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BillCharison
Sep 7, 2019 12:15 PM

$ATOM, Buy Volumes, Convergence - Trend Reversal. Long

Cosmos / BitcoinBinance

Description

The price of this coin has just broken through the descending resistance (now support) due to the bullish convergence. The chart looks like a trend-reversal, because we can see strong bulls. How to enter the trade? We have to see a re-test of the support level (orange rectangle), you can place buy orders on the bottom and in the middle of the one. Targets (resistances) were mentioned on the chart, as well.
Comments
nginx
Volume isn't quite there but it's playing out just the way you predicted. Not sure it's gonna continue though with such low volume.
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