ATOMUSDT1H trend chart
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Price has been consolidating in two descending wedges.
Now, it broke out the first upper downtrend line, and still have another(orange line) needed to be taken out.
And there is a potential double bottom pattern forming.
If price can stand firm at 34.8, trading strategy as below.
*Notice the long-term downtrend line will show resistance
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Profit Targets:
a) 36.13~36.67----Fib(1.272~1.382)
b) 37.83----Fib(1.618)
c) 39.7-----Fib(2)
Stop losses:
a) 31.64----Red horizontal line
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.