ATOM.usd just hit a serioius resistance at $5.4, break for $5.9

ATOM has a nice surge over the last few hours.
But it has just it a potentially serious resistance.
If it can break above, then $5.9 is possible target.

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Resistance Noticed

Since posting, a little dip for now but no a big rejection?

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Zoom IN (5 min) for a closer evaluation

There was a "Ping" (exact ricochet from a fib) at the top, on the green 3.618.
There was a subsequent rejection at the red fib below.
All in all, looks like more down unless gets back above $5.3014 asap.

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Bình luận:

wow, another nice blast right thru resistance

Lets see if it retests or not.
That will help gauge the odds of hitting next big resistance.

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Bình luận:

Another PIng

Broke resistance but ran smack dab into the next Green fib

Again, quite interesting that original the Green fib was a wave going up.
That is now two subsequent Pings and retractions from that fib series.
It makes sense in this way: on the wave up, there were buyers at each of those green fibs. But now some of those are selling at break even.

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Bình luận:

High Gravity zone here.

Looks to have captured price into orbit for now, and 15min.

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Zoom IN (3min)

Observations:
1) (red ??) unable to make the next red fib
2) (blue arrows) Green 3.764 asserting control.
3) (green arrow up) Looks likely to this green 3.618, sister fib of the 3.764.

And if/when it hits that 3.618, it has better bounce strong.
Loss of that 3.618 again would imply more orbiting or immediate pullback.

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