$ATOM clear uptrend when zoomed out...
Looking at the 4HR, ATOMs uptrend appears to be weakening with decreasing volume and downward trending RSI.
However, looking at the 1D it is clear we are still in a very strong uptrend...even the 1HR shows healthy price action.
This is an important reminder to zoom out for the big picture/zoom in to see a micro-perspective.
Watching to see if
ATOM test the 0.0007221 sats R....if rejected hard ATOM will need to make a few more runs at it to break through.
Holding onto this position to see if it reaches new ATHs through Price Discovery in the coming weeks as the crypto market warms up.
However, looking at the 1D it is clear we are still in a very strong uptrend...even the 1HR shows healthy price action.
This is an important reminder to zoom out for the big picture/zoom in to see a micro-perspective.
Watching to see if
ATOM test the 0.0007221 sats R....if rejected hard ATOM will need to make a few more runs at it to break through.Holding onto this position to see if it reaches new ATHs through Price Discovery in the coming weeks as the crypto market warms up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.