ATOBTC trade ideas
Cosmos ATOM one of the most successful project on Binance, and this exchange list this project for free. Whose name speaks for itself and its potential for growth is enormous. After start trtading in exchange, the project fell in price and formed reversal pattern - falling wedge. Now formed a bullish triangle with a breakthrough potential up to the next level of fibonacci. 0.0007
ATOM looks ready to breakout! ATOM has been basing near this support zone for a few days now and looks like it might attempt another break of resistance
If successful, it could lead to a very quick move as we saw last time of over +40%
Breaking down from here could lead to a retest of the local bottom
LongThe Wedge has adjusted since BTC price activity last night.
Still looking good. I think if we can break that wedge we will blast off to the target range. Nice profits to be had!
$ATOM Reaching support at ~54K sats...$ATOM Reaching support at ~54K sats...
Volume decreasing
UCTS Sell signal active on the 6h chart
For now no signals of bouncing/reversal yet... Wait for Volume / break from the descending trendline etc..
It could go down to even ATL BTC support so patience.
#ATOM
ATOM THOUGHTS$ATOM update:
Never managed to clear the POC at yelllow, support is now resistance. Unless we can reclaim white box, the next area I'm looking at is the yearly low. Hard to judge how far we'll go since it's really up to $BTC, however that's where everyone has their stops.
ATOM/BTCThe price must go higher than 60 sat (Or must close over the 50 MA). It is a hard resistance.
Over 60 satoshi, it is bullish. Hold the blue line!
ATOM BTC LongLooking like a great position. We broke from a descending wedge and gained some reliable support on the way back up.
Could face some resistance from the lines marked out.
One good pump on volume could get us to the target.
Good luck!
ATOM end of the correctionPrice has been in a corrective bearish movement for quite some time now. We are expecting it to end rather soon, and start to make bullish waves. We believe, that there is another bearish retracement cooming, one that will touch the indicated support line, and then bounce off to continue its wave in the bullish direction.
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ATOM is comingThe price did a breakout from descending wedge and there is also possible cup&handle formation. Isn't it looking good?
