ATOM on significant support, indicating that a high run up is a good probability.
ATOM is a top coin (rank #26) that has not yet seen a run up.
However, it is exhibiting a significant reversal pattern that many other coins have
already shown are worth watching.
It has broken below an ATL support and rebounded. This is historically a profitable setup
if the coin does indeed reverse from this level. If it is a good trade, it should have at least 2-3
legs up from this level.
If not, it is worth DCAing into to get our of this position, due to the good probability of it
turning back up if it does go lower. But this seems unlikely at this time.
Potention sell levels (buy back in on pullbacks) are indicated by a red line.
DISCLAIMER: drunk when made chart.
ATOM is a top coin (rank #26) that has not yet seen a run up.
However, it is exhibiting a significant reversal pattern that many other coins have
already shown are worth watching.
It has broken below an ATL support and rebounded. This is historically a profitable setup
if the coin does indeed reverse from this level. If it is a good trade, it should have at least 2-3
legs up from this level.
If not, it is worth DCAing into to get our of this position, due to the good probability of it
turning back up if it does go lower. But this seems unlikely at this time.
Potention sell levels (buy back in on pullbacks) are indicated by a red line.
DISCLAIMER: drunk when made chart.