Cosmos (ATOM) Death or Life
Many cryptos are found in crucial points:
1) BTC is in the 20k zone where we find solid support from the all-time high of 2017 2) ETH at 1k
3) Stocks Market (US500 & Nasdaq 100) on the one week average of 200 and on another solid support.
Returning to some other interesting alcoins we find together with Solana at sale prices
ATOM which is at $ 8 which finds 3 fundamental graphical factors
1) Support of its first point of maximum (green rectangle)
2) The Fibonacci extension at the price of $ 5 which has already been touched and now seems to be consolidating
3) Confirmation of the consolidation phase with a very visible bullish divergence with RSI rising and price falling.
Obviously we are in a bear market and you have to be careful to enter a LONG trade, but it could be an interesting point to accumulate and make a first purchase.
And what do you think?
If you liked the analysis, leave a Like and comment.
For more information contact us privately.
LPI.sa, Grow with Us.
1) BTC is in the 20k zone where we find solid support from the all-time high of 2017 2) ETH at 1k
3) Stocks Market (US500 & Nasdaq 100) on the one week average of 200 and on another solid support.
Returning to some other interesting alcoins we find together with Solana at sale prices
ATOM which is at $ 8 which finds 3 fundamental graphical factors
1) Support of its first point of maximum (green rectangle)
2) The Fibonacci extension at the price of $ 5 which has already been touched and now seems to be consolidating
3) Confirmation of the consolidation phase with a very visible bullish divergence with RSI rising and price falling.
Obviously we are in a bear market and you have to be careful to enter a LONG trade, but it could be an interesting point to accumulate and make a first purchase.
And what do you think?
If you liked the analysis, leave a Like and comment.
For more information contact us privately.
LPI.sa, Grow with Us.
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