ATOM/USDT - Breakouts + Re-Tests

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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

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ملاحظة

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!

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ملاحظة

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.