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ATOMUSDT

Cosmos-When will this bear market end??!Hello everyone Since the 3ed of April we had some good falling momentum in the market for ATOM.But I have to consider the investors and holders feelings too. in the last 2 days we have seen the lowest price for ATOMUSDT in 2022. As you can see we had a support level on 20$ and it seems like we had a reaction from the market in this level, But does this mean a reversal will happen? Well No, reversals rarely happen in the market, but consider today's bar a good setup for it and keep an eye out. I think we can have a bear flag pattern in smaller timeframes happening here, because of the bad news in wallstreet and that we don't know how long will the effect of it last.In daily we have a daily trend line which can turn into a wedge formation, creates a pinbar (3 candles pattern)and give us a possible breakout to the resistance level of 23$ above or maybe break out of that too. P.S. I know the trend line created a triangle pattern BUT this is the lowest we have been in 2022.
by HubAlgo
Cosmos Hub (ATOM) - April 26hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ATOMUSDT 1D Chart) The 17.65-20.06 section is an important support section. Therefore, it is necessary to check if the 17.65-20.06 section can support and rise. A move above 31.45 is expected to result in a sharp move. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto