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ATOM — Back In The Downtrend Channel And Recharging

ATOM — Back In The Downtrend Channel And Recharging

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
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