ATOM 1D Correction is over, is it time to grow?

The last time we published an idea for ATOMUSDT was 6 months ago.
In this idea, we wrote about the target of $31.50 and then at least 50% fall to $15

In fact, we received $32.32 and then dropped by 76% to $7.83

Nevertheless, ATOMUSD keeps the price in the growth channel, which we drew in the previous idea. The ATOM price has been moving and growing by the channel since March 2020.

Now looks like that the price of ATOMUSDT wants to grow, confirmation of the strength of buyers will be rising and consolidate above $15.5. In this case, the growth can achieve to the $19.60-23.70 zone, and you can safely focus on the higher goal.

The chart will signal the weakness of buyers, and, accordingly, the continuation of the downward fall if the ATOMUSD price fixes below $10. In this case, you will need to think about what to place buy orders from the levels of $6 and $4.40.
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Trade closed: target reached