ATOM/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 38.009, 38.990, 40.372.
Key Support Levels: 36.098, 34.671, 34.107.
The price on the higher time frame found support around the 36.167 USDT mark where long wicks to the downside has been left. This shows that the market is about to be controlled by the bulls and this could lead to a move higher in the coming hours.
ATOM/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the market succeeded to break the bullish flag to the upside after finding buyers around the 61.80% Fibonacci level. We could see a lower correction before a new impulsive wave toward the target profits.
Buy Limit Order @ 35.802
TP 1 @ 37.818
TP 2 @ 38.990
Stop Loss @ 34.797
Trade Safely 🙂