#ATOMUSD - A 20% Short or Resistance Too Strong?

theCrypster -

This ranging wedge formation has a clear level of support/resistance running through the middle of it; we've just received a Sell signal from CTv2 after a rejection on the upper edge.

Are we going to see a huge 20% Short coming off here all the way to the lower support edges, or will this SR band prove to be too strong?

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Kommentera:

We travelled back up to the trend line for a quick rejection - are we now descending??

What do you think?

Kommentera:

Got a good decline in price to earn some healthy profits with this Short.

We're now sat on support, can we break to the downside and reach that lower trend line?

Kommentera:

#ATOM Broke through that layer of support and almost hit the lower trend line before ascending back up through the SR level.

Are we going to see a Buy signal from CTv2 soon?