ATOM has flipped bullish and is rallying. Look at those sexy green candles.
The first test of this rally will be at $35 which may put up a fight before bulls can break it.
The MACD and RSI are curving up on increasing volume... this is bullish. Once MACD moving averages on daily timeframe do a bullish cross, this downtrend should end.
Expect some resistance at $35, but the momentum on the bull side is increasing, likely it won't hold price down for long if this continues.
Bias is bullish on this pair right now. But be careful as price will have a pullback at some point, you can't keep going up non-stop. Perhaps a good entry opportunity when that happens.
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The first test of this rally will be at $35 which may put up a fight before bulls can break it.
The MACD and RSI are curving up on increasing volume... this is bullish. Once MACD moving averages on daily timeframe do a bullish cross, this downtrend should end.
Expect some resistance at $35, but the momentum on the bull side is increasing, likely it won't hold price down for long if this continues.
Bias is bullish on this pair right now. But be careful as price will have a pullback at some point, you can't keep going up non-stop. Perhaps a good entry opportunity when that happens.
Like and follow if you liked my idea!
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