https://www.tradingview.com/x/Gp1cGXQN/
#ATOM #COSMOS
ATOM PA is Pretty Bearish However It is trading at the equilibrium price of STH and STL so if it loses the equilibrium price of 8.65 as Support then next level of Interest is December 22 low 8.44$ these levels are good for Short Term bounce but need Strength in the market which is missing at the moment.
For the Long-term accumulation point of view i am not interested in the above mentioned Prices as Atom has Very Bright chances of testing 2021 open/ 2022 Lows (6.46 - 5.55$) which will be tested Eventually when BTC Retraces Towards sub 20k CME Gap fill most probably during 4th quarter in 2023 ( worst case Scenario is wicks towards 2020 Open 4.1$ which is not likely at the Moment)
Accumulation Zone 1 - 6.46 -5.55
Accumulation Zone 2 - 4.1 -4.5$ ( Non popular price)
Targets - 2x - 3x - 5x - 8x - 10x
@cryptosignals
#ATOM #COSMOS
ATOM PA is Pretty Bearish However It is trading at the equilibrium price of STH and STL so if it loses the equilibrium price of 8.65 as Support then next level of Interest is December 22 low 8.44$ these levels are good for Short Term bounce but need Strength in the market which is missing at the moment.
For the Long-term accumulation point of view i am not interested in the above mentioned Prices as Atom has Very Bright chances of testing 2021 open/ 2022 Lows (6.46 - 5.55$) which will be tested Eventually when BTC Retraces Towards sub 20k CME Gap fill most probably during 4th quarter in 2023 ( worst case Scenario is wicks towards 2020 Open 4.1$ which is not likely at the Moment)
Accumulation Zone 1 - 6.46 -5.55
Accumulation Zone 2 - 4.1 -4.5$ ( Non popular price)
Targets - 2x - 3x - 5x - 8x - 10x
@cryptosignals
TradingView
BINANCE:ATOMUSDT Chart Image by atal_Cryptosignals
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