COSMOS Price Prediction: Long-term (ATOM) Value Forecast – June 22
- ATOM/USD market is still most likely to continue with its current choppy price movements until the next trading sessions.
- Traders should be wary of taking a long entry at a breakout of the upper range mark at $7.
ATOM/USD Long-term Trend – Ranging
- Distribution territories: $8, $9, $10
- Accumulation territories: $5, $4, $3
There has been no difference in the range zones that the ATOM/USD market is found over a couple of weeks. Most of the times, the market has been making notable swings to touch either upper or lower range point of the zones.
The SMAs are now conjoined within the range zones marked by $7 and $6 horizontal price lines. The Stochastic Oscillators are now making an attempt close at range 80. That signifies the possibility of seeing more range movements in the market.
The ATOM/USD market still appears to continue moving within or around the present range zones until the next trading sessions. By that assumption, the decision of taking a position could be to suspend or to be on the lookout for entering a position against the touch of each of the range spots. However, the bears appear to have a greater advantage to run in the market while the bulls are unable to surge past the $7 present upper range mark.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$24.1108 change ~ -10.63%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.