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When coin get added to exchanges sometimes they go very parabolic.
Atom is one that seems to be setting up for a very nice return!
Taking a look at the 4 hour TF its clear we are consolidating inside a symmetrical triangle.
Symmetrical Triangles are a indescision move where it's 50-50 bull and bear.
Considering current market conditions I have a bullish bias with this playing out.
Prices are correction ABCDE so we want to see a breakout of resistance soon for this to further my bias.
Once we breakout I would expect a short consolidation before going higher but it's also possible we impulse fairly soon before.
Watch for this one to really start taking off!
When coin get added to exchanges sometimes they go very parabolic.
Atom is one that seems to be setting up for a very nice return!
Taking a look at the 4 hour TF its clear we are consolidating inside a symmetrical triangle.
Symmetrical Triangles are a indescision move where it's 50-50 bull and bear.
Considering current market conditions I have a bullish bias with this playing out.
Prices are correction ABCDE so we want to see a breakout of resistance soon for this to further my bias.
Once we breakout I would expect a short consolidation before going higher but it's also possible we impulse fairly soon before.
Watch for this one to really start taking off!
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