Descending Triangle on ATOMBTC - Price Can Break Soon!

We need to be really careful here on ATOM/BTC. A very clear descending triangle is forming here, giving us very bearish signals.

The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through the support zone , and will create a sharp drop in price.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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