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SaeedSalehinia
Oct 31, 2023 6:25 PM

Cosmos (ATOM) Long

Cosmos / TetherKuCoin

Description

Cosmos is one of the pioneer and well known project in crypto market; no introduction needed. Technical wise, after a huge rise, ATOM been in correction phase until recently when ATOM broke the descending triangle as well as the downtrend line. Another point to notice is that Cosmos trading volume has increased significantly. Let's see what happens.

Comment



So, after ATOM broke the major downtrend line, it went up and now reached the upper line of a wedge-like pattern. It seems that ATOM is little left out from the altcoins upward phase. If ATOM break this line too, most probably ATOM joins altcoins forces. Let's see what happens.
Comments
rainmanhamid
Saeed what is short target before BTC correction?
SaeedSalehinia
@rainmanhamid, The short target could be that ATOM make an A-B-C pattern. Something like this might occur.
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