Cosmos (ATOM): Another Rejection From 200EMA

23 พ.ค.

Cosmos has had another rejection from 200EMA where the price is now possibly going towards the lower support zone.

As we had another rejection / fakeout, we think that price will bounce from one side to another until it is pressured from both sides (end of triangle formation).

Swallow Team

24 พ.ค.

บันทึกช่วยจำ

Cosmos has had a nice 6% market price movement after another rejection from 200EMA.

As price is still looking for a target, we are most likely going to trade in between those lines of lower support and the upper 200EMA.