Perfect possible Double Top into the Cosmo?

16 ก.ย. 2022

ATOM/USD
Bearish Case
- Double Top can be seen (white line)
- 1hr and 8hr RSI shows a exaggerated bearish divergence
- BTC is retracing, eventually ATOM will follow to in this bear market

Target Zone
- $13.41 (neck line of the bottom of double top)
- $12.81 (0.618 fib retrace)
- $11.60 (0.5 fib retrace & start of double top)

Bullish Case
- May break higher 8hr Histogram showing reversal

Thoughts?

17 ก.ย. 2022

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