ATOBTC trade ideas
ATOM LONG IDEAPrice broke through previous resistance, making a new high and is now pulling back.
Price already reached BZ1, i'm comfortable filling orders down to BZ 3 with the expectation
that this is a bullish pullback, targeting TP 1 & TP 2. In my opinion price would need to
pull back to take out the Major resistance level but when that time comes we'll see.
Trade offers very nice RR, additionally Atom has reclaimed a major support level and is
making Higher Lows
$ATOM/BTC - Long Atom has tested this S/R level near 2750 and price reclaim it pretty good and now moving up slowly. This is a slow pair, but a good point to long it.
i will close it if Daily Close below this S/R level. otherwise keeping this swing long till HTF Supply zone. targets 3200 - 3450 - 3655
ATOM/BTC LONG IDEA
#ATOM/BTC at 0.0002795 sat
Entry 0.0002800 - 0.0002750
Support: Bottom Pink Line and 0.0002560
Resistance: Top Pink Line and MA100
If it breaks the resistance it will go around MA100.
It could be a re/entry at confirmation around 0.0002800 - 0.0002900 sats
It's my first post.
It'll be nice if you leave some comments to improve my charts and publications.
This is not to take as trading idea. I'm still learning. Do your own analysis.
ATOM/BTCI'm unsure how I feel about the ATOM/BTC pair at the moment.
Looks like it has broken the downtrend from the previous cycle, but overall, it's still stuck in a downtrend from initial listing.
Forming a rising wedge, which is technically bearish. Sitting at support on said wedge. If support breaks, 1850-1900 satoshis is possible. If it does get to that price, then it's an absolute buy for me as I'd be targeting a potential double bottom situation. I'm currently holding this, but I regret not selling at 3200 satoshis, which was a very clear double top (in retrospect).
ATOMBTC Hi
If you are holding this pair, I highly suggest you sell it.
Cause, as you can see in the chart, there Is a visible Double Top Pattern.
On the other hand, Price hit the static weekly resistance and has shown a reaction to the base trendline.
So don't Hold it yet.
If I could short this, I would.
------------------------------------------------
What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.