Upcoming explosion for currency $ATM ? A chance that may not be repeated!
Key technical signals:
The moving average MA-10 supports the price from below (around $1.46), which enhances the positive outlook.
Relative Strength Index RSI = 57.8: in the neutral zone, meaning there is additional upward space before saturation.
Bollinger Bands have started to narrow, which could be a signal of an upcoming price explosion.
The MACD indicator shows a slight positive crossover (DIF above DEA), indicating the possibility of a new upward wave starting.
Suggested entry areas:
First entry: $1.53 – $1.56 (current price)
Additional entry: $1.46 (10-period moving average support)
Targets (TP):
First target: $1.73 (highest price in 24 hours)
Second target: $1.91 (previous candle peak)
Third target: $2.16 (previous maximum ascent)
Stop Loss (SL):
Below the strong support area at $1.40
Do you see that ATM is preparing for a new rally towards $2.16 or will it settle for this correction? Share your analysis!