ATOMUSD: Holding 21-week SMA After Completion of Bullish Shark
ATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards.
The Shark pattern here is admittedly controversial given the fact the C leg is an equal high to the A leg rather than being a higher high, but I think it is something that this pattern could maybe get away with.
The Shark pattern here is admittedly controversial given the fact the C leg is an equal high to the A leg rather than being a higher high, but I think it is something that this pattern could maybe get away with.