COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – July 18
- The bulls are in control of the short and medium-term outlook.
- Buying at key areas may be considered.
ATOM/USD Medium-term Trend: Bullish
Supply zone: $10.00, $12.00, $14.00
Demand zone: $4.00, $3.00, $2.00
ATOM continues in a bullish trend in the medium-term outlook. The bulls had a good run during yesterday session right from the 4-hour opening price at $3.68. The candle closed a bullish spinning top which confirms the rally as price shot up to $4.10 in the supply area which was the high of the day before exhaustion sets in.
The bulls sustained the momentum as the market opened with $3.83 price with the cryptocurrency up at $4.01 in the supply area as the session opened today.
The structure of the market is letter W with the right leg developing suggesting a bullish continuation in the medium-term which is confirmed by the signal of the stochastic oscillator pointing up 52 %.
$4.60 in the supply area is the on the horizon as the rally continues which will be 28% price change while a 50% change at $5.40 is the ultimate target in the medium-term.
ATOM/USD Short-term Trend: Bullish
ATOM is in the bullish trend in the short-term outlook. The bears' pressure was weakened as the market opened yesterday. The hammer candle formed at $3.68 was the low and the beginning of the up-trending market. This was depicted by the formation of higher highs and higher lows. $4.10 was the high attained yesterday as the rally continues.
The higher low at $3.79, formed shortly after today’s opening session suggest that a higher is imminent as the t bullish momentum is increased.
$4.30 in the supply area may be attained as the high of the day before the end of today’s market with stronger pressure on the coin by the bulls
Live Cosmos (ATOM) Price:
1 ATOM/USD =$18.0663 change ~ -7.10%
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