#ATOMUSD - A 20% Short or Resistance Too Strong?theCrypster -
This ranging wedge formation has a clear level of support/resistance running through the middle of it; we've just received a Sell signal from CTv2 after a rejection on the upper edge.
Are we going to see a huge 20% Short coming off here all the way to the lower support edges, or will this SR band prove to be too strong?
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Atomusdshort
ATOM :: Falling in the end !ATOM :::
The price has broken out of the larger channel and corrective movements are shown in a smaller channel .
The price will move towards the bottom of the bigger channel, but due to the resistance there, the price will move down .
Resistances :
1_ Floor of the bigger channel .
2_ The roof of the smaller channel .
3_ Linear resistance .