FieryTrading

🔥 ATOM Short Term Channel Trade

Long
FieryTrading Aktualisiert   
BINANCE:ATOMUSDT   Cosmos / TetherUS
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!
Kommentar:
Pattern could also be seen as a megaphone. Strategy remains the same.

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