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ATOM - Wait For Trigger

ATOM needs to touch the upper resistance once more to confirm the bearish channel. From there we will be waiting on a bullish 4hr candle to close above the trend line to trigger a breakout which will make for a great buying opportunity. If ATOM breaks the upper trend line, then we should see a push towards $16. Until then, ATOM continues to be bearish and has support between $10 and $12.
Trend AnalysisTrend Lines

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