Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
✴️ Cosmos Potential For Recovery | $27 Possible On HH
Cosmos / Tether
Long
✴️ Cosmos Potential For Recovery | $27 Possible On HH
By AlanSantana
Follow
Follow
Dec 21, 2022
1
6
Dec 21, 2022
What do we have here?
Why recover and why now?
The potential for Cosmos (ATOMUSDT) to recover is shown by a repeating pattern as well as other signals that we will look at together.
Let's start with the high bearish volume in early November.
This is the US mid-term election / FTX crash / Uranus planetary transit 🤪...
This period had very strong volume, lots of bear pressure but ATOMUSDT remains trading within a higher low compared to mid-June 2022.
We can also appreciate the current price trading above the 0.786 Fib. retracement level.
As trading volume drops, there is possibility for the bullish trend to resume.
Higher lows can lead to higher highs.
This would set the next target at $27 but initially $15.5 would be the main resistance.
CAUTION
- There is still no bull/green volume.
- Prices remain trading below EMA10.
These are just early signals because nothing has been confirmed.
There is potential for a recovery here but it can continue dropping before the next jump.
Please keep that part in mind.
We are early as usual... Confirmation is yet to come.
Namaste.
altcoins
ATOM
ATOMUSDT
Chart Patterns
coinbase
cosmos
crypto
Cryptocurrency
Technical Indicators
Trend Analysis
AlanSantana
Follow
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com
(Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Also on:
Related publications
✴️Ethereum Classic Will Also Recover (222% Possible Higher high)
by AlanSantana
✴️ Litecoin Potential Bullish Pattern
by AlanSantana
✴️ Cardano Bollinger Bands | Risk/Reward 9.51
by AlanSantana
✴️ How To Trade Cryptocurrencies | It Is Very Hard... Is It Not?
by AlanSantana
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.