Automata Network (ATA) - Bullish divergence

On the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including:

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence.

3) What was said above is also true for the ATA-BTC pair.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6%
Timeframe for long: days
Return: Will say elsewhere

Trade aktif:

Past resistance confirms support.


Daily

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