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ATOM/USDT (Futures) Potential Upward Movement

ATOM/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 38.009, 38.990, 40.372.

Key Support Levels: 36.098, 34.671, 34.107.

Daily Chart:

The price on the higher time frame found support around the 36.167 USDT mark where long wicks to the downside has been left. This shows that the market is about to be controlled by the bulls and this could lead to a move higher in the coming hours.

ATOM/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Chart:

On the lower time frame, the market succeeded to break the bullish flag to the upside after finding buyers around the 61.80% Fibonacci level. We could see a lower correction before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 35.802

TP 1 @ 37.818

TP 2 @ 38.990

Stop Loss @ 34.797

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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