We've recently published an Idea regarding a Long signal with ATOMEUR on the 2D timeframe, we've got the same signal from Crypto Tipster v2 on the Daily timeframe too, this can only be a good thing!
As you can see there is a potential layer of resistance near the center of this symetrical triangle, which could take a second push to break through, but generally...
Atom is currently caught within a near perfect symetrical triangle, having just rebounded again off the bottom edge.
Our Crypto Tipster v2 Indicator has been having some amazingly good trades with ATOMEUR '2D' over the last year or two and this could be another one. Already showing gains of nearly 5% by the time we've got around to writing this Idea!
Given this...
Hello everyone !
Today H₿ Capital is analyzing Cosmos (ATOM) based on a Weekly chart 📈
What we can see :
- Prices navigate in an ascending channel which is working perfectly since 2019.
- Back in December 2021, prices landed on the lower line of our channel, but, immediately rebounded to the 43$ area where our main resistance is (previous ATH)
- Spreads...
Possible formation of a symmetrical triangle.
For a reckless trader wait for the upside breakout of the triangle.
For a cautious trader wait for a retest or the break of the all time high (blue line).
In this case a Stop Loss would be just a bit below the EMA 50.
Target: let it run and move the SL to break even.
The bar is nearing the triangle end, so we should be expecting a breakout soon. The analysis is based on the daily timeframe, so this could still happen in a few days. But considering the Bitcoin price at the moment that can make a big move anytime, the breakout here could also happen anytime soon.
ATOM has been ranging (aka. in accumulating phase) for almost 3...
