Tracking the expected wave outlook for the #ATOMUSD 🇺🇸 cryptocurrency in the 4-hour time frame
Potential reversal ⚡️
👈 After observing an upward wave formed in an impulse pattern, followed by a flat wave representing the corrective wave (2)/(B), the price is now moving within the range of wave C as a sub-wave of this downward wave. Based on this, we expect the following:
- Expected decline within wave C of wave (2)/(B).
- This downward wave may reach a 61.8% retracement, reinforcing the anticipated reversal. 〽️
- If the price reverses from this area, we may witness a subsequent rise.
⚠️ Breaking the level of 3.386 will invalidate this bullish scenario.