Bullish Momentum
"ATOM is showing strong bullish momentum as it trends above both the weekly VWAP (red) and monthly VWAP (green), signaling sustained buying interest. The 50-period moving average (yellow) remains above these levels, reinforcing the uptrend. Fixed range volume profile highlights solid support at the Point of Control (POC), providing a strong foundation for price action. We’ve broken above the Value Area High (VAH) twice already, suggesting a high likelihood of breaking and holding above it soon. Next target: a potential test of the 200-period moving average (blue) as the trend continues to develop."
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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.