COSMOS (ATOM) Mid-term Support & Resistance zones
Hi, ATOM community!
Today I’m going to analyze mid-term trading set up for Cosmos.
We should consider 3 keypoints moments here:
1) Price action near Support Zone 1 shows us little divergence between price and RSI chart. We can see that bears haven’t met much buy power pushing price to support 1
2) Price locked in 3.5$ - 4.2$ zone. I’m expecting sideways until any good news appear to break Resistance 2
3) In the case of positive news/social sentiment, the price could reach Resistance 3 pretty fast
For me, interesting entry points would be 3.4$ or after breaking 4.2$ resistance (which will become support zone eventually)
If you are seasoned scalper, you can try to trade above-mentioned range.
Your comments are appreciated. Thanks for reading
Today I’m going to analyze mid-term trading set up for Cosmos.
We should consider 3 keypoints moments here:
1) Price action near Support Zone 1 shows us little divergence between price and RSI chart. We can see that bears haven’t met much buy power pushing price to support 1
2) Price locked in 3.5$ - 4.2$ zone. I’m expecting sideways until any good news appear to break Resistance 2
3) In the case of positive news/social sentiment, the price could reach Resistance 3 pretty fast
For me, interesting entry points would be 3.4$ or after breaking 4.2$ resistance (which will become support zone eventually)
If you are seasoned scalper, you can try to trade above-mentioned range.
Your comments are appreciated. Thanks for reading
Bình luận:
3) In the case of positive news/social sentiment, the price could reach Resistance 3 pretty fast
UPD: Resistance 2 accordingly
UPD: Resistance 2 accordingly
Giao dịch đang hoạt động:
Just as planned. Bought near 3.5$ heading towards the first Resistance and with such a strong moment, it's a no-brained it will fall
Giao dịch đang hoạt động:
Basically, anything near 3.5$ is a good buy RN but put tight stop losses
Giao dịch được đóng thủ công:
3.4 Stop-loss reached. Strong support zone has been broken.
Future trades impose a high risk
Future trades impose a high risk
Đóng lệnh: dừng lỗ
UPD: Resistance 1. Sorry for typo