We are sitting on a value area low, we are close to the 0.618 Fibo and we seem to have established a low. Next, we are in the demand zone. When we compare with Atom, which is the daddy of the Cosmos ecosystem, we can see that this coin is stronger than Atom itself.
My assumption is that if we reclaim the 0.382 Fibo, we go for the monthly at the price of 0.3677, further to the POC, and then the monthly at the price of 0.5937 is in play. Then VAH, where we have a confluence with the supply zone. Here I would collect part of the profit.
My assumption is that if we reclaim the 0.382 Fibo, we go for the monthly at the price of 0.3677, further to the POC, and then the monthly at the price of 0.5937 is in play. Then VAH, where we have a confluence with the supply zone. Here I would collect part of the profit.
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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.