ATABUSD
Automata Network (ATA) formed Gartley for upto 10.50% pumpHi dear friends, hope you are well and welcome to the new update on Automata Network ( ATA )
Previously we caught a nice trade of ATA as below:
Now on a daily time frame, ATA with BTC pair has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Automata Network (ATA) formed BAT for upto 10% pumpHi dear friends, hope you are well and welcome to the new update on Automata Network ( ATA ) token with US Dollar pair.
Previously I shared a long-term trade setup for ATA , which is still in play as below:
Now on a 4-hr time frame, ATA has formed a bullish BAT move for another bullish reversal move. At the moment after the completion of the final leg the priceline is slightly moved up, therefore, we can wait for some price correction to catch it from the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ATAUSDTWhat Is Automata (ATA)?
Automata is a high-performance compute protocol that empowers Web 3.0 applications and businesses with privacy-first, high assurance, and friction-less transactions. Its mission is to provide the functionalities and infrastructure necessary to realize the vision of a seamless Web 3.0 experience. It tackles the lack of transparency in data ownership, censorship, and intrusion into personal privacy.
Automata’s products include:
Privacy-first cross-chain service plane: Automata offers privacy services for various blockchains that let users control their data.
Shielded and unbiased compute plane:the degree of privacy of computation in Automata can be stronger than in centralized web services like AWS.
Elastic and scalable control plane: it is operated by a group of staking nodes and governs interactions between participants of the protocol.
Ledger plane: Automata provides interfaces for multiple blockchains to exchange data and cooperate on the agreed set of data in an atomic and privacy-preserving manner.
ATA brakeout retest and soon confiramtionAta broke out from falling wedge with some volume.aAfter brakeout succesfully retest that level.if we get close outside of the range it will confirm direction.target on chart
ATABUSD { AUTOMATA } - BULLISH SETUPANALYSIS 🔎
- ATABUSD is testing the all time low support (@0.33919)
- Price action is printing a pennant pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price (CMP).
- Stop limit entry: breakout above the pennant pattern's inclined resistance.
- Limit entry: test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.43948).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
ATABUSD { AUTOMATA } - BULLISH SETUPANALYSIS 🔎
- ATABUSD is bounded in the ascending channel.
- Price is testing the ascending channel support.
- Price action is printing a pennant pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.59)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel and pennant pattern's inclined support.