Three weeks of the active struggle of buyers for their place under the sun at the ATOM market ended successfully. The ATOM price reached the liquidity zone of $9, where sellers became more active. During the first two days of the new trading week from 11 July, sellers managed to absorb the body of the previous weekly candle. All this happened extremely simply and without additional efforts in the form of volumes. This signal indicates the weakness of buyers in this ATOM price range. Source: https://www.tradingview.com/x/Yl1EzfBV/ The first local price stop under these circumstances can be around $7. If we do not see the interest of buyers near this range, the probability of updating the local low from 13 June will increase significantly. In this case, you should buy ATOM no earlier than $4.3. Until the ATOM price is fixed above $7, it is dangerous to buy ATOM and only within the framework of short-term upward rebounds. Technical Analysis Of ATOM On The Daily Timeframe Source: https://www.tradingview.com/x/HolxoLDP/ Analyzing the movement of the ATOM price on the daily timeframe, one can notice the formation of a consolidation range of $6-$9. The middle line of this consolidation passes near the $7.3 mark. From the $7.3 mark, buyers have a chance to organize a local rebound and test the strength of sellers in the $9 range again. If this test is weak – it is worth considering the ATOM cryptocurrency for short positions with the ...
XRP Price Prediction For 24 November
