on RSI 50 then possibly to further go down
~ Same in the MACD buying volume is not that high compared to previous to consider that this will go up
~ Let me know if you have some suggestions or comments so we can learn from each other. Thank you!
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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.