📊 ATOM Update — Based on Mustafa’s request 🔥
Among the currencies that caught my attention, ATOM’s chart is currently quite interesting.
On the hourly timeframe (1H), we are currently watching two main possibilities:
🟡 The first scenario:
We are working on forming a corrective ABC structure, or we may be at the beginning of forming a new impulse (impulsive wave).
The key support zone we are watching:
🟢 1.332 - 1.297
This area is important for the possibility of completing the fourth wave (Wave 4) in yellow.
🔵 The blue scenario:
If we get a deeper correction, we may see a retest of the following areas:
📍 1.260 - 1.240
These are important zones where we are watching for the price reaction.
📌 Summary:
It’s likely that we are still seeing a final upward push before the formation of the local top, and there is no confirmation that the top has been placed yet.
🎯 Plan:
⏳ Patience is required right now.
We have two options:
1️⃣ The first scenario:
Wait for the structure to complete, and if price completes a bigger downward wave 1 or wave A, we can look for Short opportunities after getting confirmations.
2️⃣ The second scenario:
Wait for the correction and reach the important areas, then look for Long opportunities from the attractive zones as shown in the chart:
🟢 Green = buy interest zones
🔴 Red = sell interest zones
👀 First, we monitor the structure, and we shouldn’t rush to enter before the scenario is completed.$ATOM
Among the currencies that caught my attention, ATOM’s chart is currently quite interesting.
On the hourly timeframe (1H), we are currently watching two main possibilities:
🟡 The first scenario:
We are working on forming a corrective ABC structure, or we may be at the beginning of forming a new impulse (impulsive wave).
The key support zone we are watching:
🟢 1.332 - 1.297
This area is important for the possibility of completing the fourth wave (Wave 4) in yellow.
🔵 The blue scenario:
If we get a deeper correction, we may see a retest of the following areas:
📍 1.260 - 1.240
These are important zones where we are watching for the price reaction.
📌 Summary:
It’s likely that we are still seeing a final upward push before the formation of the local top, and there is no confirmation that the top has been placed yet.
🎯 Plan:
⏳ Patience is required right now.
We have two options:
1️⃣ The first scenario:
Wait for the structure to complete, and if price completes a bigger downward wave 1 or wave A, we can look for Short opportunities after getting confirmations.
2️⃣ The second scenario:
Wait for the correction and reach the important areas, then look for Long opportunities from the attractive zones as shown in the chart:
🟢 Green = buy interest zones
🔴 Red = sell interest zones
👀 First, we monitor the structure, and we shouldn’t rush to enter before the scenario is completed.$ATOM