ATOM broke out of the downtrending channel and forming a rising wedge on the 4hr timeframe. Bearish RSI divergence in play as well.
Potential for a breakdown and retest of the channel.
Potential for a breakdown and retest of the channel.
Comment:
Rising wedge breakdown continues to play out. May sweep the lows near $25, which could be a spot to punt a long. ATOM has a habit of rising too quickly up the right side. Best to avoid those until they backfill