📈 Daily TA: Cosmos (ATOM/USD)

Hello, dear members of LeoFinance!

Today I want to comment on the price chart of Cosmos.

In the daily chart (1D), ATOM/USD is consolidating at the 360-day Moving Average (MA 360): So, this means that this is just another cryptocurrency that is at a crossroads. If MA 360 provides enough support for the price of Cosmos then sooner or later the uptrend will resume. However, if the price drops below MA 360 then ATOM/USD may enter a new bear market/stagnation.

To be continued ...

As of the time of writing, one ATOM costs $10.55 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 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.

Learn How To Earn PRE Tokens By Using Presearch Decentralized Search Engine

Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531 Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW

Posted Using LeoFinance ^Beta

📈 Daily TA: Cosmos (ATOM/USD) | 21-07-2021