ATOMBTC looks bearish (57 % dump likely)

BINANCE:ATOMBTC   Cosmos / Bitcoin
ATOMBTC has been in a very well-defined downtrend from January 2022.
A temporary horizontal support has held , however the price remains under downsloping resistance and overall the structure is very bearish as it's been creating only lower highs and lower lows.
We expect downtrend to continue for a while therefore 57 % dump is likely for ATOMBTC. After that it makes sense to flip bullish on this pair.

In August 2022 we published analysis where we expect a huge drop for a whole crypto market:

So far, this idea is playing out as expected and we believe that the final capitulation is coming which would trigger a 50%+ dump on ATOMBTC as well.

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