Augustus1st

Closing of the monthly candle tonight !

COINBASE:ATOMUSD   Cosmos
It is important, for prices, to stay above the Monthly Tenkan until the closure of the candle, in 12h now !

It would give a nice signal for the next weeks and would show that the bullish momentum isn't in danger, on a long term point of view.

Target to defend : $26.3

Target to look at, in case of base : $28.3 ; Weekly Kijun.

If we break this Monthly Tenkan: next important support : $22.9; the Monthly Kijun !
Comment:
The closure is well above the Monthly Tenkan.

Now prices are attacking Weekly Kijun, at $28.7.
On a Daily Point of View, by breaking this Kijun, we could see prices testing the Daily Tenkan, at $31.4, as a first resistance.

Note that the breakout of the Weekly Kijun is only confirmed when Weekly Candle is closed !

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