COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – July 22
- The bears are in control of the short and medium-term outlook.
- Responsible selling may be considered.
ATOM/USD Medium-term Trend: Bearish
Supply zone: $10.00, $12.00, $14.00
Demand zone: $2.00, $1.50, $1.00
ATOM is in a bearish trend in the medium-term outlook. The bulls had good run till this norming forming higher highs before momentum was lost at $4.31 in the supply area shortly after today’s opening.
The bear’s gradual return was signaled by the inverted hammer at the supply area. The breakdown at the EMAs crossover with a drop to $4.11 in the demand area.
ATOMUSD plunges to $3.93 in the demand area below the two EMAs and the stochastic oscillator signal points down at 44% suggesting further downward movement in price in the medium-term.
$3.60 in the demand area is the on the card with the bearish momentum increased as more candles opened and closed below the two EMA.
ATOM/USD Short-term Trend: Bearish
ATOM is in the bearish trend in the short-term outlook. The bullish pressure weakens at $4.31 in the supply area, shortly after a brief rally after opening price at $4.16. ATOMUSD dropped initially to $4.13 and later to $3.93 in the demand area and break the trendline which was strong support.
Price is below the two EMA crossover an indication of strong pressure on the coin by the bears.
$3.75 in the demand area is up for a retest as the bears continue the journey down south. This was further confirmed by the signal of the stochastic oscillator is pointing down at 6% in the oversold region.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$27.3216 change ~ -9.08%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.