ATOM/BTC 1D (Binance) Descending channel, falling wedge breakout

20. Mai 2020

TA: Cosmos is facing mid-line channel support and just broke out a falling wedge on lower time-frame.
FA: ATOM is a staking coin with high APR (+8% at least) and fundamentals are quite positive (Cosmos Hub 2.0).

Current Price= 0.0002730
Buy Entry= 0.0002694 - 0.0002500
Take Profit= 0.0003198 | 0.0003598 | 0.0004245
Stop Loss= 0.0001996

Risk/Reward= 1:1 | 1:67 | 1:2.74
Expected Profit= 23.14% | 38.54% | 63.46%
Possible Loss= -23.14%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h

4. Juni 2020

Trade geschlossen: Ziel wurde erreicht

TP1 with +17.14% without leverage, or 85.70% using 5x in Margin. Patience is the key my friends! 🗝

8. Juli 2020

Trade geschlossen: Ziel wurde erreicht

TP2 reached with +38.54% (192.70% using 5x)
Descending channel finally broke-out, take some profit and hold the rest up to last target!

10. Juli 2020

Trade geschlossen: Ziel wurde erreicht

And that's a wrap, Cosmos made it to last target (TP3) with +63.46% (317.30% using 5x) from average entry.
This could keep going, but I'm taking profit here as planned!