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Cosmos Hub (ATOM) - September 3

BINANCE:ATOMUSDT   Cosmos / TetherUS
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(ATOMUSDT 1W Chart)
- The key is whether you can climb to the 15.083 section.

- When the Stoch RSI moves out of the overbought zone, the key is whether it can find support near 9.603.



(1D chart)
Primary resistance: 15.083
Secondary resistance: 20.955-23.269

Support: 6.809-9.603

It is necessary to check whether it is supported near 12.380.

If it does not find support, it is likely to move towards the 9.603 level.


- As the Stoch RSI indicator rose before falling to the oversold section, it can be seen that the bearish force is weak.

However, if it fails to rise in the overbought zone and falls, it means that the upside power is also weak.

This weakening of the overall strength increases the likelihood of a sideways movement, so the area around 12.380 is expected to be an important support and resistance point.


- The 15.083 point is the point of support and resistance drawn on the 1M chart, which is important from a long-term perspective.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/

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