Cosmos weekly upward trend.

23 Sep

Atom hit the stanky leg this weekend. A green candlestick with a longer bottom wick is a good sign to set up the coming week for success. I have resistance targeting $5.21, but it will take some time to get there. I believe it will pump in the next day or two and then come back down around the $4.60 range. Any thoughts anyone???

24 Sep

Nota

Monday is recovering with decent buying volume. ATOM looks to be in a good position to buy. From a fundamental approach, I'm a little skeptical because ATOM has been silent on pushing out news. Either no one is home, or the doors are locked because there is something good cooking.

25 Sep

Nota

ATOM is pushing towards resistance. Charts show good buying volume. It could hit $5.00 and then pull back for a retest this week. Stay on alert.

27 Sep

Nota

The monthly upward trend is performing strong. Thursday, 9/26, was overbought (12hr chart, RSI/ROC), trapping trading positions that will help drive price value in the upward trend. The 8hr and 12hr charts show a 20 MA in play and a 200 MA about to break under the candles. ATOM is moving slowly but with upward consistency.

29 Sep

Nota

A Golden cross is about to form for long positions. ATOM is currently in a retest to hold the value of $5.20. From a fundamental viewpoint, ATOM will benefit from Cosmoverse, creating great value for the months of October and November.

1 Okt

Nota

The golden cross didn't form on the 8-hour chart, but it did form on the 4-hour chart on Friday, 9/20. ATOM is in a consolidation phase, pivoting to a pullback. A rebound should be on its way to fight for the $5.00 position. Make sure to play your risk management in the coming days. Momentum - Low

6 Okt

Nota

There was a positive price bounce from last week's dip. Cosmos struggled to break the $5.19 resistance. This coming week, price discovery will determine value. The chart still plays my call, but the fundamental analysis will determine its price discovery.