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ATOBTC trade ideas

ATOM.BTC (Y20.P3.E2).Gems in the making. No.5Hi All, I have come across ATOM\COSMOS and have not payed enough attention to it, as it should and hence this post. (F chart) Continuing on with the Gem series base on my previous posts, basically calling out charts that over performed, given parabolic curves. Atom with its pairing has given us a beautiful structure it is which fits perfect into Corrective Wave triangle patterns, along with Bump and Run (BARR) strategy. Having said that, this structure is easy to read and the targets are easier than others to identify. Since its hit my 1st target (although I don't have Atom), Target 2 is clear and Target 3 as well, which has confluence with the BARR approach and fib extensions levels. Using the height descending, top declining, bottom flat triangle, Target 3 is deduced. How to trade this? BTC is still feeling out the 11500 range and its my opinion that it won't hold, and hence ATOM\BTC will do a pullback from its 1st target, to the described red line (chart below), maybe even lower. That's the time to enter and go long. Please give me a tick or like for this post. Cheers, S.Sari Overview of structure and targets: BTC pairing ATOM/USDT
Long
by ssari
1
ATOMBTC LongAtom making price compression. -Elliot wave pattern ABCDE. -Bull power. -Pullback & retest completed. -Bullish engulfing candle in H4. Fundamentals -With the recent launch of its mainnet, the blockchain platform Cosmos came into the spotlight as a solution seeking to act as a mediator between independent blockchains operating on its decentralized network. -Is the main cryptocurrency existing on top of the Cosmos platform which is designed to facilitate communication, scaling and interoperation between independent chains.
Long
by Softpips
ATOM.BTC(Y20.P3.E2).Breakout from Macro structureHi All, ~~~ a continuation from the previous post, link below ~~~ Another one I have had my eyes on but with all the things that were happening, I missed the bottom but how many trades can you take? Having said that, I missed out because I had others on the go and in some cases better trade setup. Having said that, today's list is shorter and this one stands out for going long. Observations: ================================================================ > On the daily, indicators are bullish (eg MACD where the macd line and signal are wide). > The macro structure is a of Descending (top declining, bottom flat or bottom rising and with a breakout (reversal structure) > 12 HRLY looks good with the indicators and candle sticks > 30 minutes we had 2 touches to retest the resistance line (chart below) which was the inverted barr target How to trade this? > wait for consolation below the current resistance line and look for a bullish candle on the 4 hrly or 8 hrly > refer to my 30 min chart with the 21/34 ema 30 min. chart > we had 2 touches to retest on the resistance line Please give me a like or tick for this post. Regards, S.Sari 8 HLRY chart with clearer overview DAILY chart > macd and WT indicators crossed over for bullish turn 4 HRLY chart, looking for another retouch and hence place your orders there PREVIOUS POST
Long
by ssari