ATOM FORMING ANOTHER LOWER HIGH - BEARISH

As you can see ATOM #COSMOS is forming a new LOWER HIGH & RSI is in extreme overbought territory.

This is not how bull runs begin.

Almoust every other altcoin has same pattern, aswell as #BITCOIN. The market has to correct to get more fuel to rise higher.

Earnings season is estimated for TradFi to be bad compared to previous year. If SPX corrects, crypto will follow.

Fundamentaly ATOM is the strongest crypto project in our view, but macro view and TA makes us think we're ready for correction.

Maybe no new lows will be made, but due to extreme overbought levels in RSI price needs to correct a bit.