📉 ATOM consolidation continues - the market awaits the breakout 🌀
On the daily chart, corn shows signs of decreasing volatility and hesitation.
🔹 The Bollinger Bands are narrowing, which usually signals a sharp movement. The price is hovering near the middle band ( the simple moving average 20), indicating a neutral trend.
🔹The MACD indicator gives a slight bullish signal, with the MACD line slightly above the signal line - but the momentum is still weak.
The Relative Strength Index (14) is settling at 49.26, in the neutral zone. This indicates a lack of clear selling or buying pressure.
🔍 What does this mean? The market is in a state of anticipation and waiting. Watch for a breakout of the current range between $4.00 and $4.50 - a close above these levels could determine the next major move.
📌Monitor the key support/resistance areas - volatility may erupt at any moment.
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📉 ATOM consolidation continues - the market awaits the breakout 🌀
On the daily chart, corn shows signs of decreasing volatility and hesitation.
🔹 The Bollinger Bands are narrowing, which usually signals a sharp movement. The price is hovering near the middle band ( the simple moving average 20), indicating a neutral trend.
🔹The MACD indicator gives a slight bullish signal, with the MACD line slightly above the signal line - but the momentum is still weak.
The Relative Strength Index (14) is settling at 49.26, in the neutral zone. This indicates a lack of clear selling or buying pressure.
🔍 What does this mean? The market is in a state of anticipation and waiting. Watch for a breakout of the current range between $4.00 and $4.50 - a close above these levels could determine the next major move.
📌Monitor the key support/resistance areas - volatility may erupt at any moment.