Invezz

Is it too late to buy Atom on Tuesday?

Is it too late to buy Atom on Tuesday?
Ansh Rathod
Oct 26, 2021, 10:11 AM
  • The breakout on Tuesday was also indicated by the bullish RSI divergence formed earlier this week.
  • If Atom can continue with the same momentum it has shown on Tuesday a new all time can be hit very soon.
  • Investors can take long entries once a small pullback is seen.

Atom (ATOM/USD) was up over 10% on Tuesday and has given a breakout after a month of consolidating, Atom is looking very strong for the coming weeks and it could also hit a new all-time high soon. However, is it too late to enter on Tuesday after the 10% spike?

The charts for October-

Is it too late to enter on Tuesday?

Conclusion

After a strong breakout on Tuesday, a huge move can be expected and investors can take long entries once a small pullback is seen with targets above the all-time high.