ATA 12h Hype patty near the delicious long buy area

29 jun 2021

The previous idea on ATAUSDT worked out the first part of the forecast: a fall from $1.22 to $0.43

Who listened to our thoughts and bought in the $0.40-0.50 zone is a fine fellow.

We decided to update the idea in a larger timeframe to make it easier to view.

The most likely scenario is now a long-term consolidation in the shape of a triangle, where buyers and sellers will decide which of them is stronger and where the price should move.
As part of the consolidation, the price of ATAUSDT may rise first to $0.71 and later to $0.93

The situation on the chart may get negative if the ATAUSD price drops below $0.43. In this case, the way will open for a fall in the cost of ATA to $0.23-0.25

Summing up, we can say that now the ATAUSD price is near an interesting zone for long purchases. If you buy ATA long on the spot, without leverage, then the stop is below $0.43-0.40 within the acceptable risk framework and the profit/loss ratio per trade.
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