Technical analysis by gmichigan about Symbol ATOM on 9/9/2023
https://sahmeto.com/message/3340973
gmichigan
Rank: 9621
Analytical Power:
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Identify Buying and Selling Zones:Buying Zone: In an uptrend, the buying zone is typically near the Fibonacci retracement levels, especially around the 38.2% and 50% levels. Traders look for bullish price action signals (like candlestick patterns or positive momentum) in these zones as potential entry points for long (buy) positions.Selling Zone: In a downtrend, the selling zone is usually near the Fibonacci retracement levels, particularly around the 38.2% and 50% levels. Traders seek bearish signals (such as bearish candlestick patterns or negative momentum) in these zones as potential entry points for short (sell) positions.
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Signal Type: Neutral
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