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jojofang0901

ATOM Ready for the next bullish move ?

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Cosmos (KRAKEN:ATOMUSD)  
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KRAKEN:ATOMUSD   Cosmos
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern


Hello traders:

Similar like Binance Coin price action, we see here on ATOMUSD is also in a larger consolidation correction, and could lead into the next bullish impulsive phrase.

We can see price has already made a strong move to the upside, and naturally we can expect a deeper continuation correction.

We see there are a few swing highs and lows, and nice price is at the top of the structure now.

Even though I am expecting the bullish move to continue, I will wait for either a confirm breakout from the price and LTF continuation
or
Price may make another corrective move down to the bottom of the structure and then the reversal up move.

Thank you
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