For over two years now, ATOM is trading inside a bullish channel. As of this week, we're seeing ATOM trading near the channel's support yet again. This area has caused a strong bounce in the past, so I'm expecting some kind of rally from here onward.
However, overall market outlook is not strong. So as long as BTC is struggling with capturing the $40k range, I'd be careful with alts.
In case of a bounce, I placed my targets at the current ATH and $75. Long-term trade.
Happy trading!
However, overall market outlook is not strong. So as long as BTC is struggling with capturing the $40k range, I'd be careful with alts.
In case of a bounce, I placed my targets at the current ATH and $75. Long-term trade.
Happy trading!
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