💫Here’s a detailed weekly ATOM/BTC analysis—focusing heavily on the Directional Movement Index (DMI) combo—and a forward-looking forecast.
💫 While ATOM/BTC is currently in a strong downtrend, the presence of bullish RSI divergence on a weekly scale suggests that the strength of this trend may be fading, opening the door for a possible upside shift.
💫 Trend Shift Scenarios:
👎 Bearish continuation if:
• –DI remains above +DI, AND
• ADX sustains above 30, reinforcing downtrend strength.
👍Bullish reversal begins when:
• +DI crosses above –DI on the weekly chart, and its starting to curve;)
• ADX remains elevated or climbs, confirming the new uptrend.
📉 Bear scenario:
If +DI continues to lag and ADX remains strong—price may retest recent support levels in BTC terms (around 0.000037–0.000038 levels.)
📈 Bull scenario:
Look for +DI to crossover above –DI while ADX sustains high values. Weekly RSI divergence (already visible!!!!) supports this &suggests potential 30–50% upside if ATOM breaks out against BTC resistance.
💫 Price Target:
In such a breakout, expect ATOM to outperform BTC by ~30–40% short-term, with room for up to 100% upside if momentum builds more!
💫 Summary
Weekly ATOM/BTC shows a strong downtrend (–DI > +DI, ADX ~33), but bullish RSI divergence hints at a possible reversal.
💢Catalyst: +DI crossing above –DI with ADX sustaining signal strength.
💢Potential: 30–50% upside short-term, 100% mid-term if breakout holds.
💢Plan: watch weekly DMI/ADX and price action in 0.000037–0.000038 BTC range, manage risk with stop-loss under support.
*Noteable: Also Watch RSI confirmation: upward breakout off of divergence is a strong signal.
💫 While ATOM/BTC is currently in a strong downtrend, the presence of bullish RSI divergence on a weekly scale suggests that the strength of this trend may be fading, opening the door for a possible upside shift.
💫 Trend Shift Scenarios:
👎 Bearish continuation if:
• –DI remains above +DI, AND
• ADX sustains above 30, reinforcing downtrend strength.
👍Bullish reversal begins when:
• +DI crosses above –DI on the weekly chart, and its starting to curve;)
• ADX remains elevated or climbs, confirming the new uptrend.
📉 Bear scenario:
If +DI continues to lag and ADX remains strong—price may retest recent support levels in BTC terms (around 0.000037–0.000038 levels.)
📈 Bull scenario:
Look for +DI to crossover above –DI while ADX sustains high values. Weekly RSI divergence (already visible!!!!) supports this &suggests potential 30–50% upside if ATOM breaks out against BTC resistance.
💫 Price Target:
In such a breakout, expect ATOM to outperform BTC by ~30–40% short-term, with room for up to 100% upside if momentum builds more!
💫 Summary
Weekly ATOM/BTC shows a strong downtrend (–DI > +DI, ADX ~33), but bullish RSI divergence hints at a possible reversal.
💢Catalyst: +DI crossing above –DI with ADX sustaining signal strength.
💢Potential: 30–50% upside short-term, 100% mid-term if breakout holds.
💢Plan: watch weekly DMI/ADX and price action in 0.000037–0.000038 BTC range, manage risk with stop-loss under support.
*Noteable: Also Watch RSI confirmation: upward breakout off of divergence is a strong signal.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.