$ATOM Spotting an ATOM Bearish Reversal

A bearish reversal for Cosmos (ATOM) signifies a potential transition from an uptrend to a new downtrend, often marked by distinct chart patterns and momentum shifts.

This shift is frequently signaled by patterns like a head and shoulders top or a double top ("M" pattern), following a sustained price advance. Key warnings include weakening upward momentum and declining volume on rally attempts. The reversal is confirmed when ATOM breaks decisively below a major support level or trendline, typically on increased selling volume.

Ultimately, this indicates that buyer exhaustion has set in, and sellers are seizing control of ATOM's market direction.$PIPPIN $POWER

ATOM

2.152

-1.28%