ATOM/BTC - COSMOS - Confirming "Cup and Handle Pattern"
We chart the internet of blockchain "COSMOS" as you can see it forming cup and handle pattern. On this chart we use Arrow, Trendline, Text,RSI14 close and MacD below. On chart as of this moment we're in the decision price if he break the resistance or the support. The resistance are blue horizontal trendline with targets.
The support are the red horizontal lines we count 3 as well. If this support will break this will be waiting for the big pump, if not it will continue to fall to support level 2. The parallel lines must be break since this is our handle before it will blew it away up to btc halving. On RSI we indicate the breaking point the same with rectangle green box. While the MacD is still complicated and need to know for a couple of days.
Please take a look my chart here ->
BUY - (At the handle)
SELL: (Don't sell until up until the halving)
STOP LOSS: For me on this chart you will sell if he hits the breaking point as we will expecting a short dip before pump up until halving.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
All you need to know about Cosmos (ATOM)