ATAUSDT trade ideas
ATAUSDTToday I'm Gonna check the ATA Chart , Ata is working on the Web3 and Privacy so in my idea its good coin for investing long time , as you see in the chart ata on the good support and if you see the previous move you can see what huge profit there , one important point is You can Go buy when the Descding Trendline Break n confirm !
NOT FINANCIAL ADVICE
DO IT WITH YOUR OWN RISK
#ATA LONG IDEA#ATA has already made a deviation above RH and then came to the RL. It made a bullish SFP weekly which is very nice. It has huge FVG weekly. I expect a consolidation below previous weekly high and push the price to above 0.7533 level which will cause an OBS after that move I expect there will be resistance at quarterly open and retest to the 0.7533 level that level is the BREAKER level and we will be in the game there and keep it till the 0.9138 which is EQ and also previous montly low.
🆓Automata Network (ATA) Dec-21 #ATA $ATA
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.6$ zone
🔴Buy : 0.6
🔴Sell : 0.75 - 0.9 - 1.1
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.6$ zone
🔵Sell : 0.6
🔵Buy : 0.52 - 0.45
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ATA ab=cd shows more drop#ATA/USDT
$ATA is above long term support that can reject the price and head it up toward resistance zone.
price may have more drop to $0.385 to complete the AB=CD pattern of this correction wave.
but if bulls success to break out from resistance zone, possibly going up to touch descending resistance.
Binance: ATA buy / long H4Binance: ATA buy / long H4
Entry: 1.15
SL: H4 close below 1.05
TP: 1.4 - 1.5
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps across multiple blockchains. The protocol enables several use-cases such as Anonymous Voting and Miner Extractable Value (MEV) Minimization by leveraging the latest cryptography and privacy-protecting algorithms, along with Trusted Execution Environments (TEE).
ATA is the native utility token of the Automata Network and has the following existing and planned use cases:
Governance: ATA token holders can create and vote on proposals, platform features, and network parameters.
Mining rewards: Compute and storage miners earn ATA tokens by running applications and executing transactions for users on the network.
Protocol fees: Users pay miners for storage and computation work tasks.
Geode allocation: Users can bond ATA tokens to participate in Geode auctions.