MrWorld

ATOM looking for some relief bull push

Long
BINANCE:ATOMUSD.P   ATOM Perpetual Futures Contract
ATOM, just like most other coins still has a bearish market structure on the daily timeframe. But 4H is successfully holding a bullish market structure. I'm expecting a push upwards towards the golden pocket of the recent downward move, peaking at max at $15.

We might see a range shift afterwards, meaning a confirmation of the current overall bottom, but I am expecting another push to the lows, since most coins are building up a massive hidden bear divergence.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.