#ATOMBTC - If we Break this Mid-Line We've got a Big Drop!Look at some of these trades CTv2 has generated for us recently!
We've got another one here with this Short trade, if price breaks this mid-line we're adding on another 30% to our portfolio!
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Crypto Tipster v2
theCrypster
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Cosmosbitcoin
ATOMBTC - Is ATOM Looking Weak Against Bitcoin Right Now?Following on from the surge of Bitcoin recently (and the huge profits that Crypto Tipster took away from it!) we're left in a bearish market for several alt-coins that didn't quite manage to rocket like lots of others have. ATOM could be one of them.
As you can see we've lost around 12% since touching the upper limit of the channel it's been ranging in for a few months, is this decline going to continue to the lower edge of the aforementioned channel? That would be a further 20% - it's quite possible and with a Sell signal from Crypto Tipster within this descending consolidation channel, it looks totally possible!
ATOMUSDT SHORTAccording to the analysis, ATOMUSDT will probably reverse after a strong bullish movement. As we can see, we got short signal from the two indicators used for the analysis. MACD line cross below the signal line and this is usually interpreted as a sell signal. In addition, ADX shows us the trend is strong. Nevertheless, we need confirmation of our assumption before opening a short position. Therefore we should wait for the price to break the support and retest it as resistance. In conclusion, the rejection at the resistance will be our entry price.
no financial advice
ATOM entry positionPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- Blue zone = heavy support
- Above 21 EMA
- MACD histogram is green = bullish in the past
- MACD curling up
Only real resistance is at 5300, after that we have no more levels until we reach 7300.
Cosmos/Bitcoin/Tether (14 May) #ATOM $ATOM #BTC $BTC #USDT $USDT#ATOM/BTC #ATOM/USDT (14 May)
ATOM had some reversal signs, but this is a new coin and it's not a good buyzone to keep long-term
If you don't have ATOM, you can buy at 50000sts or 3.8$
Recommend selling area in this wave : 55000sts or 4.5$
Stoploss if price is lower than 48000sts or 3.6$