ATOMBTC | Triple bottom and breakout possibilityAt 1H timeframe chart we can see the price action in the Triangle. The first attempt to breakout was made in a local upward movement in a smaller triangle pattern. However there was not enough trade volume and long power support, which is represented by Ichimoku clouds attraction below price action zone on 15th of March.
Currently ATOMBTC formed a triple bottom pattern and accumulated for a bounce, moreover Ichi is now acts like a support and attracts the price action to the higher zone which can result in a massive breakout in the short-term
Entry zone, targets and stop loss are presented in the Premium and Basic channels. You can find Basic channel link in the signature below
ATOBTC trade ideas
ATOM COSMOS will keep moving down the channel of bullishness. Lot's of hype on this project and no doubt it's with some merit but i think we'll see more of a consolidation in this channel with it finding it's bottom some time in the middle of March around 0.618 Fib retracement level. Thoughts? Obviously, we could breakout very soon and this idea would be forgotten and i will never mention it again.
ATOM/BTC very risky trade for low reward.Hello Traders,
ATOM/BTC dont have a profit/loss factor trading,
For us to enter a position we always have a stop loss value, and for that our target has to be at least twice as much as our stop value, that is, for us we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk.
For atom we can see that the only entry point that make sense is above the 0.00045 sats, and we have a very important resistance at 0.00050 sats, that means our stop will be 10% to have a chance to win 10%, so dont worth the risky that is what we call profit loss factor.
Cosmos: Will ATOM-BTC Finally Launch Us into the Cosmos?ATOM-BTC is currently setup for both a daily and weekly TD9 (buy) setup. The Stochastic's bottomed out on the 12hr, 1D, and 1W timeframes.
We shall see if buyers step up this week.
Using a mix of Nick Core's "Alpha Exhaustion" & Tone Vays' "TI Indicators Sequential" indicators.
$ATOM, Bouncing from ~40k sats support...$ATOM
Bouncing from ~40k sats support as it tested lower trendline of the descending channel..
UCTS remaining bearish for now.. OBV & RSI bullish divergences..
Aiming for an entry as close as support as possible, tight SL under local LL (just in case)
#ATOM
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ATOM bullish divergence and volume increaseWe have noticed a sudden drop in ATOMBTC pair after the recent BTC pump which was expected. What is very promising though and should not scare you is the distinct bullish divergence present on the RSI and the Stochastic RSI. Notice the divergence between the price drop the late days and the increase on the indicators. This in conjunction with the massive volume increase is a clear bullish pattern. I expect a pump during the following week. Stay positive!
@ATOM clear breakout at 5200Massive volume accumulating lately supports a great move potential towards 6000. Huge symmetrical triangle forming the last months must be broken out to establish new ATH. Assuming that ALT season is back and BTC halving will support this I tend more towards breaking out.