Atom soars after a strong BTC rally, what does the chart tells us ?
We broke the short term level that blocked prices : low of the 4h Cloud and Daily Tenkan. A positive news, BUT we still have some things to do before being bullish again!
Two main targets to break for having bulls with us :
* On short term : we're blocked by the $31.3 resistance. Both Daily Tenkan and 4h SSB are blocking the way : strong resistance.
* By breaking this resistance, we can expect to go back to the long term resistance : Daily SSB, at $32.5 this long flat is, in my opinion, the biggest resistance on our way to 37$ area.
Note that BTC is back above its Daily Kijun, the #1 Crypto could lead the way for a few days, before leaving Alts alone, for another bullrun, maybe ? :)
Let's wait and see how the weekend will be.
What do you have in mind friends? :D
We broke the short term level that blocked prices : low of the 4h Cloud and Daily Tenkan. A positive news, BUT we still have some things to do before being bullish again!
Two main targets to break for having bulls with us :
* On short term : we're blocked by the $31.3 resistance. Both Daily Tenkan and 4h SSB are blocking the way : strong resistance.
* By breaking this resistance, we can expect to go back to the long term resistance : Daily SSB, at $32.5 this long flat is, in my opinion, the biggest resistance on our way to 37$ area.
Note that BTC is back above its Daily Kijun, the #1 Crypto could lead the way for a few days, before leaving Alts alone, for another bullrun, maybe ? :)
Let's wait and see how the weekend will be.
What do you have in mind friends? :D
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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.