Pattern: Fibonacci Channel on 1D.
Signal: Buy as the current RSI sequence is an indication that ATOM is repeating the July-August 2020 bullish leg within the Channel that made a new Higher High.
Target: 40.00 (the 1.618 Fibonacci extension).
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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...