UPDATE: $ATOM
$ATOM is trading around 1.281 and pressing right into the lower support of a long term descending channel that's been in play since the December highs near 2.68. Price just broke sharply below 1.36, and this test of the channel floor near 1.25 to 1.28 is a critical decision point on the daily chart.
Holding this zone and reclaiming 1.36 to 1.42 opens the door back toward 1.48 and 1.54 next. Losing 1.25 breaks the channel to the downside and exposes fresh lows below.
#FutureTarding
$ATOM is trading around 1.281 and pressing right into the lower support of a long term descending channel that's been in play since the December highs near 2.68. Price just broke sharply below 1.36, and this test of the channel floor near 1.25 to 1.28 is a critical decision point on the daily chart.
Holding this zone and reclaiming 1.36 to 1.42 opens the door back toward 1.48 and 1.54 next. Losing 1.25 breaks the channel to the downside and exposes fresh lows below.
#FutureTarding