Cosmos (ATOM) - July 7
Updated
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You need to make sure you can get support on point A, 2.983.
With this rise, it has risen above 5EMA on the 1M chart.
We need to make sure that we are able to touch the 50EMA on the 1W chart above the 3.415 point due to its elasticity.
I think the section 3.415~3.9 is the middle section (near the waist) in this chart.
We have to break through this middle section and see if we can ascend towards the 4.614 point.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
You need to make sure you can get support on point A, 2.983.
With this rise, it has risen above 5EMA on the 1M chart.
We need to make sure that we are able to touch the 50EMA on the 1W chart above the 3.415 point due to its elasticity.
I think the section 3.415~3.9 is the middle section (near the waist) in this chart.
We have to break through this middle section and see if we can ascend towards the 4.614 point.
-------------------------------------------------- -----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Note
In this chart, it has risen after breaking through the important section of 3.415~3.9.
It is expected to touch the 4.614 point, which must be supported to ascend to the High section.
If it falls below the rising trend line, it is Stop Loss.
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