ATOM/USDT - Breakouts + Re-Tests

Nov 15, 2023

Looking at ATOM, we are seeing an amazing movement that resulted in a steady breakout and re-tests while keeping BB in steady neutral zones. While 100EMA and 200EMA have been broken and re-tested, we are seeing the RSI on daily is overbought, which indicates a potential re-test (another) to that same 200EMA zone before further movement to the upper zones.

Swallow Team

Nov 16, 2023

Note

This upper zone caused some confusion last time. Breaking this zone is mandatory for price to reach $13K.

The longer we are getting rejected by this zone the smaller are chances of reaching this upper $13 zone and more likely to fall back down!

Nov 17, 2023

Note

ATOM/USDT is currently facing resistance, struggling to break out of a zone it has tested three times. Without a clear breakout, ATOM may retest the 200 EMA zone, which has been a strong support level.