ATOM/USDT RANGEBOUND! ACCUMULATION OR DISTRIBUTION?
Hello my beauties.
It seems to me that ATOM/USDT has reached a rangebound condition.
We will wait for further development of price action, but the ST (second test) after the AR (automatic reaction) was pretty strong. This normally indicates a phase of reaccumulation, but it is too early to tell.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
It seems to me that ATOM/USDT has reached a rangebound condition.
We will wait for further development of price action, but the ST (second test) after the AR (automatic reaction) was pretty strong. This normally indicates a phase of reaccumulation, but it is too early to tell.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
