ATOMUSDT - WEEKLY ANALYSIS (IS BOMB OUT OF ITS SHELL?)
ATOMUSDT Hello fellows, Today we will discuss COSMOS in our Weekly Analysis.
Let start from the previous week, As the price printed 44.8 its ATH on 20 Sep 2021 strat retracing and reached 20.0. As we can see it took support from its ascending trendline and closed above 0.61% fib level support level. But once the previous week strat bulls react aggressively and fuel up their momentum and close that weekly candle with a 60% gain.
Meanwhile, the Bulls broke the 21 EMA and reclaim their power after almost 13 straight weeks of bear's dominance.
Now, what next?
Bears start this week by showing some resistance and they pull the price down towards 25 level but the bulls roared again and push the price upward.
During this tug of war, the STOCH RSI stretch its muscles and come out from oversold condition and now pointing towards the sky.
So We are expecting that in the coming session price could be reached at the ATH or even break it and Print a new ATH. Buy on Dips will be a wise strategy for the coming weeks.
We will keep you updated about the development in a shorter timeframe.
Please support the stuff if you like it. Good Luck!
Let start from the previous week, As the price printed 44.8 its ATH on 20 Sep 2021 strat retracing and reached 20.0. As we can see it took support from its ascending trendline and closed above 0.61% fib level support level. But once the previous week strat bulls react aggressively and fuel up their momentum and close that weekly candle with a 60% gain.
Meanwhile, the Bulls broke the 21 EMA and reclaim their power after almost 13 straight weeks of bear's dominance.
Now, what next?
Bears start this week by showing some resistance and they pull the price down towards 25 level but the bulls roared again and push the price upward.
During this tug of war, the STOCH RSI stretch its muscles and come out from oversold condition and now pointing towards the sky.
So We are expecting that in the coming session price could be reached at the ATH or even break it and Print a new ATH. Buy on Dips will be a wise strategy for the coming weeks.
We will keep you updated about the development in a shorter timeframe.
Please support the stuff if you like it. Good Luck!
Bravo!!