Cosmos is one of the pioneer and well known project in crypto market; no introduction needed. Technical wise, after a huge rise, ATOM been in correction phase until recently when ATOM broke the descending triangle as well as the downtrend line. Another point to notice is that Cosmos trading volume has increased significantly. Let's see what happens.
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So, after ATOM broke the major downtrend line, it went up and now reached the upper line of a wedge-like pattern. It seems that ATOM is little left out from the altcoins upward phase. If ATOM break this line too, most probably ATOM joins altcoins forces. Let's see what happens.
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So, ATOM couldn't break the upper line, made a fake breakout, and then went down. It seems ATOM is moving in a descending channel and correction took ATOM down to the lower line. Recently, ATOM broke the correction's downtrend line and is going up. Let's see what happens.
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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.
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.