Cosmos is staging a minor technical correction on Wednesday, after the popular cryptocurrency turned lower alongside the broader market. After coming under pressure towards the September price close, the ATOM / USD pair recently rallied to its highest trading level since September 21st.
Both short and medium-term technical analysis is currently showing that the...
5 waves down here we are about to hit a possible 1.618 wave 3 that doesn't mean it cannot go past 1.618. If we see support here not a bad idea for a play for a possible 50-80% depending on how the wave 4 retrace we get .
long near 1.618 area sell longterm. wait for confirmations
Fundamentally, it wouldnt be wrong to say that ATOM is parent of Binance. It is one of the least talked about top coin, just like LINK was before it moved exponentially.
For now, accumualte in the green box, with targets at 30-50-80% and stop on daily closing below 3.5.
Technically, this is our first week try to stay above the thickest channel's median gray which shows the highest support/resistance strength
According to the first 3 arcs and the breakout candle we still have to go higher up to $8.2
Current pattern might be the same arcs kind of cup-and-handle figure that if we'll see another breakthrough $7.2 candle we...
Ladies and gents we have a confirmed ascending triangle on a close above 5.20 today. We also have a virgin trend on our hands.
Entry: Buy as much as possible between 6.10 and 5.20
Target 1: 7.50
Target 2: 8.90 (ATH)
Add, cut, close at the ascending triangle measured move target of 7.50
Add, cut close on successful consecutive closes above ATH. (virgin...