ATOMUSDT Descending wedge in another wedge!/Trading strategy
ATOMUSDT 1H trend chart - Price has been consolidating in two descending wedges. Now, it broke out the first upper downtrend line, and still have another(orange line) needed to be taken out. And there is a potential double bottom pattern forming. If price can stand firm at 34.8, trading strategy as below. *Notice the long-term downtrend line will show resistance - Profit Targets: a) 36.13~36.67----Fib(1.272~1.382) b) 37.83----Fib(1.618) c) 39.7-----Fib(2)
Stop losses: a) 31.64----Red horizontal line - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see!
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