While Atom has done very well over the past 18 months is there another leg to go?
Potentially but I would have to assume there would be more pain and bleed out before we retest or pass prior ATH.
In reality we went from 1.60 in March 2022 to 44 bucks last month. I mean what mroe could you ask for? how about $75 MAYBE?
However if you notice in the Sept/Oct mini alt cycle Atom was one of the laggards to pop.. many other alts had taken off and started to retrace before this even stated to really take off.
Which leads me to think that IF we do get another rally in q2 of 2022 that this one would still act as a laggard. We would have to see more bleed out before whales see enough meat on the bone to really start pumping it.
A lot of people are betting on this 22-26 range to hold, but I just dont see it. To me a good buy it closer to the 15 to 17 dollar range... would line up with the 750 EMA (which I know seems random but a lot of dumps have been touching that EMA this cycle... the 500 day ema was church in the 2017 cycle... but now I think there is just so much more leverage taking place that the flush outs are really pushing those dumps further than normal. Even on exchanges that dont offer margin...the margin exchange cause a stronger flush out and then arbitrage opportunities happen...
ANNNYWAYS TLDR Love ATOM but I'm a buyer at 15-17 dollars while i think it is going to go lower.. Im not going to short it because....
I also dont know what I am talking about...
Potentially but I would have to assume there would be more pain and bleed out before we retest or pass prior ATH.
In reality we went from 1.60 in March 2022 to 44 bucks last month. I mean what mroe could you ask for? how about $75 MAYBE?
However if you notice in the Sept/Oct mini alt cycle Atom was one of the laggards to pop.. many other alts had taken off and started to retrace before this even stated to really take off.
Which leads me to think that IF we do get another rally in q2 of 2022 that this one would still act as a laggard. We would have to see more bleed out before whales see enough meat on the bone to really start pumping it.
A lot of people are betting on this 22-26 range to hold, but I just dont see it. To me a good buy it closer to the 15 to 17 dollar range... would line up with the 750 EMA (which I know seems random but a lot of dumps have been touching that EMA this cycle... the 500 day ema was church in the 2017 cycle... but now I think there is just so much more leverage taking place that the flush outs are really pushing those dumps further than normal. Even on exchanges that dont offer margin...the margin exchange cause a stronger flush out and then arbitrage opportunities happen...
ANNNYWAYS TLDR Love ATOM but I'm a buyer at 15-17 dollars while i think it is going to go lower.. Im not going to short it because....
I also dont know what I am talking about...