ATOM/USDT - Leading diagonal bullish bearish scenario

ATOM/ISDT - Leading diagonal - Bearish Bullish Scenario 


For this graph, We use Elliott Impulse Wave (12345) with eclipse tools


Elliot wave correction ABC and pitchfork tools MaCD


On this graph, we saw perfect leading diagonal Bullish Scenario


Verdict:


We open risk, Good buy at $2.9 - $2.850


Stop loss at $2.6 - $2.5 Blue bottom


first target $3.2 - $3.4 - $3.5


This is assuming that the BTC is still at $8k above


The Diagonal. Leading diagonals “lead” a 5-wave pattern (or the first part of a zigzag) — hence they appear in the wave 1 position. Ending diagonals “end' a 5-wave pattern — hence, they appear in the wave 5 position (or tail-end of a C-wave)


 Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)


Disclaimer: This is for educational purposes,it is not intended as a financial advice.


The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.




#Trend Analysis


#Chart Patterns


#Wave Analysis


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