HubAlgo

COSMOS-Bull trend with a pause

BINANCE:ATOMUSDT   Cosmos / TetherUS
Hello everyone

As you can see ATOMUSDT did pretty good in the last 2 days and made a bull channel for us.

In 4 hours chart we have a good amount of buy volume on 11.5$, but considering the body of the bear bars in the trend which starting to get bigger, we might get some down trend like couple of bars before.Knowing that the price been in a trading range in the past 9-10 days between 10$-12.25$ , I prefer to take sell signals right here for about 4-5 bars.I mean we don't know if this will be a break out or not(3ed times the charm).

the support levels are 11$ & 10$ and the resistance levels are 12.25$ & 13$.

I will gladly answer your questions. PRESS THE LIKE BOTTOM
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.