ATOM at an interesting level Long

Cosmos / BitcoinBinance

Description

⋅ Apr 15, 2021 6:38 AM

- Broke through trendline on good volume
- Entered a resistance zone, currently turning support
- MACD curling away

I would set a Stop Loss below the trendline and the if we turn this zone into support, we could easily see it run towards the most previous high without much resistance.

How do you feel about Cosmos at the moment?

Comments

LinasDirba

⋅ Apr 16, 2021 8:40 AM

Today it looks like a bullish pennant?

Coinathlon

⋅ Apr 16, 2021 5:29 PM

@LinasDirba, You are correct. It has just missed our stop loss zone so I expect a move to go up at this point. Exciting!

InkyGrip

⋅ Apr 15, 2021 8:03 AM

I like your idea! 🦐

Coinathlon

⋅ Apr 15, 2021 1:59 PM

@plancton0618, thanks sir, have a good one