🔥 ATOM Short Term Channel Trade

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.