ATOM is the best large cap crypto which outperformed almost other ones since mid June. However, the hype was not maintained, as with other cryptos in this bear market.
In 2D TF, the prices had broken the ascending channel and already lost 10% from the breaking point.
Volume indicators MFI and OBV had also broken their trendlines. Moreover, CMF crossed "0" with continously declining buy pressure.
In 2D TF, the prices had broken the ascending channel and already lost 10% from the breaking point.
Volume indicators MFI and OBV had also broken their trendlines. Moreover, CMF crossed "0" with continously declining buy pressure.
Comment:
BTC and the whole market are strong. Better close trade here and wait for a reactivation later.
Trade active:
BTC is weak although stock has risen.
Trade closed manually:
Trade closed waiting for better entry and condition.
