Cosmos (ATOM): Another Rejection From 200EMA

2024년 5월 23일

Cosmos has had another rejection from 200EMA where the price is now possibly going towards the lower support zone.

As we had another rejection / fakeout, we think that price will bounce from one side to another until it is pressured from both sides (end of triangle formation).

Swallow Team

2024년 5월 24일

노트

Cosmos has had a nice 6% market price movement after another rejection from 200EMA.

As price is still looking for a target, we are most likely going to trade in between those lines of lower support and the upper 200EMA.