Crypto Reversal? | Cosmos ATOM Price Prediction

Hey guys what’s up it’s frank here from Altcoin buzz good morning good afternoon Or good evening wherever in the world You find yourself so today we are Looking at atom usdt otherwise known as Cosmos and of course although we have Seen this monumental dump since the All-time high we are always on the Lookout for reversals why because the Long-term trend is clear with Cryptocurrencies and therefore we are Looking for signs that we are Potentially reversing and that is Exactly what i’m going to show you today All the signs that atom usdt is likely Reversing so stick around until the end Of the video to see where the next Targets would be the next price targets Would be that you could expect to reach Over the coming weeks if you were to Enter a long trade now for those of you Who don’t know altquin buzz is first and Foremost a crypto investment research Company and we have been providing you Numerous 100x returns since 2017. so if you want to get in on that Action join our alt queen buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies Also don’t forget that we have just one Day left now on this altcoin buzz Exclusive promotion with mexi global six

Thousand six hundred and ninety nine Dollars worth of Money up for grabs including a 99 Altcoin buzz access pro membership Completely for free all you have to do Is sign up on the exchange and trade and Fund the account and follow the terms And conditions and you have a chance to Win all of these goodies so click the Link up above or in the pin comment Section down below also please don’t Forget to like subscribe and click the Notification bell so that you don’t miss Any future updates and finally please Note that none of this is financial Advice [Music] Okay so starting here on the three day Time frame for atom usdt we’re seeing Many of the same signs that we actually Saw for polka dot in yesterday’s video Two of those being the bullish Divergence on the rsi with a higher high On the rsi And a Lower low on price And a lower low on the histogram which Normally would coincide with a Higher low in price but instead Coincides with a lower low in price so Again this is a powerful bullish Divergence and again this is the three Day time frame so it is worthy to note That this plays a much bigger role than

It would if it was on the smaller time Frames also of course we have the Bullish divergence here on the macd Again a very good sign especially on These larger time frames we have a very Clear breakthrough here not like back Here in july where we just had a sort of Small move up and then immediately Retraced this seems like it’s more Decisive As you can see we have almost a vertical Move up on the blue line here and then Of course just as with polka dot we are Above an important support that being The 5.55 level you can see that we had Plenty of volume in the past at this Level plenty of price action it would be Very very surprising if we just sliced Right through that support that being Said we could potentially see a new Lower low below that so for that purpose Let’s look at the support levels so in Order to get the most immediate support I’m going to Use a fibonacci extension of this move Up and based on this we could say that There’s potential to find support at the 618 however we can see that there is Market structure directly below that so I’m going to place the potential support Here at the 6.62 level the next support Of course would be the previous Low of the 5.55 level but if we break

That my guess the next support would be This level of the 4.75 Level and the reason for that being that Again we have so much History at this price point so much time Spent fighting over this price point in The past so it’s very unlikely that we Just break right through it and if we do Then yeah that’s definitely not a good Sign for atom usdt but as mentioned we Saw these powerful bullish divergences So i think it’s somewhat more likely That we actually don’t see a new lower Low or that even if we do as i mentioned It won’t be all that much lower 4.75 Dollars i think would be probably the All-time low if we were to see a new low After this now that being said on the Four hour time frame we are seeing Unfortunately a somewhat Bearish occurrence here and that is Shown by the bollinger bands so you can See that we had a contraction of these Bollinger bands which usually means that There’s going to be a more powerful move In one direction or the other and Unfortunately we had these four hour Candles Breaking below it so my guess is that we Will actually see further downward price Action before we see a move up and of Course we also have this parallel Channel down here from which we have Found resistance and we are closer to

The resistance than we are to the Support so again my guess is that we Will actually see A little bit more downwards price action But that we are very unlikely to break The 4.75 Level now if you’re a bull there are More good signs that we are in for a Potential reversal here looking at atom Btc on the three-day chart we are seeing Solid volume over four candles here so Really a very good sign that We have a potential for a reversal not Just on atom usdt but also on atom btc And also one of my fellow traders here Mentioned that we have a bullish Harmonic pattern this is basically where You have Two highs and then you have a low which Is lower than the previous low and this Is often a sign That we have actually bottomed out so if You were to enter a long trade here what Would be the potential resistances that You would be watching out for well first Of all the first major resistance to Break before we can Really have confidence that we’re gonna Have a move up from here is the eight Point seven four dollar level that’s Previous double top on the four hour and Breaking that would also break this Downward Parallel channel

Then if we break that The good thing about these explosive Moves down is that they don’t create Much resistance or support on the way Down so that means there’s usually Somewhat of a liquidity gap now the Liquidity gap doesn’t come until Actually a little bit later so the next Major resistance would be actually at The 12.42 level but then after that if We break through that there’s no Resistance there’s no major resistance Until again if we just zoom out here and Look at the volume profile here it’s a Very Reliable indicator of where we will we Are likely to see Resistance and that is the 18.31 level so If you were to enter a long trade here Of course trade at your own discretion You know we’re talking about potentially A risk of let’s say 37 which actually is Quite high but then we have potential to Make 140 so that’s 3.7 to 1 risk to Reward ratio that’s why i think a lot of Traders are paying attention now and are Likely positioning themselves for Entries over the coming days So just to sum it up the resistances are The eight point seven four dollar level The twelve point four two dollar level And the eighteen point three one dollar Level and the supports are the six point

Six two dollar level the five point five Five dollar level and the four point Seven five dollar level All right guys that’s been it from me For today if you enjoyed this video feel Free to check out yesterday’s video on Polka polkadot i also have made some Videos on trading tips and of course There’s lots of other great videos here On altcoinbuzz so feel free to subscribe To the channel and don’t forget just one Day left for our exclusive promotion on The mexi global exchange lots of money Up for grabs there and with that being Said I’ll see you in the next one [Music]