Atom is bearishIf we look at 4 hours and 1-day chart we have two opportunities. It can be bullish if it holds its value above 13.414 which seems impossible right now. The triangle pattern even if it's 4 hr or 1 day we see it bearish. Atom will accumulate its value between 8.46-9.6.
Atomprediction
ATOM Cosmos: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cosmos (ATOMUSD).
The chart is self-explanatory. Cosmos price is at the edge of an Arc Formation as well as around the 200D simple moving average. The RSI and MFI is at or near the support line. The last three daily candles look like Three Black Crows Pattern (bearish). Though price has potential to bounce back up, there is an upcoming red Ichimoku Cloud resistance as well as the overall crypto market downturn led by Bitcoin. If price falls below the 200 MA and outside the Arc Formation, expect a potential strong support at the multi-month support line.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Ichimoku Cloud, 200 day simple moving average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Cosmos Isn't it real now ?Hi i posted This chart on 30 april when it was here
Let's see how much more low it can go and respects this pattern formed.
Thanks
