ATOM's Next Move?

29 Eyl 2022

ATOM has been consolidating within a parallel channel ever since it had its major break-out. We have seen two tests of the upper trendline (resistance), and we're currently seeing a third retest of the bottom trendline (support). Its important that BTC continues its bullish momentum which will allow ATOM to complete its next move up. I would recommend that you use a stop-loss below the local bottom since the markets have been rather unpredictable and we cannot overlook the possibility of a potential breakdown.