ATOM//USDT : Breaking out of the trendline
ATOMUSDTHello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#ATOM is breaking above the current bearish trendline and it's the 4th attempt to breakout.
Based on 5th breakout rule, There's a possible chance for bears to decline the breakout confirmation....
So you have to for a candle clos above the trendline before any taking position !
- Also there's a sideway channel formed on LTF's charts which is #ATOM is trying to break above it too.
EMA150 is supporting the channel's lower, So the bias is bullish currently and after the breakout confirmation, #ATOM have the potential to reach the last high just like #SOL.
🔴 Invalidation will be a breakdown below the sideway channel !
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Helical_Trades
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