ATOM/USD Breaking out
Cosmos Blockjan with its native token ATOM is an exciting project with many exciting applications.
From a trading perspective, it looks like we are soon about to break up. For about a month, traders have accumulated ATOM, you can see the price has fluctuated between FIB 0.618-0.786.
Things that look bullish:
Stoch RSI looks to turn up on the 12 hour chart.
Bollinger bands crossing 50 MA upwards.
RSI is on the upside. [/ i]
Ichimoku lagging band is pointing up.
Targets:
If we get a daily close above $ 21.76 then your next goal for ATH is about $ 26 and after that I would have set it at $ 30-31 depending on today's price would give about 50-60% return.
Golden fib ratio of 1.618 target is $ 38.
From a trading perspective, it looks like we are soon about to break up. For about a month, traders have accumulated ATOM, you can see the price has fluctuated between FIB 0.618-0.786.
Things that look bullish:
Stoch RSI looks to turn up on the 12 hour chart.
Bollinger bands crossing 50 MA upwards.
RSI is on the upside. [/ i]
Ichimoku lagging band is pointing up.
Targets:
If we get a daily close above $ 21.76 then your next goal for ATH is about $ 26 and after that I would have set it at $ 30-31 depending on today's price would give about 50-60% return.
Golden fib ratio of 1.618 target is $ 38.
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