ATOM has had an enormous recovery surge currently 36% to take price to higher high.
This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers.
However bearish divergence suggests there may be a correction coming first.
ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will be a suitable entry I think.
...
Please note - I am bearish on BTC mid term. This trade is a swing only to capture high volatility in trending end phase. It is risky. A BTC capitulation will destroy this trade. However I think it will be a successful as BTC drifts sideways and up in recovery.
Not advice
This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers.
However bearish divergence suggests there may be a correction coming first.
ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will be a suitable entry I think.
...
Please note - I am bearish on BTC mid term. This trade is a swing only to capture high volatility in trending end phase. It is risky. A BTC capitulation will destroy this trade. However I think it will be a successful as BTC drifts sideways and up in recovery.
Not advice
Nota
ATOM taking off here, this could go far I think if BTC drifts up.Nota
Lift off 🚀Nota
Looks like another breakout coming up.Nota
Probable there is no more upside from here.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.