Cryptolean Cosmos ATOM Update

After printing a double top in the daily chart, Cosmos declined and now is trying to reverse from the key daily support level at $11.42, re-testing $12.09 resistance.

A bullish break-out of $12.09 and a bullish candle closure above this level will result in a re-test of $12.89-$13.46 and, possibly, higher.

A rejection $12.09 followed by a bearish break-out of $11.42 will push #ATOM price lower towards $10.16.

Intraday Chart



The ATOMUSDT 4-Hour chart is bearish and teasing $12.24, the key intraday resistance.

A bearish rejection of $12.24 will push Cosmos price towards the key intraday support zone at $10.11-$10.71, where I will be closely watching the price action of ATOM.

A bullish break-out of $12.24 will push price to re-test $13.54, however the price action may be slow and choppy.

Support once read!
Thank you.