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ATOM Perpetual Futures ContractATOM Perpetual Futures ContractATOM Perpetual Futures Contract

ATOM Perpetual Futures Contract

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ATOMUSD.P trade ideas

Cosmos - Is it Really Different? Or Is It Headed Back to $8?Cosmos (ATOM) seems to be one of the only cryptocurrencies STILL in an uptrend. Does this mean it's "special"? While I think it's fair to expect some sort of relief rally for the market eventually, I think it's fairly likely ATOM will break down from its uptrend as well, and end up at least back at $20. If it follows what many other coins are doing, it should also head towards $8, which is near Summer lows. This is a pretty significant decline from current prices. Recently, I've heard buzz of people raking in gains through airdrops on Cosmos. It seems a bit euphoric, so I wouldn't be surprised to see this thing tank. The sell volume on the weekly is extremely high. In the short term, if the market gets a relief bounce, ATOM can recover towards the $31-32 area and retest the 9 week EMA as resistance (orange on the above chart). Let's see what happens! Maybe Cosmos can prove me wrong and hit the top of the long term ascending wedge, making a new all-time high this year. This is meant for speculation and entertainment only, not as financial advice. -Victor Cobra
COINBASE:ATOMUSDShort
by VictorCobra
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