ATOMUSD
ATOMUSD: A HELLO TO BULL DIVERGENCE?SCALPING LONG ON NON OR LOW LEVERAGE.
- Reason for long: Nice 3-drives pattern and matched some fib levels on larger TF.
- Big bull div in play probably.
- One of the rare silence coins that didnt pump hard, yet.
- Levels to watch: Key support at 3.7-3.6. Should have some bounces from here at least.
* Where to enter?
Unless it decides to jump directly from here and print a daily above 4.3 (in this case we will have new entry). Otherwise we will look for some buy setup at 3.7x to 3.6x and manual stoploss if 2 daily close below 3.49.
TPs is on the chart. Non or low leverage recommended.
ATOM/BTC TA Update (Bearish Pattern Confirmed?)ATOM/BTC
ATOM broke key trend-line support at 5300 sats area and closes below it with an engulfing bearish candle.
The price could drop further down below to 0.32 - 0.5 Fib levels before a potential relief rally to the upside.
If you are looking for Short Trades, you can place orders when ATOM retest and rejected
at previous trend-line support turning into new resistance. Place stop-loss above 6000 sats regions.
ATOMUSDT formed BAT | A good long opportunityPriceline of Cosmos (ATOM) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci (here I have ignored very minor difference) and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: $4.073 to $4.034
Sell between: $4.166 to $4.306
So this very short term 4hr chart is giving a good long opportunity for day traders.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
ATOMUSDT formed bullish BAT pattern | A good long opportunityPriceline of Cosmos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 4.303 to 4.288
Sell between: 4.338 to 4.391
Regards,
Atif Akbar (moon333)
ATOM/BTC TA Update (Bearish Pattern and RSI?)ATOM/BTC
ATOM is on a bearish pattern, bearish RSI and currently right at the strongest resistance the 0.618 Fib. It is no longer safe to play the Long position at this stage especially since the price is already approaching the apex of the pattern which typically ready for breakout or reversal. If you are going to play Long, make sure you have tight stop-loss to prevent from massive drop if the Whales decided to reverse the market direction.
ATOM/BTC TA Update (Bull Market?)ATOM/BTC
ATOM is on a strong uptrend with a series of Higher Highs and Higher Lows. Yesterday, it officially entered a Bull market after the 50 Day MA and 200 Day MA cross up.
If ATOM can find new support and build a new Higher Low between 4800 sats, a strong leg up is expected to reach the 0.618 Fib resistance.
ATOM/BTC (Up to 86% Profit Target)ATOM/BTC
Market structure is going up so we must trade
with the stronger dominant trend which is Bullish.
Highlighted below is the potential strong support
or next Higher Low to be established.
Trade setup
Buy area: 4000 Sats - 3600 Sats
Sell target: 5000 Sats - 7000 Sats
Stop loss: 3030 Sats
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