The ATOM weekly chart is exciting. Every time the Stoch RSI oscillator is about to make a bullish cross but gets rejected, the price drops by at least 40%—this has happened the last two times.
However, the first time this fake cross occurred, the price increased by 68% before dropping by 74%.
Considering that on February 3, we saw a high-volume rejection from $3.7 (a 34% drop), I believe there is still room for the price to go lower, possibly even below $3.7.
If you flip the chart, it looks like it could reach around $3.2.
However, the first time this fake cross occurred, the price increased by 68% before dropping by 74%.
Considering that on February 3, we saw a high-volume rejection from $3.7 (a 34% drop), I believe there is still room for the price to go lower, possibly even below $3.7.
If you flip the chart, it looks like it could reach around $3.2.
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