Get started
SwallowPremium

Cosmos (ATOM): Another Rejection From 200EMA

Short
ATOMUSDT Perpetual Contract (BYBIT:ATOMUSDT.P)  
SwallowPremium Updated   
BYBIT:ATOMUSDT.P   ATOMUSDT Perpetual Contract
Trend Analysis Chart Patterns Harmonic Patterns
6
0
trendanalysis chartpattern harmonicpatterns
Cosmos has had another rejection from 200EMA where the price is now possibly going towards the lower support zone.

As we had another rejection / fakeout, we think that price will bounce from one side to another until it is pressured from both sides (end of triangle formation).

Swallow Team
Comment:
snapshot
Cosmos has had a nice 6% market price movement after another rejection from 200EMA.

As price is still looking for a target, we are most likely going to trade in between those lines of lower support and the upper 200EMA.
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades

Join our amazing team and be part of something bigger.
FREE: t.me/SwallowCryptoTeam
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.