Cosmos
Long

ATOM Super Bull Idea 1/2

Od HommeDAffaires
Zaktualizowano
Good afternoon!

BLUF: This is my among my first TA projects, I was using EMA/RSI/MACD exclusively and their bullish indicators aligned on 05AUG21. I think the ATOM bull run is just getting started.

I woke up this morning excited to apply the TA skills I have learned recently. I had looked for laggard cryptos on CoinMarketCap [7D, 30D, 90D change] a couple days ago and identified ATOM for not keeping up with BTC. As you can see in the chart text boxes, bullish indicators popped on 05AUG21 and since then ATOMUSD has risen over 20%. From what I can see in historic charts, ATOM should continue to rise. As for the levels it should rise to, I have a linked idea where I use support/resistance levels, chart patterns, and Fibonacci retracement to identify $17.1, $20.05, and $22.95 as potential sell targets from a $15 buy in. Profits would be 14%, 33.7%, & 53% respectively.

As I stated in the BLUF, I am new to applying technical analysis strategies. I don't expect feedback but any would be appreciated!

I will add the link to part 2 as soon as able. For now, here is a screenshot.

snapshot
Komentarz
I misread the prompt, thinking I had to wait 15min to edit my idea! Here is the part 2 link:
ATOM Super Bull Idea 2/2
Technical IndicatorsMoving Averages
HommeDAffaires

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