We would like to start with what is obvious, we see that Atom has stopped following the market and Bitcoin, as most cryptocurrencies do. For all the fall of Bitcoin from $25k to $19.5k (-22%), ATOM showed an increase from $12 to $13 and is now trading in the same range as it was 2 weeks ago when the entire market was growing. It is impossible to deny that ATOM goes strictly along the channel where each minimum is higher than the previous one, which is a very strong bullish sign. We believe that there is now a large accumulation of this coin. For long-term buying, We would wait for the exit from the channel down, the collecting of liquidity there and a sharp return to the top, and in this area you can make long-term buys.
Moreover, fundamentally, we are waiting for many interesting announcements:
• September 26-28 — a large-scale Cosmoverse conference, where they announce ATOM 2.0, a security update...
• September 28-29 - SmartCon LINK conference, where they will talk in more detail about staking and new tokenomics.
Conferences are always announcements + insiders that buy token.
What else did we forget to add?