Cosmos (ATOM) fights to break horizontal pattern

17 Des 2020

Cosmos appears to have finally rose out of the sideways channel it was in. with a apparent impulse move that could push up to 5.78, 5.89, 6.08, and 6.34 support/resistance levels. Cosmonauts have been waiting a while to see if it can return to the highs seen around thanksgiving, however, it must break through and confirm its strength above the channel and 5.78 for that to be a likelihood.

We will see where it sits come morning.

17 Des 2020

Catatan

Note that the RSI briefly was overbought before the 14th, but has not exceded that upper Standard deviation. The good news, a brief look at the Volume shows that it is holding strong moving into Thursday.