ATOMUSDT (COSMOS) - DAILY ANALYSIS

ANALYSIS 🔎
- This is an analysis on ATOMUSDT based on the possible price actions in the coming days.
- ATOMUSDT recently hit an ATH.
- The market has been consolidating in a symmetrical triangle pattern.
- A relatively big move is imminent.
- We could see more upside or a correction

POSSIBLE PRICE ACTIONS AND CONDITIONS
- Uptrend : breakout above the symmetrical triangle's inclined resistance.
- Downtrend : breakdown below the symmetrical triangle's inclined support.

TARGETS 🎯
- Uptrend : ATH (all-time high) resistance, fibonacci extension levels.
- Downtrend : Horizontal support level (S1) , Key fibonacci retracement zone (0.5 - 0.618 - 0.786).