As the last in today's review, we will check the ATOM chart, just like its predecessors, on a one-day interval. Let's start by marking the downtrend line that the price has to face, and then it is worth marking the local uptrend line that the price is currently moving above.
As for support, we see that we have the first support at $11.37, where the price has now completed a correction, the second support is at $9.99, and the third support is at $8.04.
Now, similarly, it is worth checking the resistances that the ATOM price has to face in the coming time. And here we see that the first resistance is at $12.82, the second resistance at $13.86, the third at $15.31 and the fourth very strong resistance at $17.19.
Next, it is worth paying attention to the EMA Cross 10 and 30, which, despite the correction, still show an upward trend.
On the CHOP index, we can see rising energy, MACD is on the verge of entering a downtrend, while on the rsi we have a nice rebound and a small increase, here it is worth noting that we are moving at the upper limit of the range in which you can often encounter a price correction.
As for support, we see that we have the first support at $11.37, where the price has now completed a correction, the second support is at $9.99, and the third support is at $8.04.
Now, similarly, it is worth checking the resistances that the ATOM price has to face in the coming time. And here we see that the first resistance is at $12.82, the second resistance at $13.86, the third at $15.31 and the fourth very strong resistance at $17.19.
Next, it is worth paying attention to the EMA Cross 10 and 30, which, despite the correction, still show an upward trend.
On the CHOP index, we can see rising energy, MACD is on the verge of entering a downtrend, while on the rsi we have a nice rebound and a small increase, here it is worth noting that we are moving at the upper limit of the range in which you can often encounter a price correction.