ATOM-USDT(Symmetrical Triangle Breakout)
Cosmos referred to as “Blockchain 3.0” is a network connecting many independent distributed ledgers (e.g., Ethereum, Bitcoin) to achieve interoperability across blockchains. Its goal is to "create an Internet of Blockchains", i.e., "a network of blockchains where each participant is able to communicate with each other in a decentralized way".
Key Levels to watch out for:
On 4 Hour Time Frame, ATOM has been trading in a Symmetrical Triangle formation for the past 2 months.
The resistance trendline to the higher side has been trending lower, while it has given a breakout from the trendline and is consolidating above the trendline.
The bull rally may continue its upward momentum to the levels of $31 while the support to the lower side is placed at $22.
Key Levels to watch out for:
On 4 Hour Time Frame, ATOM has been trading in a Symmetrical Triangle formation for the past 2 months.
The resistance trendline to the higher side has been trending lower, while it has given a breakout from the trendline and is consolidating above the trendline.
The bull rally may continue its upward momentum to the levels of $31 while the support to the lower side is placed at $22.
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