Technical analysis by gmichigan about Symbol ATOM on 9/9/2023

Identify Buying and Selling Zones: Buying Zone: In an uptrend, the buying zone is typically near the Fibonacci retracement levels, especially around the 38.2% and 50% levels. Traders look for bullish price action signals (like candlestick patterns or positive momentum) in these zones as potential entry points for long (buy) positions. Selling Zone: In a downtrend, the selling zone is usually near the Fibonacci retracement levels, particularly around the 38.2% and 50% levels. Traders seek bearish signals (such as bearish candlestick patterns or negative momentum) in these zones as potential entry points for short (sell) positions.