seems like Atom has been in a slight pullback/ retrace from recent local peak of 14.50. some may even see it as price consolidation around the high $13s - low FWB:14S dollar area. in this recent price action, i can make out what seems to be an inverse head and shoulders on short time frame....target short term(1day) is at the local resistance line of 14.50. ...
been watching this Inverse h&s pattern forming over the last several months. I hear Inverse H&S patterns usually happen on a reversal. Well, we been bearish for a long time, so maybe the trend is reversing and this pattern will confirm so and thus start of a bullrun on ATOM? Left shoulder formed(Sept.-Oct.). Head Formed(Nov-Jan). Right shoulder(Feb-Now) is...
While everyone else was freaking out last week with BTC fall from 22-23k, the rest of the market dipped also....everyone always gets so short sighted. I knew the dump was going to be temp as long as we stayed above 17.5k(keeping the higher low trend going)...remember that starting in January we shot from 17.5k up to 25k....slowly consolidated down to high 19s-Low...
Am I the only person noticing this Inverted H&S forming on the weekly? This might be the last week or 2 before ATOM rips upwards into the upper teens and low 20s... Not financial advise lol
Nearing end of a giant bull pennant Golden cross on the 1hr, 4h, and very soon daily MACD Rsi is in top end of Nuetral territory so bulls still in control Strong hands always get rewarded
you gotta take the risk to get the reward. diamond hands since DEC 28th on this gem
-ok so i noticing on the RSI we are starting to cup just like we did at the end of December..... -i also notice that we have a obvious bull flag going on...close to the apex, ready for a breakout, and more times than not, a triangle will breakout in the direction of the prevailing, overall trend...which since Thanksgiving, has been UP and to the...
rsi is leveling out in neutral territiroy...i like it...Sunday bullflag break out? if not, will be soon rsi LEVELING OUT JUST LIKE IT DID BEFORE XMAS...pump soon
4hr RSI is neutral territory Up and to the Right