ATM Price analysis. Target for Atletico Madrid fan tokenRead please details on a chart! BINANCE:ATMUSDT
If we will see hype around CHZ and fan tokens all main targets for this alt season marked on a chart with explanation
Would be good to see Money inflow on a W tf again based on Money Power indicator
And signal to buy on TradeOn indicator
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Atleticodemadrid
GOAL!!! Atlético de Madrid Fan Token (ATM), a popular sports-based cryptocurrency, is currently experiencing a significant price shift, making it a topic of interest for crypto enthusiasts and traders. This in-depth analysis, based on a 1-hour time frame, aims to provide insights into the current market situation and its potential future directions.
Currently, ATM is priced at $2.667, marking a considerable rise of 23% over the past 24 hours. This surge aligns with the bullish market sentiment underlined by an array of indicators. The Relative Strength Index (RSI), a momentum oscillator used to gauge the speed and change of price movements, stands at 80 – nearing the threshold for overbought conditions. Meanwhile, the volume oscillator, a tool to track volume changes, indicates a healthy 25.5% rise, suggesting an increase in buying pressure. The Stochastic oscillator, another momentum indicator, records a score of 61, signifying continued buying momentum.
On-Balance Volume (OBV), which uses volume to predict price trends, currently stands at 22 million. This metric aligns with the positive market sentiment, indicating a high volume of positive volume pressure. The Moving Average Convergence Divergence (MACD), another trend-following momentum indicator, sits at 0.109, affirming the bullish trend.
Taking a look at the Bollinger Bands – which measure market volatility and provide relative definitions of high and low prices – ATM's upper, middle, and lower bands are located at $2.638, $2.282, and $1.926, respectively. Intriguingly, ATM's current price exceeds the upper band, hinting at possible overextension and potential price correction in the future.
Fibonacci retracement levels – used by traders to identify potential levels of support and resistance – are set at $2.2 (0 level), $2.124 (middle level), and $2.048 (1 level). These could provide potential pivot points for price reversals. Furthermore, market movements over the last few hours indicate that ATM's price peaked at $2.98 before retracting to its current level. This peak now forms a key resistance level.
Upon switching to the 4-hour time frame, it becomes evident that the 1.618 Fibonacci level closely aligns with the resistance at $2.92. This level, near the recent peak price, is worth monitoring for signs of a breakthrough or rejection.
In conclusion, while the bullish momentum is evident in the current market dynamics for ATM, the key resistance level of $2.98 presents a significant hurdle. A break above this level could signal further bullish momentum, potentially propelling ATM into a new price range. Conversely, a bounce off this resistance could lead to a consolidation phase or even a price decline, with the support level of $2.591 providing a potential floor. As always, traders should integrate these technical analyses with broader market trends and updates to form a well-rounded trading strategy.
Atletico De Madrid Fan Token (ATM) formed Gartley upto 21% moveHi dear members , hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM) with US Dollar pair.
Our last successful trade of ATM was as below:
Now on a 4-hr time frame, ATM 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
Atletico De Madrid Fan Token (ATM) formed Gartley for upto 11%Hi dear friends, hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM) with US Dollar pair.
Previously we caught a nice pump of ATM
Now on a 4-hour time frame, ATM has formed a bullish Gartley pattern.
Note: do you own research, the content is for educational purposes only.
Atletico De Madrid Fan Token (ATM) formed Gartley for upto 70%Hi dear patrons, hope you are well and welcome to the new trade setup of Atletico De Madrid Fan Token (ATM).
On a 4-hr time frame, ATM has formed a bullish Gartley pattern:
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
$ATM/BTC 4h (Binance Spot) Falling wedge breakoutAtlético de Madrid Fan Token broke out bullish and confirmed the end of the local downtrend, up we go!
Current Price= 0.0003569
Buy Entry= 0.0003543 - 0.0003393
Take Profit= 0.0003945 | 0.0004485 | 0.0004904
Stop Loss= 0.0003149
Risk/Reward= 1:1.5 | 1:3.19 | 1:4.5
Expected Profit= +13.75% | +29.33% | +41.41%
Possible Loss= -9.20%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks