ATM/USDT { ATLETICO MADRID FAN TOKEN } - BULLISH SETUPANALYSIS 🔎
- ATM/USDT hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.7 - 0.786).
- The pullback retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing a symmetrical triangle pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@16.50).
- Horizontal resistance level (@19.14).
- Horizontal resistance level (@24.79).
- Fibonacci extension levels 1.0 (@30.36).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the symmetrical triangle's inclined support.
- Final invalidation: breakdown below the horizontal support level (@13.09).
ATMUSDT
ATMUSDT to Spike up soonGoing by the chart, ATM is moving in ABCDE pattern and what looks like it has already touched point E.
From here on ATM should Spike up soon. Currently it is trading at $19.1 which is best position to go LONG.
Potential targets are $21.485 with around 13% profit and $22.626 with 19.5% profits.
Keep your stop loss at the swing low at $18.557
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
ATMUSDT Will Try the Resistance Again
Welcome back Traders, Investors, and Community!
ATMUSDT on h4 after rejection from the Resistance may go for a Pullback
⬆️Buy now or Buy at 13.98
⭕️SL @ 12.79
✅TP1 @ 15.89
✅TP2 @ 20.99
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
ATMUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are the mother of 4-hour time frame. As you can see, the price is close to its support floor and we think the price can be supported and start moving upwards. Keep in mind that if the price can stabilize above the channel, we will enter the trade for high targets. And if the price is not supported and stabilizes below the channel, we consider the fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ATMUSDT (ATLETICO MADRID FAN TOKEN) - BULLISH SETUP ANALYSIS 🔎
- ATMUSDT is bounded in the ascending channel (AC).
- Price is testing the ascending channel support.
- Price action is printing a pennant (P) 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 (R1).
- Horizontal resistance level (R2).
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
- This breakdown will lead to a test of the ascending channel support.
- The ascending channel support is the next support zone.
ATM/USDT Update: Fully reached our >100% TargetATM had a good month and reached our target.
Since ATM is out of champions league I guess we go down within the shortterm.
That's why the re-entry box is that far down.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ATMUSDT 4H Long setup; Bounce from support zoneTA Explained
ATM bounced from support zone after a pullback of the impulsive move of the first half of February. Now found support and created a series of higher lows. Ready to move upward.
Trade setup
Best entries: 6.801 - 7.214
TP1: 8.154
TP2: 9.616
TP3: 11.584
SL: 5.5797
RR: 3.81
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)