ATOM (COSMOS) Cup and possible Handle forming on the weekly.
We see a classic cup pattern forming for ATOM after a very nice consolidation over the last few months. However we must wait to see how the handle or lack of handle resolves. Wait for the initial dip after the right side has completed to confirm. If a handle does form you will want to look for buy ins at the initial dip where the arrow is located.
The "cup without handle" also called a "cup-shaped base" or simply a "cup" Is the same pattern but lacking a handle. This is the same pattern with a key difference on the buy in point. You can fairly accurately estimate the buy in point by adding 0.10 cents to the peak on the left side (the last area of resistance). Be patient wait for targets and you will almost always come out ahead.
Let me know your thoughts and thank you!
The "cup without handle" also called a "cup-shaped base" or simply a "cup" Is the same pattern but lacking a handle. This is the same pattern with a key difference on the buy in point. You can fairly accurately estimate the buy in point by adding 0.10 cents to the peak on the left side (the last area of resistance). Be patient wait for targets and you will almost always come out ahead.
Let me know your thoughts and thank you!
Comment:
www.tradingview.com/chart/Vh6p8d0E/
Trade closed: target reached