Cosmos(ATOM): Trend is Bullish For Now!
Cosmos caught our attention with a nice bounce after toching that trend and 100EMA line. If we hold this kind of movement here, then we will see potential further movement to higher zones and steady bullish growth here with higher highs and lower highs.
Again, if we see a weakness near a trend and a price to break it, then we will most likely see a sharp movement to lower zones!
Swallow Team
Again, if we see a weakness near a trend and a price to break it, then we will most likely see a sharp movement to lower zones!
Swallow Team
Comment:
Since last time, we have had a nice bounce from 100EMA, which has been holding strong as of now.
We are looking here for some further movement to form a new higher high zone from where we will be looking for a correctional movement. We are not going to long this one until the next top as we might still see a fakeout!!
We are looking here for some further movement to form a new higher high zone from where we will be looking for a correctional movement. We are not going to long this one until the next top as we might still see a fakeout!!
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We are left here with two potential movements where both start from re-testing that same trend, so for now we wait for it to be touched, and from there we will decide further.