ATOMUSDT
Moment of truth for $ATOM$ATOM has been down trending for several weeks, forming a descending triangle. Now price reached support at $23.5 but everything is in $BTC hands.
If you look at the RSI you can see a bullish divergence forming but this is not enough, waiting for more conformations.
I will only go long after a bounce from support with bullish volume followed by a breakout of the triangle's resistance!
I will only go short if price broke below support with huge selling volume:
Be reactive not predictive :)
ATOM 1W If the candle does not break the canal, you can enter
How do you know when to enter and exit a trade?
The safest strategy is to exit after a failed breakout or breakdown, taking the profit or loss, and re-entering if the price exceeds the high of the breakout or low of the breakdown. The re-entry makes sense because the recovery indicates that the failure has been overcome and that the underlying trend can resume.
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
A one-day frame analysis for ATOMUSDT
You see that the price is fluctuating near the support line and it is expected that to move back to the resistance line after touching the support line. In case it enters the area below the support line and remain there, we will face a decline up to the next support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ATOM is at the bottom of its ascending channel. Will it bounce?Looks Like ATOMUSDT is at the bottom of its ascending channel and on demand zone. It can move at the bottom a bit and go up or create a fake break out as it did before and travel to the top of its channel.
Comments please..
This is not a financial advice.. Please DYOR before opening any position.
Cheers