ATOMUSDT4H trend chart
Refer to last analysis post(link as below)
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We'll set new TP/SL from previous strategy about ATOM here.
From previous analysis, we put a descending wedge on ATOM and predict it was gonna break out the trend line.
It did break out the line and was close to TP1, but further got resistance from another short-term trend line.
Now, there is a new and small wedge, but I' rather seem it as a triangle, because the support level works around $34.28.
If price can take out the short-term downtrend line, trading strategy as below.
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Profit Targets:
a) 44.8----Fib(1)
b) 52.29~55.32-----Fib(1.272~1.382)
c) 72.35-----Fib(2)
Stop losses:
a) 31.58-----Red horizontal ray
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🌔Signal channel: t.me/tradingdiary_cat
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→Join Teaching Group for free!(PM me)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.