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ATOMUSD

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.
Short
by PolarHusk
ATOMUSDT formed a bullish BAT pattern | Upto 59% expectedPriceline of ATOM / Tether US cryptocurrency has formed a bullish BAT and it is entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders here, but Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets, and this time I have defined buying zone from 0.786 to 0.886 of X to A Fibonacci projection: Buy between: 2.201 to 2.028 Sell between: 2.615 to 3.236 Regards, Atif Akbar (moon333)
Long
by moon333
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