ATOM/USDT Secondary trend. Right shoulder area.

Secondary trend. Time frame 1 week. Logarithm. Showing % of potential reversal zones depending on the overall situation in the crypto market.

Coinmarketcap: Cosmos

Line graph.

Local trend. Pivot zone. Time frame 1 day.

Main Trend Look at my previous idea published half a year ago by clicking on the "play" button on the price chart.

ATOM/USDT Main Trend. Channel. The important zone.

Comment:

+25% to the 16.54 zone. +50% from pivot level 11.216

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From the level of 16.604 (which became a reversal) the price fell by -32%. Now it has approached an important level-zone 11.216-9.729. If a breakout and consolidation under this zone is the final realization of the right shoulder of the "head and shoulders". Percentages and levels zones as before.

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the "right shoulder" price is pulled up to the downtrend of the secondary trend (red). The level reversal zones are shown by arrows and the maximum medium-term potential from them.

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From the pivot level of 8,429 +80%,
From the level of 11,216 about +35%

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Potential "Ross hook" if local support of 11,216 is further held. Local reversal zones of support/resistance levels are shown.

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Breakout of the local trend line and squeezing the price (by orders on both sides of the liquid exchanges in the required range) in a very narrow 5% range at the current 21-day (3 weeks) level of 11,216. With a high probability closer to April 12 there will be a decoupling.

Comment:

about +15% exit from the price squeeze. Local pullback. Protect profits. In the next few days there can be a lot of “news”, from their direction “noodles hanging” and will depend on the direction of the trend.

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The main trend. Time frame 1 week.

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