Analysts: The upward trend could push Atrium back to $ 4,000



Despite the impact of macroeconomic factors that mainly lower the price of digital currencies, some analysts believe that the price of the Atrium could reach $ 4,000 with the reverse model.

According to the Kevin Telegraph, global and macroeconomic concerns have caused financial markets to fluctuate. These concerns range from rising inflation in the United States to the possibility of a Russian invasion of Ukraine.

However, the trend in the digital currency market on February 15 (February 16) surprisingly changed direction and became positive. This happened when bitcoin exceeded the price of 44,500 dollars and Atrium managed to regain the support of 3,100 dollars.

At the start of trading today, Atrium first reached a daily low of $ 2,826 and then rose 11.4 percent to a daily high of $ 3,148.

Analysts: The upward trend could push Atrium back to $ 4,000
Four-hour chart of Atrium prices in dollars

Next, we’ll first look at some retailers’ views on changes in Atrium prices in recent days, and then explain what we need to look out for in the coming weeks.

The atrium has strong resistance

Michael van de Pope, a trader and expert on the digital currency market, explains that there is strong resistance to the atrium. In the diagram below, he outlines the important area of ​​resistance and support of the atrium.

Analysts: The upward trend could push Atrium back to $ 4,000
Daily chart of Atrium prices in dollars

Van Depp wrote on Twitter:

Atrium, just like Bitcoin, failed to break through its volatility and heavy resistance zone. Therefore, in the chart of this digital currency for the last week is recorded a descending and red candle. Given the uncertainty in the market for next week, not only do I not think Atrium can break through its resistance, but I expect the price to continue to fall.

Probability of reverse model of head and shoulders

An analyst nicknamed Phoneix offers a more positive outlook for Atrium and, by posting the chart below, shows one of the possible price directions.

Analysts: The upward trend could push Atrium back to $ 4,000
Four-hour chart of Atrium prices in dollars

As can be seen from the image above, Phoenix expects the price of this digital currency to return above 4,000, while the Soroshaneh model ended up in the four-hour view of the Atrium market.

He wrote on his Twitter, referring to the image above:

We will see such fluctuations in the price of the Atrium; do you agree?

Atrium and Bitcoin daily charts are similar

Glenn Goodman, co-author of The Crypto Trader, looks at Atrium’s long-term pricing structure. He compared the head and shoulder patterns in the Bitcoin and Atrium charts, posting the images below, explaining that both digital currencies are “nearing completion.”

Analysts: The upward trend could push Atrium back to $ 4,000
Daily chart of Atrium and Bitcoin prices in dollars

Goodman said:

There are some concerns about these graphs. The first point is that these models are slightly distorted and incorrect. The second point is the concerns about Ukraine. Wars tend to ruin good models.

Analysts’ publication: The uptrend could bring Atrium back to $ 4,000 first appeared in Digital Currency.

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