Cosmos
Updated

Is ATOM forming a cup?

1 026
See my previous idea for SOL, posted that a few weeks before it started flying, now I'm possibly seeing a cup being formed on ATOM, still needs more candles, but has the makings of one.

One for the watch list
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So far, so good
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Rim of cup is around $7.50 area, there should then be a drop to start forming the handle.
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The eventual technical target is around $9, it can go higher, it can stop short
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It doesn't look like ATOM wants to stop and form what should be a handle right now.
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Handle printing now, $7,587 support, hoping it still goes a little lower for a better entry, $7.2 $7,3. Low leverage if you're trading it
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4hr chart is in a HnS, technical target is around $8,697, I'll be watching for a long around there, it's also CPI day in America 14.11.2023
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Technical target hit

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