ATOM to $60On the above 2-day chart price action has corrected almost 90% since the year began. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal prints.
2) Price action testing past resistance as support.
3) 1 & 2 is also true for the 3-day BTC pair (below).
4) ATOM price action finds itself on the ‘what if’ list. I don’t know how, but that’s the fact of the chart.
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 4 to 7 months
Return: 10x
3-day BTC pair