ATR/USDT Facing the ResistanceHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ATR is currently facing resistance between $0.0165 and $0.0211. If ATR fails to break above this resistance level, a downtrend is likely, with a potential drop to the $0.0047-$0.0064 range.
On the upside, a breakout above this resistance will confirm a bullish rally for ATR, with potential gains of over 740% from the support level.
The RSI is trending below the middle line and is likely to reach the oversold zone, indicating a possible bearish move.
Key Levels:
- Primary Resistance: $0.0165-$0.0211.
- Primary Support: $0.01193.
- Lower Support/Accumulation: $0.0047-$0.0064.
- All-Time Low: $0.0025.
- All-Time High: $0.105.
- Scenario: Possible rejection, followed by a rebound.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
