ATOM confirms larger structure to solidify trend reversal
Cosmos (ATOM) has been trending down since peaking in December 2019.
After sliding into the RLZ and trading around the .786 on bullish MACD divergence. Price has now confirmed a smaller and this week a much larger bullish market structure to confirm a trend reversal.
Dips in the event of Bitcoin volatility should be considered buying opportunities until further notice.
Watch for price to trade up into the Gann 50/50 level later this month and potentially much higher, pending market conditions throughout the summer.
After sliding into the RLZ and trading around the .786 on bullish MACD divergence. Price has now confirmed a smaller and this week a much larger bullish market structure to confirm a trend reversal.
Dips in the event of Bitcoin volatility should be considered buying opportunities until further notice.
Watch for price to trade up into the Gann 50/50 level later this month and potentially much higher, pending market conditions throughout the summer.