ATOM SELL SHORT
~ We're seeing a bearish divergence on this chart @ 2hrs tf
~ Forming a Rising Wedge (bearish pattern)
~ Weakening buying pressure shows on MACD Indicators
~ RSI on slightly overbought in 2hrs tf currently @ RSI 63
~ We're seeing a bearish divergence on this chart @ 2hrs tf
~ Forming a Rising Wedge (bearish pattern)
~ Weakening buying pressure shows on MACD Indicators
~ RSI on slightly overbought in 2hrs tf currently @ RSI 63
Note
Since our expected pullback didn't happen at $31.3 we are now supporting at $29.52 we need to monitor this for a possible pullback on $31.7 to make a head & shoulder pattern then we can do shorting again. Buy long in this market is too risky so i will not buy long it's mini break out to $31.7 because anytime market can be againts us or on our expected next move.
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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.