ATOM/BTC TA Update (Bearish Pattern and RSI?)
ATOM/BTC
ATOM is on a bearish pattern, bearish RSI and currently right at the strongest resistance the 0.618 Fib. It is no longer safe to play the Long position at this stage especially since the price is already approaching the apex of the pattern which typically ready for breakout or reversal. If you are going to play Long, make sure you have tight stop-loss to prevent from massive drop if the Whales decided to reverse the market direction.
ATOM is on a bearish pattern, bearish RSI and currently right at the strongest resistance the 0.618 Fib. It is no longer safe to play the Long position at this stage especially since the price is already approaching the apex of the pattern which typically ready for breakout or reversal. If you are going to play Long, make sure you have tight stop-loss to prevent from massive drop if the Whales decided to reverse the market direction.
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