ATOMUSDT, what's up ?

The first stop failed after the double top. We logically revisited the "long" reaload zone then retested the "short" reload zone, in which we got killed. It doesn't look good.
We are back in the high RLZ of the last movement. The liquidity has been sucked up on this level. We also notice that the MA200 is supporting this level.

If this level holds, we should :

- First try to validate the small bullish structure in 4h (to be confirmed by passing the "need a break #1" line),
- Then break the bearish trendline (the pink dotted line).
- Then, try to break the "need a break #2" line and validate a nice bullish structure which would be a sign of a sufficient trend reversal to hope to make a new ATH.

The MA9/MA18 bias is bearish. The EMA9/MA30 bias is also bearish.
We are below the MA50 and MA100 and the VWAP yearly (which is only one month old anyway).

The MACD looks like it is going to make a W. Be careful though, it's the weekend, people are hysterical. Volatility is high. OBV is dying in weekly. In Daily, it has just broken the December uptrend. Loss of buying volume.
William is entering an oversold zone.

Personally, I stay out of this chart. There is a better chance of going lower.
Trend Analysis

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