Cosmos (ATOM): Sellers Seem to Overtake Support Soon

17 Nis

Cosmos coin is at a very important support zone, which is one of the strongest support zones from where price has previously started its upward movement.

We can call it a perfect accumulation zone on bigger timeframes but currently, looking at smaller timeframes, we are seeing that after a recent touch to that zone where ideally we should have seen upward movement, we are seeing rather an overtake from sellers where dominance is going into their hands there.

We keep on monitoring for any significant break of structures there to determine in which way we will go but to be honest, we are looking now for that liquidity zone rather than the bullish CME on the upper side.

Swallow Academy

23 May

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