We noticed a double bottom
formation on ATL
in Feb 2020 which later, made a V-shaped reversal pattern and breached a resistance level
at 0.82 which was preceded by a Golden Cross in Aug. The price is now 'resting' above resistance 0.82 which has turned to current support. We expect for more bullish
movement to the next resistance at 1.08. On the flipside, the move below the 50-period MA at 0.70 could push the price lower.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.