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ATOM/USDT - Breakouts + Re-Tests

Long
ATOMUSDT Perpetual Contract (BYBIT:ATOMUSDT.P)  
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BYBIT:ATOMUSDT.P   ATOMUSDT Perpetual Contract
Trend Analysis Technical Indicators ATOM Bullish Patterns Relative Strength Index (RSI) 100emadaily 200emabreakout bollingerbandstrategy rsi_divergence
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trendanalysis indicator atom bullish relativestrengthindex 100emadaily 200emabreakout bollingerbandstrategy rsi_divergence
Looking at ATOM, we are seeing an amazing movement that resulted in a steady breakout and re-tests while keeping BB in steady neutral zones. While 100EMA and 200EMA have been broken and re-tested, we are seeing the RSI on daily is overbought, which indicates a potential re-test (another) to that same 200EMA zone before further movement to the upper zones.

Swallow Team
Comment:
snapshot

This upper zone caused some confusion last time. Breaking this zone is mandatory for price to reach $13K.

The longer we are getting rejected by this zone the smaller are chances of reaching this upper $13 zone and more likely to fall back down!
Comment:
ATOM/USDT is currently facing resistance, struggling to break out of a zone it has tested three times. Without a clear breakout, ATOM may retest the 200 EMA zone, which has been a strong support level.
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