🪙 Analysis and tracking of currency $ATOM (Cosmos)
🔹 Entry from the current price: 2.27
🎯 First target: 2.45
🎯 Second target: 2.65
🎯 Third target: 2.90
🛑 Stop loss: 2.00
📌 Let's talk a bit about the currency:
Cosmos is considered one of the most important blockchain projects that focuses on connecting networks with each other, and this gives it high strength and flexibility compared to competing projects. The price is currently close to a clear support area, and with the calm market, there is a possibility we might see an upward movement if the buying pressure continues.
📊 Important technical indicators:
• Currently, the RSI indicator is in a neutral area and tends to rise slightly.
• Also, the MACD indicator is about to have a positive crossover, which is usually a good signal for the start of upward momentum.
• Regarding the overall trend, $ATOM is maintaining the 2.20 support area well.
• Additionally, the trading volume has shown slight improvement, which supports the positive scenario.
💡 Advice:
Make your entry gradual and take advantage of any slight decline as an additional strengthening level.
⚠️ Warning:
Breaking 2.00 could change the direction completely, so stick to the stop loss without hesitation
