Head and Shoulders. ATOM update

Chat is self explanatory.
While BTC is falling ATOM is pushing.

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We will likely surge through 7200 to the 7500. So make a notice to place your TP's in this area

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I was wrong about targets. New Take Profits update!
With such a momentum as we can see now we will likely rich highs around 8000!
So, new area for placing TP's 7800-8000!

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reach*

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Unluckily we did not break though 6300.
Probably will surge to 5900 and consolidate around 6000-6300 for unknown period of time.

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ATOM very close to breakout

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Targets still valid.
I think we will face the strong resistance around 8000 but the FOMO buyers the price higher to the 82-8300.
So be ready to close your positions in this area.

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! important news !
I am changing my Targets again, As ATOM slows the momentum of growth
The reason why I do this based on my expectations.
Earlier my idea was based on a good impulsive move, but as you can see we can not make an impulse.
So at this point of time I can suggest that the rejection area will be around 7800.

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It would be interesting to see ATOM skyrocket to the 90k

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If 5800 wont hold ATOM will Fall to the 5500.
If we do so Expect to see strong buy which should drive us to the 7200

Also This idea is failed. There was no good move at least to the 7200. We were just accumulating position for some Long term buyers.

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But if we fall below 5800 I dont recommend to trade

Trade closed manually

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Huge rejection on 4h chart. ATOM target for the next weeks to hit 4800.

lj_4b

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lj_4b