Cosmos / TetherUSتم تحديثه SasanSeifi| Will It Rebound or Drop Further?
Hey there, ✌In the weekly timeframe, as you can see, Atom's price has been in a downtrend from the $8.50 range and has now corrected to the crucial weekly support level at $4. Currently, the price is trading around $4.
In the long-term timeframe, maintaining the $4 level is crucial. The price has reacted to this important support, and if it consolidates here with confirmation on lower timeframes, we could expect a potential rebound with positive fluctuations toward the $5 and $6.50 levels.
If positive momentum develops, we should watch how the price reacts to the $6.50 level. To continue the bullish trend and reach the target supply zone of $7 to $8, breaking the $6.50 level is necessary.
On the other hand, if the $4 level breaks and the price stabilizes below it, the likelihood of further correction increases, with potential downside targets of $3.20 to $2.30.
🔶The chart is in logarithmic scale.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
In the long-term timeframe, maintaining the $4 level is crucial. The price has reacted to this important support, and if it consolidates here with confirmation on lower timeframes, we could expect a potential rebound with positive fluctuations toward the $5 and $6.50 levels.
If positive momentum develops, we should watch how the price reacts to the $6.50 level. To continue the bullish trend and reach the target supply zone of $7 to $8, breaking the $6.50 level is necessary.
On the other hand, if the $4 level breaks and the price stabilizes below it, the likelihood of further correction increases, with potential downside targets of $3.20 to $2.30.
🔶The chart is in logarithmic scale.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
تم فتح الصفقة
The price has successfully risen to $5 but is currently at $4.30, facing negative reactions. Maintaining the $4 level is crucial. If selling pressure occurs and the price breaks below $4, further corrections to $3.20 to $2.30 may follow, leading to a new lower low. Observing reactions at support levels will help in understanding future price movements. Otherwise, if the $4 level holds, the price may enter a range again.
منشورات ذات صلة
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.