ATAUSDT - Inverse Head & Shoulder Reversal Pattern Idea LONG ♥

What's up TradingView Fam!

This time I'm giving you a coin that hasn't moved for a while but an incoming up move is in the works. We can clearly see several hints put together giving that confluence we need !

• 1) Coin is at Monthly Support Key Level
  
• 2) It has been in consolidation for a long period of time hinting a probably accumulation bound to break out soon.
  
• 3) We already got a breakout from the descending channel pattern pointing at a change in sentiment from bearish to neutral leading to bullish!
  
• 4) On Daily TF we can clearly see an inverse head and shoulder pattern which is rare to spot! If it breaks the neckline, there you get your confirmation!
  

I recommend to trade SPOT as this coin is overall in a ranging market, so beware.
Targets are displayed on the chart!

Take care and happy trading!
Kina

Comment:

TP 1 and TP 2 HIT! YEAAAAAH

Pretty soon will hit TP 3, so brace yourselves!

Comment:

Huge retracement back to TP1 there's a chance to enter and target TP3 but it's going to take a while as long as BTC keeps ranging.

Trade closed: target reached:

TP 3 HIT with flying colors!!! All Targets met ♥