🔥 ATOM Rising Wedge Bullish Break Out Soon

29 בינו׳ 2023

Over the last two weeks or so, ATOM has been slightly trading upwards, forming a rising wedge in the process. Rising wedges are classically bearish reversal patterns, but since the market is most definitely bullish, I'm not looking for a bearish entry, but for a bullish one instead.

A patient trader will wait for a confirmed break out through the top resistance of the pattern.

Decided to keep the targets close since it's a bearish pattern, after all. See blue lines.