📈 Daily TA: Cosmos (ATOM/USD)

Hello, dear members of LeoFinance!

Today I want to outline a common technical pattern in the price chart of Cosmos (ATOM).

In the 4-hour chart (4H), ATOM/USD has formed a Symmetrical Triangle (common trend continuation pattern): As can be seen from the chart, the price of the cryptocurrency is entering the final third of the triangle. I am very curious if ATOM/USD will be able to exit the triangle in the upward direction and resume the uptrend.

To be continued ...

As of the time of writing, one ATOM costs $21.24 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years and as a cryptocurrency analyst for the last almost 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Cosmos (ATOM/USD) | 09-04-2021