In this article, we share a recent analysis of Cosmos (ATOM) that was previously shared in our Premium environment. Experienced analysts share more than 20 technical analyzes here each week, which are now used daily by over 1,000 members.
Our community provides a safe and educational environment where traders of all skill levels gather to share knowledge about trading strategies, market trends and analysis methods. Do you still have questions after reading this article or would you like to receive more of these types of analytics? Take a look at our Premium info page and try it free for 30 days.
ATOM technical analysis price
Crypto Insiders have been optimistic about the universe quite often this year and each time the price could go up by 10% to 20%. Now an increase may follow, they recently explained to the Premium member as follows:
“Currently, ATOM seems to be settling just above the indicated green zone, which is between $9.32 and $10.01. The fact that ATOM is not entering the green zone can be explained by the presence of the S1 support level of the monthly pivot point, which is absorbing the price here.
However, we still expect a small downward movement before reaching the area. This is because we are still looking for completion of the ABC Elliott wave pattern, which usually occurs in the area between 100% and 123.6% Fibonacci.
From the green, we expect a huge increase, which could eventually take the price beyond $20 and maybe even to levels not seen since the bull run of 2021. Of course we have to remain realistic and the market is still very uncertain. In the Premium environment, we are closely monitoring the price and will be sharing a new analysis of ATOM in a few days.”
Take full advantage of this analysis with a Premium Membership
As a premium member, you get access to exclusive technical analysis of over 20 cryptocurrencies tracked daily. You can also join the conversation and ask experienced analysts and successful traders questions about trading, market developments and other crypto-related topics in a friendly and lively community. Visit our Premium info page for more details and take advantage of our free 30-day trial to experience the benefits of our Premium membership for yourself.
Editor’s note
Bybit is frequently used by experienced traders. You can also trade derivatives here and make a profit when the cryptocurrency drops in value.
Bybit has a very interesting offer this month. New clients get $1000 trading credit, with which you can try to make a profit without your own investment. Is this effective? Then the whole profit is yours! This way you can experience how Bybit works without risk and whether it is something for you. Use this link to register for free.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and advice provided on this site is based on the insights and experiences of our analysts. So, these are for educational purposes only.