$ATOM outlook - 17.02.22

17 בפבר׳ 2022

Analysis

• The correction on the LTFs is almost over, expecting a new wave up. If we take a look at the 4H RSI, we have a bullish a strong bullish divergence.
  
• The drop correction will likely end at the red line, that makes a decent retracement already, but have two other fib retracement levels(white lines) as potential support for a relatively good reversal
  
• Will wait for wave 1 and 2 to fully develop after which I can come up with the remaining 3 waves.
  

Trade safe, due diligence is advised!

atomusdt