Hello Traders!

After long price distribution in the range of $22.00 – $44.00 ATOM passed to the falling phase.

In case of continuation of descending dynamics of market movement it is possible to expect the further movement of price of assets to the following levels of support.

For medium-term purchases at the moment there are no comfortable prices. It is better to begin the set of assets after decrease in the price to a zone of interest of buyers $4.50 – $6.35. It is best to place buy orders near the support level of $4.50, it can be price values of $4.20 – $5.00.

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice