FieryTrading

🔥 ATOM Short Term Channel Trade

Long
BINANCE:ATOMUSDT   Cosmos / TetherUS
ATOM has seen some nice bullish price action as of late, obviously helped a great hand by Bitcoin .

Over the last couple of days, a channel pattern has emerged on this token's chart. This analysis assumes that ATOM will follow said pattern in the near term, meaning that ATOM will see a minor bearish move before continuing its path upwards.

Always keep an eye on BTC when trading alts, since they're all correlated to BTC .

Happy trading!
Comment: Pattern could also be seen as a megaphone. Strategy remains the same.
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Comments

Excellent breakdown, well done. 😉
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Have a similar view on this, Thanks.
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fantastic ;)
keep the good work!
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Strong support is there

thanks for sharing bro
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Quality always Matter 😍
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good bullish perspective on this one thx
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Thanks for your good insight. Keep up the good job mate ;)
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I would be buyingfrom this resistance
Well done!
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I have similar expectations here bro!
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