ATOMUSD in the past 50 days made a big decline of over 75% and its a good moment for accumulation in the short-medium term time frame. Good news coming out for the ATOM ecosystem and a potential upside of 100% is very likely to happen even in 1 month period. What is the supported thesis technically for the expected scenario on ATOM?
- There are big liquidation holes to be filled upside and the first strong resistance is at $22.00 per coin
- The MACD indicator hits low points and soon will start its explosive on the upside
- Wedge concentrate price action and soon will break out with huge price action
- Breaking of downside dynamic trendline should be a reality in the beginning of June
If you have any questions related to this trading idea I will be happy to provide you with answers.
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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.