Price rejecting major S/R level on the daily and broke out of the descending triangle pattern and rejecting the 1H50EMA + .5 and .382 fib retracement.
Invalidation below the .786 (White line)
Targeting the D20 at least and letting the rest moon
ATOMPERP. Price action has broken out of bearish trend and ecosystems are starting to outperform Ethereum and take their own spotlight within the market. New cycles could be coming. Currently longing the breakout as price moves onward to retest the previous ATH as their ecosystem expands.
ATOMUSD can grow as high as $48.8, the retest of the dynamic resistance is support is confirmed, now waiting for atom to close above $36.
There is a resistance ahead at $42, so take that level as your first target!
Best of luck!
Reaching $43.9 (on FTX data), ATOM has his major resistance on a 1D timeframe. Is it ready to break out? I’m keeping an eye out on MACD, RSI and LEVEL2. In the mean time, I anticipate ATOM will retrace towards a 0.382 level, within $34-$33.5 range.
Currently trading at bottom of ATH channel. We have a support band that has called buyers multiple times (showing candles with long wicks at the bottom resenting buyers showing up and rejecting support price). If candle closes below support band for first time within the channel, price might fill the gap down to previous channel. Further, price might find...