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%
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