ATOM has seen some nice bullish price action as of late, obviously helped a great hand by Bitcoin.
Over the last couple of days, a channel pattern has emerged on this token's chart. This analysis assumes that ATOM will follow said pattern in the near term, meaning that ATOM will see a minor bearish move before continuing its path upwards.
Always keep an eye on BTC when trading alts, since they're all correlated to BTC.
Happy trading!
Over the last couple of days, a channel pattern has emerged on this token's chart. This analysis assumes that ATOM will follow said pattern in the near term, meaning that ATOM will see a minor bearish move before continuing its path upwards.
Always keep an eye on BTC when trading alts, since they're all correlated to BTC.
Happy trading!
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Pattern could also be seen as a megaphone. Strategy remains the same.
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