ATLAS is consolidating in a bull flag below strong descending resistance. More times than not, this leads to expansion through resistance on increasing volume.
You do NOT buy this here if you are looking for a trade. You wait until a clear break of both the small flag and the blue descending line on increasing volume.
Areas of likely support and resistance are marked as lines and zones, and can be used as targets and entries, as always.
ATLAS is one of the most ambitious play to earn gaming and metaverse projects in existence, and one that I invested in from the beginning and have never sold. I have ridden it all of the way down, because I believe in the long term potential. This is likely a multi year hold for me, and I am not trading it.
You do NOT buy this here if you are looking for a trade. You wait until a clear break of both the small flag and the blue descending line on increasing volume.
Areas of likely support and resistance are marked as lines and zones, and can be used as targets and entries, as always.
ATLAS is one of the most ambitious play to earn gaming and metaverse projects in existence, and one that I invested in from the beginning and have never sold. I have ridden it all of the way down, because I believe in the long term potential. This is likely a multi year hold for me, and I am not trading it.
scott.melker@texaswestcapital.com