cup and handle at 30min time frame + ascending RSI in 4H time frame
Atom is likely to peak at 41 and, if so, it breaks up top of the weekly ascending channel.
it would be a real rally after confirmation.
O.K. nobody gets into any short long position before final cut, breaking the triangle up,or down. Checking the RSI and having hidden divergence in the same price tells the chance of a double bottom seems more.
After breaking down the uprising trend in accumulation channel, supply completely absorbed at 36000.
From now if the RSI and volume increase to the prior level, a midline breakout and testing the top of accumulation channel is possible.
That is critically important because this top point would be the intersection of down trending channel from 48000 and...
Is it a confirmation for finishing downtrend and starting a new accumulation period? RSI indicator and absorbing supply by demand on 34500 below the Head and Shoulder pattern could be two converging signals.