Parachains, sidechains, ETH competitors - ATOM is headed higher. Crashed ~60% off the highs, establishing a beautiful accumulation zone with nearly all green volume in the range representing strong hands picking up what weak hands put down. OBV also at ATHs, further evidence of strong accumulation. This is one of the cleanest ranges I've seen in crypto in a while. I'm a buyer on a breakout and close above $6.30 on strong volume, scaling in some position now. 4th time brushing up against resistance is the charm? Targeting $8.50 then $12. Happy trading!
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1st Target Acquired. Next up, $12 per ATOM! Following closely behind DOT's steps.
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Both targets hit! With the strength of this move and with the continued strength in crypto in general I've decided to hold onto the majority of this position until signs of a top. Targeting the 3.618 target around $22