ATOM 1D Correction is over, is it time to grow?
The last time we made an idea for ATOMUSDT was 6 months ago.
Then we wrote about the target of $31.50 and then at least 50% fall to $15.
In fact, we received $32.32 and then the fall by 76% to $7.83.
Nevertheless, the ATOMUSD price was kept in the growth channel, which we drew in the previous idea. The ATOM price has been moving and growing by the channel since March 2020. The dotted middle of the channel also plays the role of support and resistance very well.
Now it looks like the ATOMUSDT price wants to grow, and the confirmation of buyers’ strength will be the price fixing above $15.50. In this case, the way will open for growth to the zone of $19.60-23.70, and we can safely focus on the highest target.
The chart will signal the weakness of buyers and, accordingly, the continuation of the downward fall, if the ATOMUSD price begins to fix below $10. In this case, you will need to think about placing pending buy orders from the levels of $6 and $4.40.
SXP 1D pattern “Cup with handle” and target for growth $60
During the fall in May, SXPUSDT buyers showed once again that they are not planning to let the price go below $1.30. By the end of July, the SXPUSD price once again lowered to the strong mirror level of $1.30, from which buyers began to drive the price up. The SXPUSDT price growth at the moment shows more than +100%.
If we look at the SXPUSD chart globally, we can assume that the “Cup with a handle” pattern is being formed now.
For the full completion of the formation of the “Cup with a handle” pattern, the SXP price needs to grow to the zone of $5.50.
Well, when the pattern is formed, and a positive mood prevails on the crypto market itself, then we will need to fasten our seat belts)
Since the path will open for growth first to $10-11.
Further correction and continued growth to $25.
And the cherry on the cake can be $60 for the SXP, as the final global point of implementation of the “Cup with a handle” pattern.
Oh, dreams dreams 🙂
