Cosmos (ATOM) technical analysis

ATOM is moving down in a channel. Price once again reached the channel's upper line, we have to see if the line breaks. If successful, other confirmation such as an increase in buy volume or higher low will lower the risk. There is a somewhat downtrend resistance which will be where the price's target if goes up. There is, also, an uptrend dotted line which price will probably react to it as it goes up.