RizeSenpai

ATOMUSD: Holding 21-week SMA After Completion of Bullish Shark

Long
COINBASE:ATOMUSD   Cosmos
ATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards.

The Shark pattern here is admittedly controversial given the fact the C leg is an equal high to the A leg rather than being a higher high, but I think it is something that this pattern could maybe get away with.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.