ATAUSDT.P trade ideas
ATA October 2, 2021This is my trading idea with $ATA
Enter on 1-Hour timeframe at the support level confluence with the fib level + ema20 (neon green) for a probable bounce play
So... What is ATA?
Read more here:
Automata is a high-performance compute protocol that empowers Web 3.0 applications and businesses with privacy-first, high assurance, and friction-less transactions. Its mission is to provide the functionalities and infrastructure necessary to realize the vision of a seamless Web 3.0 experience. It tackles the lack of transparency in data ownership, censorship, and intrusion into personal privacy.
Automata’s products include:
Privacy-first cross-chain service plane: Automata offers privacy services for various blockchains that let users control their data.
Shielded and unbiased compute plane:the degree of privacy of computation in Automata can be stronger than in centralized web services like AWS.
Elastic and scalable control plane: it is operated by a group of staking nodes and governs interactions between participants of the protocol.
Ledger plane: Automata provides interfaces for multiple blockchains to exchange data and cooperate on the agreed set of data in an atomic and privacy-preserving manner.
Trading Indicators Legend:
NEON GREEN - EMA 20
TEAL - EMA 50
YELLOW - EMA 100
ATA Making Bullish cup and handle pattern on 1DCurrently ATA is trading on $0.815 price levels ! the area of demand is $0.69 to 0.76 which is acting as key levels of support . if this cup and handle pattern played out we are going to see massive gains on this trade !
Ps:- NFA ! this is just my observation according to the charts !
Don't sleep on ATA. 5X TO 6X POTENTIAL!Wonderful project with established team (former Ziliqa devs) who aim to solve the front-running and privacy issues that crypto is currently facing. Backed by investors such as KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures, and Jump Trading. Currently at the lower range of a broadening wedge and it looks structurally strong to me. I will sell my bag at the green rectangle. Don't forget to DYOR. SL below the wedge support.
ATAUSDT AnalysisATAUSDT is retesting this massive wedge and already closed a candle perfectly at the upper line of the wedge. The outbreak target is around 2.50 dollars. This chart looks very healthy, its a young coin which is in its accumulation phase right now.
Hope you enjoyed this quick analysis.
Checking the weekly watchlistSo let check it on ATA/USDT
The price in this area has good support but has not yet been able to break the first resistance area according to the chart
We are waiting for the candlestick to stabilize above the resistance of $ 1.44 because the high stabilization of this area can provide the conditions for the price to rise to $ 1.8.
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