Cosmos taking its share of the market.
The Cosmos ecosystem is showing incredible strength against all pairs considering the current market conditions with ATOM soaring to its previous ATH from September.
Bleeding 90% of its value against ETH for the past 2 and a half years, ATOM recently broke through the macro downtrend resistance, entering an historically important range.
I will be waiting for the weekly to close above the red line and retest it for further confirmation, personally I would like to see some consolidation around this zone turning it into support.
Bleeding 90% of its value against ETH for the past 2 and a half years, ATOM recently broke through the macro downtrend resistance, entering an historically important range.
I will be waiting for the weekly to close above the red line and retest it for further confirmation, personally I would like to see some consolidation around this zone turning it into support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.