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Cosmos / TetherUS

ATOM/USDT Secondary trend. Right shoulder area.

By SpartaBTC
Updated
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.

snapshot

Local trend. Pivot zone. Time frame 1 day.

snapshot

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.
ATOM/USDT Main Trend. Channel. The important zone.
Comment
snapshot +25% to the 16.54 zone. +50% from pivot level 11.216
Comment
snapshot 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.
Comment
snapshot 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.
Comment
snapshot

From the pivot level of 8,429 +80%,
From the level of 11,216 about +35%
Comment
snapshot Potential "Ross hook" if local support of 11,216 is further held. Local reversal zones of support/resistance levels are shown.
Comment
snapshot 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
snapshot 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.
Comment
The main trend. Time frame 1 week.

snapshot
Comment
ATOM/USDT Secondary trend (part). Symmetrical triangle.
altcoinsATOMATOMUSDATOMUSDTcosmoscryptoCryptocurrencycryptotradingPivot PointsTrend Analysis
SpartaBTC
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