ATOMUSDT.P trade ideas
ATOMOUSDT is testing the key levelOn the daily timeframe, the price is currently testing a support level where the market experienced a recent breakout. On the same timeframe, the market formed a double top pattern at the 13.4$ area, which is acting as a resistance level.
Currently, the price is in an accumulation phase between daily structures, which suggests that the market is uncertain about the next direction of the trend. If the price fails to hold the support level and breaks down, it could potentially retest the level as a new resistance, triggering a potential bearish trend.
According to Plancton's Rules, if the price breaks down and retests the support level as new resistance, the 10.2$ area could be the target for a potential bearish impulse.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ATOMUSDT LONG SIGNALHello traders, ATOM is at a strong support and it can lead it to upward, and according to 18/jan ATOM has tested this support and it did a great pump... so I expect same thing to happen as its on this support for few days and it close daily candles above it.
enjoy, and have a great trading.
ATOM is not looking goodI am expecting higher high with bearish divergence or double top: we touched VWAP and there is some kind of diagonal resistance, filled monthly FVG. The daily is broken so v shaped top is in play too. I'd like to see retest to have a nice entry and down to 4.2. If that won't hold then lower to finish the pattern.
🔥 ATOM Massive Triangle ReversalI've made several analyses on ATOM and the massive triangle pattern it has been trading in since June 2022.
Since a couple of days, ATOM is finding support around the bottom support line of the triangle. In my view, there's a decent probability that ATOM will reverse from this point onwards and go back up.
I'm looking at the top resistance of the triangle as a potential target.
✅TS ❕ ATOMUSD: downtrend✅✅ ATOM/USDT moves in a downtrend.
The chart has returned to the downtrend channel.
Price will continue to decline. ✅
🚀 SELL scenario: short to 10.591. 🚀
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ATOMUSDTThe price has corrected to the Fibonacci retracement levels of 0.705-0.786 and currently at the point of control, where the most volume has been traded. This indicates that the asset is experiencing significant interest from traders and investors.
The ascending structure with three completed higher lows on the three-day chart implies a bullish signal, which may suggest a potential upward trend.
According to your indicator, the asset's momentum has almost reset. You believe that the price might need to experience some sideways movement before breaking out of the current range in the direction of the mentioned targets.
The first price target is $25 area, and the second price target is $35 area. These targets may provide potential profit-taking opportunities for traders and investors.
ATOM/USDT what do we see here? Hey guys 👋
ATOM coin has had a nice bounce from that lower support zone where currently it is going for those upper zone to claim them. We are going to wait for that upper zone to be secured by bulls before we enter the position but overall view should be seen here.
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Atomusdt: Short this pumpHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are going to sell the atom as it has formed a 'J' pattern above the trendline which is a sign of a bearish move.
Atom Short now @ 11.39
Stoploss 11.647(-2.12%)
Target 1, 11.107(+2.6%)
Final Target 10.781(+5.47%)
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ATOMUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Nothing has changed since my last idea, everything is relevant, still waiting for +-20$ zone.
Entry: market and lower
Targets: 16 - 18 - 20 and maybe ~22(not sure)
after first target reached move ur stop to breakeven
Stop: agressive 10.2, conservative 8.8 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4.5
risk is justified
Good luck everyone!
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