Cosmos / TetherUS

Cosmos ATOM/USDT current setup. Price action strategy baby!!!

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On the ATOM / USDT chart we can see how the price responds beautifully to Pivot point R1 daily and also Pivot point P weekly.

After breaking the daily trend line, the price rises, but we are close to Fibonacci level 0.382, where the price will certainly respond.

At the moment, I prefer the price drop to the current trend line.

On a lower time frame, we have a nice opportunity to enter. Therefore, it is important to do Multi time frame analysis. In my case D1-H1-M15.

Happy trading.

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