ATOM/USD - I want to buy, price looks good. NO!!! ⛔
"Duo, ATOM price looks juicy, should I buy?"
NO. ⛔
"But why - I want to FOMO!"
Do you see that uptrend? The price broke below it... it's over. What you can expect is a... DOWNTREND or a significant correction.
Not only did ATOM break its uptrend, it also broke below the key support at $13.
Also, check the MACD on this 3-day timeframe. It's about to flip BEARISH... yeah.
Hold to your cash.
"OK, OK - so when do I FOMO?"
I would only start to consider it when ATOM is at $10. There is good support there, but if the market turns really bearish with BTC under 18k (see my BTC idea below), then you can expect even one-digit levels again.
So there you go, ATOM is bearish in my eyes for the next month at least...
Trade accordingly.
Like and follow if you liked my idea!
NO. ⛔
"But why - I want to FOMO!"
Do you see that uptrend? The price broke below it... it's over. What you can expect is a... DOWNTREND or a significant correction.
Not only did ATOM break its uptrend, it also broke below the key support at $13.
Also, check the MACD on this 3-day timeframe. It's about to flip BEARISH... yeah.
Hold to your cash.
"OK, OK - so when do I FOMO?"
I would only start to consider it when ATOM is at $10. There is good support there, but if the market turns really bearish with BTC under 18k (see my BTC idea below), then you can expect even one-digit levels again.
So there you go, ATOM is bearish in my eyes for the next month at least...
Trade accordingly.
Like and follow if you liked my idea!
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