DU09

ATOM/USD - Beautiful break and march to $60!

Panjang
BINANCE:ATOMUSDT   Cosmos / TetherUS
ATOM has done a wonderful re-test of support (see my macro view for ATOM linked below) and now we just penetrated the resistance represented by the FIB 38% level. If we can make this level support as well, we're ready to ride this much higher.

The 4h timeframe looks great, with a MACD cross over and plenty of momentum to get us higher. Volume on this pump was solid and this last green candle is nothing to fuss about.

ATOM is ready for more gains. Thus I expect continuation despite any pull backs. As I said earlier, any pull back is a buy for ATOM until we reach a significant level like $60.

Bias remains very bullish.

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