ATOM potential end of retracement

2020年2月21日

ATOM also making a bounce. Resistance at 5000 and 5200. Pull back entries at 4850 and 4700 (possible wick to ~4550). But 4700 is definitely the strongest support. At day timeframe looks very promising, as price bounced from 0.5 Fibonacci level, and so that could have been the end of retracement.

Targets 5200 - 5500 - 5700

If grow above 5860 (and close day candle above that value, but that is for the next week), than will start a new uptrend with much higher targets.