It's currently a very bad idea to rely on charts to predict the bottom or guess which direction the market is going to take. Macro is driving everything: probable war in Ukraine, Fed rates... However, charts do tell a story.
Over a long time frame, crypto is super mega bullish, but in the next weeks/months, there is a high probability of
BTCUSD
dropping further, taking out weak alts with them.
Many alts are going to lose 90% of their value.
ATOMUSD
isn't one of them. It showed extreme resistance and did even grow significantly while everything was crashing. This is because the ATOM ecosystem is growing and showing a lot of potential.
If you look at the EMA the trend is clear. I slightly adjusted the lines from my previous analysis.
You can either buy now, or wait for it to drop a bit (which it will probably do in the next weeks), and then HODL for months and enjoy great returns. If you own
ATOMUSD
already selling now is IMHO a mistake.
DYOR.
Over a long time frame, crypto is super mega bullish, but in the next weeks/months, there is a high probability of
BTCUSD
dropping further, taking out weak alts with them. Many alts are going to lose 90% of their value.
ATOMUSD
isn't one of them. It showed extreme resistance and did even grow significantly while everything was crashing. This is because the ATOM ecosystem is growing and showing a lot of potential. If you look at the EMA the trend is clear. I slightly adjusted the lines from my previous analysis.
You can either buy now, or wait for it to drop a bit (which it will probably do in the next weeks), and then HODL for months and enjoy great returns. If you own
ATOMUSD
already selling now is IMHO a mistake. DYOR.
