ATOMUSD.P trade ideas
ATOM - Ascending ChannelAssuming trend continues for COINBASE:ATOMUSD .
Great entry before next push to the upside. Possible +65% return on hold.
* Below 200 MA on the 1H time frame; great entry price!
* Above 200 MA on the 2H chart for support.
* Above 120 MA on the 2H chart for support.
* Trading inside ascending channel since beginning of Feb 2021.
* After hitting next target high, may crash as low as $25.29. Labeled on chart.
* Measured Support/Resistance at:
- 21.82
- 22.86
- 23.59
- 24.32
- 25.23
I'm still very bullish on ATOM. It didn't get a strong push to the upside after Stargate upgrade as expected but the possibility is still there. When comparing market cap to BINANCE:DOTUSD , I believe ATOM is still very undervalued. This is one to watch out for and now may be our last chance for entries below $22. It' does not pump and dump like the other alt coins. The slow and steady growth is great for long term. The consistent price action inside ascending channel is undeniable.
Good luck trading!
ATOMUSD - EW analysis - Up moveATOMUSD - It is having two optional count, in which either it can extend 5th wave of 3rd wave of larger degree OR it may correct in 4th wave and go little lower. Need more price action to take a trade for up move.
Give thumbs up if you really like the trade idea/analysis.
ATOM's Logarithmic Price Roadmap For The FutureCOINBASE:ATOMUSD
ATOM has found it's trend direction on the logarithmic scale, Here is the general direction ATOM will be heading in the future for the long-term
ATOM's next stop will be the fib above at around $35 if all things go well
Expect resistance & possible pullbacks at each fib-extension level and major corrections upon hitting the top of the logarithmic channel
I've got high hopes for ATOM in the future and expect to see it fly past $100 and beyond in the coming months/years