Automata Network (ATA) to $4.30

On the above 1-day dollar chart (left) price action is printing higher lows within an ascending triangle formation. On the ATA/BTC chart (right) multiple oscillators are showing bullish divergence with price action following a 55% correction. In fact there is currently 8 oscillators showing bullish divergence - amazing.

There is is no more resistance once price action passes target.

On the weekly USD (below) chart price action breaks out of a pennant formation with flagpole extension to $4.30 or 3.6x from current levels.

Is it possible price action falls? Sure.

Is it probable? Very unlikely.

Good luck.

WW

Weekly USD chart

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Kommentera:

Weekly reversal pattern that was mentioned in the SENSO educational idea is playing out for ATA perfectly. Be patient.

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