Update For ATOM/USDT Analysis
WELCOME TO ANOTHER UPDATE FOR COSMOS
The Internet of Blockchains.
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.
👉 Although According to previous analysis for , ATOM/USD (below) ; All targets were hit.(like a sniper 🎯🎯🎯)
(TARGET 4) max gain ✅ 587% 💰💰💰💰💰
But I'm still very bullish on atom, yet I can see new target for it.
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for ATOM/USDT, the price is trading around 19.5 $ .
At first glance at the cosmos chart; Take me to remember the analyze of BNB/USDT chart on Nov 29, 2020, before its explosive growth.
Although the situation is different now than it was then, there is no stronge reason why it should not happen exactly the same way, but technically and fundamentally it allows us to hope for it with risk management and a longer-term perspective.
With the formation of higher highs and higher lows, the atom/usdt is in compression, and can explode.
Recently after growing by about 100% in the last 2 weeks, it reacts to local resistance and can
Correct to near first green support at $ 16 or even lower supports.
But if it rise, if it could be able to reach above $ 22 again and stabilize and close above it for a few weeks, it can reach its targets Respectively.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
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