ATOMUSDT ! Testing upward channel support. Risingš
ATOMUSDT is in a global uptrend. Earlier, the price made a false break through the resistance zone, but did not reach the strong resistance level of 12.487.
On the chart, in addition to the global channel, I marked a local uptrend channel, and as we can see, the price at the moment clearly works out its borders. On the pullback, the price has tested the support and formed an upward impulse. I expect consolidation above the level of 10.833
I suppose if the price is able to consolidate above the level of 10.833 and does not go down, it is logical to look for an entry point to buy. Short-term target is the local resistance at 11.800, medium-term target is the liquidity zone at 12.487.
Regards R. Linda!
On the chart, in addition to the global channel, I marked a local uptrend channel, and as we can see, the price at the moment clearly works out its borders. On the pullback, the price has tested the support and formed an upward impulse. I expect consolidation above the level of 10.833
I suppose if the price is able to consolidate above the level of 10.833 and does not go down, it is logical to look for an entry point to buy. Short-term target is the local resistance at 11.800, medium-term target is the liquidity zone at 12.487.
Regards R. Linda!
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