Atom did good on that 17.70 support a few hours ago. Today and Saturday its tested that support right at the bottom of the ichimoku cloud and the next few hours since that 8:00 pm hour to start the day has been green. Meaning I think them damn Asians done sold instead of hodled to start their Tuesday morning.
But all good. If it can refrain from going below the ichimoku cloud and closes the day above the 18.50 I see some resistance at 20.75 and maybe some support around 19.30 so getting above that is the goal for now. Need to go back above the ichimoku cloud especially with that getting thinner and the 20 day moving average on a downward trajectory towards the 100 day one. Drawing a line across the lows since mid February, its on an upward trajectory but not too sharp an angle of increase. February 15 low was around 14.75 and now its around 17.75 so about $3 in two months or $1.50 a month. Extending that trend line, the current bottom at ATH of 28.50 would be in December. Meaning that if the current trend continues that should be the lowest point at that time. Until it clears that 20.75 line, which is by end of June when it crosses my trend line so hopefully before that, then I don't know what the top could be. Of course any updates to the project may have a boost in price like the Osmosis dex release, liquidity pools, and all the other stuff going on. Just need that trend with the lows to continue. Might be a slow rise and some ranging in price for a bit but it'll all pass soon enough.