ATOMBTC trade ideas
ATOM/BTC TA Update (Bearish Pattern Confirmed?)ATOM/BTC
ATOM broke key trend-line support at 5300 sats area and closes below it with an engulfing bearish candle.
The price could drop further down below to 0.32 - 0.5 Fib levels before a potential relief rally to the upside.
If you are looking for Short Trades, you can place orders when ATOM retest and rejected
at previous trend-line support turning into new resistance. Place stop-loss above 6000 sats regions.
Cosmos era is over?
Hello Traders!
After almost 100d of upward move for ATOM market is ready for some range/correction action. Kumo cloud confirm range phase and RSI told us about weakening impulse... Bearish TK cross is possible, so stay focused will kumo support any correction moves (price can also bounce up from kumo), if price will break kumo its gonna be strong bearish sign to think about close long positions and open short orders.
Roger out.
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ATOM/BTC TA Update (Bearish Pattern and RSI?)ATOM/BTC
ATOM is on a bearish pattern, bearish RSI and currently right at the strongest resistance the 0.618 Fib. It is no longer safe to play the Long position at this stage especially since the price is already approaching the apex of the pattern which typically ready for breakout or reversal. If you are going to play Long, make sure you have tight stop-loss to prevent from massive drop if the Whales decided to reverse the market direction.