✴️ Cosmos | How High Can It Go? ($117 New All-Time High)Cosmos (ATOMUSDT) is now in a bullish phase; a new bull cycle/bull-market after a "long-term higher low." This higher low took place October 2023 compared to June 2022 when ATOMUSDT hit its bear-market bottom.
Bull-market potential is active now based on technical analysis because ATOMUSDT is moving weekly above EMA100 (to the upside —blue line on the chart); this is the first time ever this happens.
A pair trading above EMA100 it is said that it has confirmed its long-term potential for growth.
We have multiple targets on the way up, we look at them all starting for those easy/fast, to those long-term:
1) Between 22-23 is easy for ATOM and can happen within weeks.
2) ~35 Is the next major target and can also happen short-term (within 30 days).
3) Levels such as 50-56 are new high territory and for us count as long-term. Long-term can be between 3-6 months.
4) A new All-Time High can happen starting at 77 and finally 117 and this is Long long-term, meaning six months plus (6+).
There you have it.
I hope you enjoyed this chart.
Namaste.
