~ ATOM will continue it's downward trend and having it's pullback to 31.58
~ Once the correction on 31.58 is confirmed we can entry to a shorting position
~ Also on a daily tf Moving Average 50 & 200 Death Cross on the particular candle which indicates a bearish signal
~ On a pattern perspective Rising Wedge is a bearish pattern and the coin already breakdown and were waiting for a pullback and this can make another bearish pattern
which is Head and Shoulder to another potential entry on shorting.
~ Even though RSI is going up from an over sold territory this can be corrected on RSI 50 then possibly to further go down
~ Same in the MACD buying volume is not that high compared to previous to consider that this will go up
~ Let me know if you have some suggestions or comments so we can learn from each other. Thank you!
~ Once the correction on 31.58 is confirmed we can entry to a shorting position
~ Also on a daily tf Moving Average 50 & 200 Death Cross on the particular candle which indicates a bearish signal
~ On a pattern perspective Rising Wedge is a bearish pattern and the coin already breakdown and were waiting for a pullback and this can make another bearish pattern
which is Head and Shoulder to another potential entry on shorting.
~ Even though RSI is going up from an over sold territory this can be corrected on RSI 50 then possibly to further go down
~ Same in the MACD buying volume is not that high compared to previous to consider that this will go up
~ Let me know if you have some suggestions or comments so we can learn from each other. Thank you!
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