Created
Aug 27, 2024 9:36 PM
Tags
analysiscosmos
Token
ATOM
Topic
Chart Analysis
Date
ATOM was rejected exactly at our entry line. As a result, it retraced and fell back into the downtrend channel. Not surprising considering the length of the downtrend.
Therefore, the strategy remains the same:
- Wait for a breakout out of the downtrend channel
- Wait for a break of the $5.4 resistance + confirmation