Cosmos has been consolidating since the February 15 top. There is still room for more sideways movement within the green zone as it happened during the last consolidation phase from September to December 2020.
When the price hit the 1D MA200 (orange trend-line), it started making Higher Highs again. You have the time for sideways profit until a 1D MA200 takes place, which could skyrocket ATOM towards the 3.0 Fibonacci Channel extension level.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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.