Following the massive share split (13,497 new shares for every 24 old shares), Atos experienced a significant price drop from $1 to $0.0024. The stock reached its lowest point at $0.0015 on December 17, marking a critical bottom.
From January 9 to February 11, Atos entered a consolidation phase, ranging between $0.0024 and $0.0019, indicating a period of accumulation. However, on February 18, the price broke above its post-split all-time high, reaching $0.0035, with an intraday high of $0.0039.
Now, after this sharp extension from $0.0020 to $0.0039, a pullback is necessary to stabilize price action and determine the next trend.
Potential Scenarios for Atos Price Action
1. Bullish Continuation: Uptrend Formation
If Atos holds above $0.0028, we could see a bullish channel forming, with price moving between $0.0028 and $0.0035.
This scenario would set up a gradual uptrend, signaling continued accumulation and confidence in further recovery.
Key Level to Watch: $0.0028 must hold as support to confirm the bullish momentum.
2. Neutral Consolidation: Sideways Trading Range
If the price drops below $0.0028, Atos could enter another consolidation phase, ranging between $0.0023 and $0.0029.
This would indicate that the market is still undecided, with neither bulls nor bears taking full control.
Key Level to Watch: $0.0023 should act as strong support, preventing further downside.
3. Bearish Retest: Hunting for Liquidity at $0.0018–$0.0019
In a bearish scenario, Atos could break below $0.0023 and head toward $0.0018–$0.0019.
If this zone holds, it could trigger a new buying wave, stopping the bearish momentum and potentially creating a new hype cycle.
Key Level to Watch: Price must refuse to go under $0.0018 for buyers to regain control.
Conclusion: Crucial Levels to Watch for Atos' Next Move
Bullish scenario: Hold above $0.0028, creating an uptrend between $0.0028 and $0.0035.
Neutral scenario: Drop below $0.0028, consolidating in a range between $0.0023 and $0.0029.
Bearish scenario: Test $0.0018–$0.0019, with a potential rebound if this zone holds strong.
With the recent price breakout, Atos is now at a critical turning point, where the next few trading sessions will determine whether bullish momentum continues or if the stock will enter another consolidation or correction phase.
From January 9 to February 11, Atos entered a consolidation phase, ranging between $0.0024 and $0.0019, indicating a period of accumulation. However, on February 18, the price broke above its post-split all-time high, reaching $0.0035, with an intraday high of $0.0039.
Now, after this sharp extension from $0.0020 to $0.0039, a pullback is necessary to stabilize price action and determine the next trend.
Potential Scenarios for Atos Price Action
1. Bullish Continuation: Uptrend Formation
If Atos holds above $0.0028, we could see a bullish channel forming, with price moving between $0.0028 and $0.0035.
This scenario would set up a gradual uptrend, signaling continued accumulation and confidence in further recovery.
Key Level to Watch: $0.0028 must hold as support to confirm the bullish momentum.
2. Neutral Consolidation: Sideways Trading Range
If the price drops below $0.0028, Atos could enter another consolidation phase, ranging between $0.0023 and $0.0029.
This would indicate that the market is still undecided, with neither bulls nor bears taking full control.
Key Level to Watch: $0.0023 should act as strong support, preventing further downside.
3. Bearish Retest: Hunting for Liquidity at $0.0018–$0.0019
In a bearish scenario, Atos could break below $0.0023 and head toward $0.0018–$0.0019.
If this zone holds, it could trigger a new buying wave, stopping the bearish momentum and potentially creating a new hype cycle.
Key Level to Watch: Price must refuse to go under $0.0018 for buyers to regain control.
Conclusion: Crucial Levels to Watch for Atos' Next Move
Bullish scenario: Hold above $0.0028, creating an uptrend between $0.0028 and $0.0035.
Neutral scenario: Drop below $0.0028, consolidating in a range between $0.0023 and $0.0029.
Bearish scenario: Test $0.0018–$0.0019, with a potential rebound if this zone holds strong.
With the recent price breakout, Atos is now at a critical turning point, where the next few trading sessions will determine whether bullish momentum continues or if the stock will enter another consolidation or correction phase.
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.
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.