ATOM Showing Great Strength and Poised to go higher!
Updated
This is the token of COSMOS, ATOM, but paired against the BTC (ATOMBTC). The stock is showing great strength and held multiple strong supports: getting stronger each time as we can see from the two parallel lines. Another key metric to take is that EMAs did not do Dead Cross (Bigger EMA crossing above Smaller EMA - opposite of Gold Cross), which is a healthy sign! I think if we could breakout the horizontal trendline (resistance line) then this could get going. We could see another shakeout moves (similar to what's going on now or the past 12 hours). I'm long ATOMBTC and letting this play out patiently and nicely. You must know your exit, timeframe and the whole strategy. I'd advise that when Dead Cross occurs or it break downs major support lines; this is the sign of warning and perhaps running away. GL!
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If you watch the 4-Hour, the Gold Cross just occurred (EMA50 > EMA100). All timeframes are beginning to emerge synonymously and simultaneously. This is a good sign!
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