$ATOM Price Trend Analysis:
Long-term technical analysis of reveals that its price is moving inside channels. Previously, the price action had formed a bullish price channel spanning more than 2 months.
The price was moving upwards in that channel. However, ATOM's price broke this bullish channel at the start of this month.
After that, #ATOM bullish trend was abolished.
Again after the trading of three weeks, the coin price has established a BEARISH PRICE CHANNEL. The price is continuing its downward trajectory within a specific span.
This identification of price channel offers decent trading opportunities in the crypto coin. You can sell the coin near the upper line of the price channel and buy it back when the price reaches the lower boundary of the price channel.
Only a single trade in this channel can offer you a return of around 15%.
Never forget to place stop loss outside the channel boundary.
