P_S_trade

ATOM 12h. The range $4.3-4.4 beckons!

Short
BINANCE:ATOMUSDT   Cosmos / TetherUS
ATOM's rapid rebound from March 2020 gave the token a new historical high $8.9. Buyers managed to fix this mark on 24 August.
The token active growth began in fact from the beginning of July. For two months, buyers confirmed their faith in the coin by their volumes.
We would like to note the range $5.5-5.75, where the price obviously slowed down both during the growth to $8.9 and during the fall.

At the moment, the token is being corrected. Sellers managed to lower the price below $5.5-5.75. This fact is the first signal that the fall will continue.

Now we are seeing buyers try to change the course of events. During the previous attack by sellers, buyers kept the trend line . However, now their buy-out looks uncertain.

Considering that we expect a total fall in the entire crypto market, the main scenario for us is short.
The first zone where we expect ATOM to fall is $4.30-4. 40 . There we will need to analyze candles and volumes and look at price behavior.

The above scenario will be canceled if the price fixes above 6.06. Then ATOM will delight its investors by the growth continuation to $7.22.
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Comments

great analysis bro
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