ATOM/USDT, ZOOMED OUT VERSION, Trifecta of bearish harmonics
Topped with bear div on daily, and although as show in my other idea, we're getting a bounce on shorter time frames. Here are my thoughts:
Bearish view: further retrace, fall from channel due to the confluence of high TF bear div and and the bearish harmonics, current bounce is mercy/dead-cat bounce due to being oversold on 4 hr and 6 hr
Bullish perspective: the bottom trend-line did hold support and is still in tact, MIGHT do another pump to either test the top or the upper trend-line creating a new high
My view: may play with it for small gains (scalp) but not planning to HODL and will wait for further retrace to really go heavy into it
Bearish view: further retrace, fall from channel due to the confluence of high TF bear div and and the bearish harmonics, current bounce is mercy/dead-cat bounce due to being oversold on 4 hr and 6 hr
Bullish perspective: the bottom trend-line did hold support and is still in tact, MIGHT do another pump to either test the top or the upper trend-line creating a new high
My view: may play with it for small gains (scalp) but not planning to HODL and will wait for further retrace to really go heavy into it