ATA/USDT 1D. Basic trend. Secondary + local. Harmonic pattern. ATA/USDT 1D. Automata Network.
In the secondary trend descending channel is forming(taken from weekly). The large and the small(the inner - more liquid - channel).
Right now the price is trading near the support of the inner descending channel.
Notice, that in the beginning of forming of this big channel volume has been accumulated. Shown on chart.
Then the harmonic bullish pattern has form. Now the price in the final accumulation stage.
Check out the false start which took a place just recently. Dumped with the market.
Very huge probability it will continue to pump. Just not the right time right now.
Locally we're in the descending accumulation channel, similar to APE idea i shared recently.
Also check out the volume entering recently. First target will be 0.12$ zone. Then 0.15$.
If the price dumps(market dumps) we can reack 0.06$ zone which is classically a bottom zone for cryptocurrencies(666).
Automata
Automata Network (ATA) formed Gartley for upto 10.50% pumpHi dear friends, hope you are well and welcome to the new update on Automata Network ( ATA )
Previously we caught a nice trade of ATA as below:
Now on a daily time frame, ATA with BTC pair 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
Automata Network (ATA) formed BAT for upto 10% pumpHi dear friends, hope you are well and welcome to the new update on Automata Network ( ATA ) token with US Dollar pair.
Previously I shared a long-term trade setup for ATA , which is still in play as below:
Now on a 4-hr time frame, ATA has formed a bullish BAT move for another bullish reversal move. At the moment after the completion of the final leg the priceline is slightly moved up, therefore, we can wait for some price correction to catch it from the buying zone.
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
Automata Network (ATA) formed Gartley for upto 1300% big moveHi dear friends, hope you are well and welcome to the new update on Automata Network ( ATA ) token with BTC pair.
Previously we had a nice trade of ATA:
On a weekly time frame chart, the price action of ATOM has formed a big bullish Butterfly 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.
ATA potential to increase 6x#ATAUSDT
$ATA hold above ling term support and head up toward resistance zone around $1.3. breaking this resistance will lead price to touch descending resistance.
maybe after some correction price success to break this ascending line, and go up to $2.
finally #ATA has potential to increase more in long term, possible to reach $7 (560%)
if price break below $0.9 this analysis will need to be update.
ATABUSD { AUTOMATA } - BULLISH SETUPANALYSIS 🔎
- ATABUSD is testing the all time low support (@0.33919)
- Price action is printing a pennant pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price (CMP).
- 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 (@0.43948).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
ATABUSD { AUTOMATA } - BULLISH SETUPANALYSIS 🔎
- ATABUSD is bounded in the ascending channel.
- Price is testing the ascending channel support.
- Price action is printing a pennant 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 (@0.59)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel and pennant pattern's inclined support.