unknownpower

ATOMUSDT - Oversold

לונג
unknownpower מעודכן   
BINANCE:ATOMUSDT   Cosmos / TetherUS
In this market I wish I had more money to invest ( "you need money to make money " ). Anyways...

Observe the above 5D chart (USDT pair). Consider the following:

1) Price has declined nearly 87% from its all-time high

2) Falling wedge pattern on RSI

3) Price sitting at previous resistance/support (no indicator this level will act as support now though)

4) For a consecutive 50 days (80 if we ignore the green doji candle printed on 16 April) ATOM has been depreciating

5) RSI at heavily oversold levels

2D BTC pair below satisfying the same above points



Timeframe: Not sure
Return (initial) : 0.5x - 2x
Leverage: Most I would use here is 2x.

PS : Not sure why but the 2D BTC pair is extremely strong. Not financial advice!
הערה:
I want to clarify this "Not sure why but the 2D BTC pair is extremely strong.". What I meant is that signals printed by indicators are stronger and patterns more important in the 2D BTC pair chart.
הערה:
Correction: "Return (initial) : 1.5x - 2x"
עסקה פעילה:
Volume spike. Buy.
הערה:
:)
הערה:
Congrats to whomever was brave enough to buy and hold until my predicted (and exceeded) 2x return
כתב ויתור

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