ATOM/USDT Secondary trend. Medium-term work. Important zone

Main trend—is in a pronounced uptrend (uptrend channel with a large % step).
Secondary trend—a pronounced downtrend (purple), the last wave inside the channel.
At this point there is an important zone, on which the further price direction trend depends. Everything is shown very accurately (potentially accurately), as in the previous trading idea for this trading pair. ATOM / USD Main trend. A cup. Triangle. 18

This coin on the coinmarketcap: Cosmos

Schematically shown on the chart.
The formation of a large bullish triangle (the final part) in case of a breakdown of the downtrend (+70% to resistance) and then in case of its breakdown of resistance and the breakout (could also go down from resistance—then it would be a triple top) to the fantastic channel targets. The targets to the main zones were shown on the chart.

After all the “tambourine songs” at or near the top of this uptrend—a break-down. Formation of a big “Head and Shoulders”. Targets on the major zones shown on the chart.

Main Trend.
ATOM/USDT Main Trend. Channel. The important zone.

Large scale trading situation now.

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Comment:

Breakout of the current dynamic support of the uptrend (green line, ascending channel) and the support level zone 26.21 If the price will consolidate below this level—work on the short. If there will be a return of the price and a breakthrough of the descending secondary trend 9 purple) and fixation of the price above it—work on a long. The main objectives are indicated. Remember, from the main accumulation the price is now more than +1000%.

Comment:

this is how this breakout looks like on the 1 day timeframe

Comment:

-67% from the pivot level of 26.21, the target of -56% to the level of 11.22 has been reached.

Comment:

Situation 3 weeks after reaching short targets -67% (13)