ATOM just pumped 40% in one day. Not bad right? :)
Now we're closing on the resistance just above us and I expect us to face some rejection here. The parabola in yellow indicates the momentum behind this move, so if we break it then we may need to cooldown a bit before we can renew our move up.
The indicators remain very bullish right now, so I don't exclude us blasting through the resistance if we have sufficient power. That would be similar to AAVE which simply pumped higher without any concern for resistance levels.
That is still to be confirmed for now. So watch this level closely, I would avoid entering here as the risk reward is poor, you should have got in at breakout which is now our support line.
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Now we're closing on the resistance just above us and I expect us to face some rejection here. The parabola in yellow indicates the momentum behind this move, so if we break it then we may need to cooldown a bit before we can renew our move up.
The indicators remain very bullish right now, so I don't exclude us blasting through the resistance if we have sufficient power. That would be similar to AAVE which simply pumped higher without any concern for resistance levels.
That is still to be confirmed for now. So watch this level closely, I would avoid entering here as the risk reward is poor, you should have got in at breakout which is now our support line.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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