Cosmos
Long
Updated

ATOMic Blast

254
ATOM has been consolidating into a wedge since the middle of February as it did late January before its long takeoff. The bearish trend on the daily MACD is weakening. The RSI shows neither bullish nor bearish signs, but when ATOM starts to shoot up, it has lots of room to grow before it becomes overbought. However, none of this matters if BTC decides to dump, so trade at your own risk.

Most of the ATOM I have is staked, but I picked up more at the end of February during the correction. The Cosmos network is a solid project with good fundamentals and a strong team. BNB, CRO, and RUNE are some of the coins in the Cosmos ecosystem along with ATOM. I am excited about the future of this project!!
Note
I wish you all prosperous and happy trading!!:)
Note
Another false break :( - but ATOM holding nicely above $18.5 level, if it breaks below, expect more movement down

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.