On my chart you can see the previous bottom from last cycle, then price made ATH on 45$, then made pullback -85% and found support level on 6$ and didn't touch the bottom from previous cycle. Next price makes accumulation , swept liquidity from weekly candle, made deviation of trendline channel, made divergence on 1w TF. Also remember there are a lot of projects are built on Cosmos chain ==> they need native token ATOM ==> buy pressure .
Note
I am waiting for strong bullish movement in next days and my first TP will be 17-22$ on derivatives. Spot sells will be activeted on 100$Note
2 years in accumulation phase , capitulation of time , i still believe in 100$+ price on bullrun
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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.