ATOM Technical Analysis: Positive Scenario Is A Test Of $44

The desire of buyers to return to the growth trend and continue the positive dynamics is clearly visible on the ATOM weekly chart. Although the ATOM price has not been fixed above the black trend line, some successes on the part of buyers are noticeable. First, sellers failed to update the local low of the weekly candle from 13 December. At around $19, there is a strong liquidity zone where ATOM buyers are willing to keep their prices. It was on the way to this liquidity zone that the trading volumes on the ATOM market increased and buyers were able to organize a counterattack. In fact, on 13 September 2021, the ATOM market began to consolidate in the global range of $19-$44. At the time of writing, the ATOM price is near the middle line of this consolidation. Therefore, in the absence of a trend, the importance of taking control of the trend line goes to 2nd place. Follow the $30 mark. If the trading week of 7 March ends above this mark, our main target is to test the mark of $44. Technical Analysis Of ATOM On The Daily Timeframe https://www.tradingview.com/x/uobhKOfY/ Analyzing the movement of the ATOM price on the daily timeframe, we can see the end of the local downward trend, which occurred on 24 February. The chart shows that high trading volumes did not help sellers even incorrectly update the local low from 15 December 2021. Also during the counterattack of buyers on 25 February the trading volumes increased significan...