Breakout ? confirmation , bullish uptrend ? take the trend
Hello Traders!
Please Note that ATOM is moving recently , we are waiting on 1h Time frame for a potential breakout from our non- horizontal resistance if buyers succeed to push price higher ( we need to see a confirmation after breakout along with good buying volume to validate the breakout ) the price might re-test our resistance then move upward.
on 4H : Symmetrical triangle has already formed with decreasing selling impulses ( buyers are keeping sellers not to reach a lower price ) , overall it looks bullish!
Please keep your eyes on the breakout on lower time frame , set your stop loss when it breaks possible target could reach 38$ 39$ 41$
Enjoy Good luck traders !
Please Note that ATOM is moving recently , we are waiting on 1h Time frame for a potential breakout from our non- horizontal resistance if buyers succeed to push price higher ( we need to see a confirmation after breakout along with good buying volume to validate the breakout ) the price might re-test our resistance then move upward.
on 4H : Symmetrical triangle has already formed with decreasing selling impulses ( buyers are keeping sellers not to reach a lower price ) , overall it looks bullish!
Please keep your eyes on the breakout on lower time frame , set your stop loss when it breaks possible target could reach 38$ 39$ 41$
Enjoy Good luck traders !
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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.