COSMOS Price Prediction Today: Daily (ATM) Value Forecast – June 3


  • The short and medium-term outlook is in a bullish trend.
  • Responsible buying recommended.

ATM/USD Medium-term Trend: Bullish

Supply zone: $10.00, $12.00, $14.00
Demand zone: $4.00, $3.00, $2.00

The cryptocurrency is in a bullish trend in its medium-term outlook. The drawdown to the 61.8 fibs after the bullish move to $6.42 in the supply area on 30th May confirms the long and medium-term upward price movement of ATMUSD.

The bears' activities were necessary for the market correction and confirmation of the bullish continuation in medium-term.

The large bullish candle at $5.61 in the demand area at the 38.2 fibs sustained the pressure with $6.41 in the supply area tested before the end of yesterday session.

Price is currently up at $6.83 in the supply area above the two EMAs as the bulls continue the journey to 1.618 of the fib extension which is at $8.53 in the supply area.

ATM/USD Short-term Trend: Bullish

 

ATM is in the uptrend in the short-term outlook. The bulls returned at the trendline shortly after yesterday opening session at $5.59 in the demand area. The cryptocurrency price rose to $6.60 in the supply area before the end of yesterday session.

The bulls continue the journey up north with a bullish candle at $6.20 as the market opens today. Currently,  price is up at $6.80 in the supply area with the sign of continuing the upward movement.

The stochastic oscillator signal points up at 91% in the overbought region, which implies upward momentum in the short-term with $7.00 in the supply area as bulls’ initial target.

Live Cosmos (ATOM) Price:

1 ATOM/USD =$12.0586 change ~ -0.18%

Coin Market Cap

$3 Billion

24 Hour Volume

$98.82 Million

24 Hour VWAP

$12

24 Hour Change

$-0.02

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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