Cosmos (ATOM): Will Move To Lower Zones?

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Cosmos has moved nicely to the lower zones here after a rejection from 200EMA zone.

We are not seeing some small bounce momentum where price is trying to secure that middle line of Bollinger Bands, but despite that, we see further movement to lower zones to happen (as long as we are below 100EMA).

Swallow Team

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ملاحظة

Cosmos secured fully that middle line of Bollinger Bands and is now moving nicely towards 200EMA where the price is now testing 100EMA.

If we break that 100EMA we will be looking for rejection from 200EMA but if we fail to break 100EMA then we will be looking for an early move to lower support zones here!

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ملاحظة

Cosmos has been rejected by 100EMA, where it failed completely to break that zone. Since then, we have dropped around 5%, and the price is still looking to move to lower zones!