I see a long term uptrend on atom, but an ascending wedge that looks pretty bearish. I'm read to short atom around 17 down to 13ish. Watch for the pattern breakout to the downside, or otherwise long term trendline for an upswing.
To me btc and eth look actually bullish in a nearterm so that's the major risk is that the correlation may swing this up but this looks like a good short.
To me btc and eth look actually bullish in a nearterm so that's the major risk is that the correlation may swing this up but this looks like a good short.
Note
Okay exit short here. This looks like it'll break hard but can't predict.Disclaimer
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.