ðĨ ATOM Massive Channel: Ideal Reversal Point Soon
ATOM has been trading inside this massive bullish channel since the Corona sell-off early in 2020.
With the crypto markets turning more bearish by the day, there's a decent chance that ATOM will reach the area around the channel's support in the coming days/week. See yellow area.
This area would be ideal for a potential reversal trade with a high expected return. However, keep a close eye on Bitcoin. As long as BTC is bearish, expect ATOM's price to fall right through the channel.
Happy trading!
With the crypto markets turning more bearish by the day, there's a decent chance that ATOM will reach the area around the channel's support in the coming days/week. See yellow area.
This area would be ideal for a potential reversal trade with a high expected return. However, keep a close eye on Bitcoin. As long as BTC is bearish, expect ATOM's price to fall right through the channel.
Happy trading!
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