“We believe that this is the best technology that we can build on. It can process more transactions and latency is way lower.”9 – 15 January. But the support was resisted at $12.12 and was since unable to replicate the form. However, indications from the Directional Movement Index suggested that there could be a price rundown.
This inference was because the positive DMI trended downwards even though it was at 26.70. On the other hand, the negative DMI was 14.20.However, the -DMI had begun an upward movement since 23 January. It also had the support of the Average Directional Index . At the time of writing, the ADX was extremely high at 43.13. Hence, ATOM could pull back further if these trends continue in the same direction.
Additionally, the exceptional Oscillator swung between red and green bars. Although there was a bullish twin peak in play, the inconsistency in reds and greens was not enough to confirm a bullish crossover.Subscribe to get it daily in your inbox.