Cosmos a.k.a. ATOM - 1 Month Ahead Trading Idea - 21 May 2022

ATOMUSD in the past 50 days made a big decline of over 75% and its a good moment for accumulation in the short-medium term time frame. Good news coming out for the ATOM ecosystem and a potential upside of 100% is very likely to happen even in 1 month period.

What is the supported thesis technically for the expected scenario on ATOM?

- There are big liquidation holes to be filled upside and the first strong resistance is at $22.00 per coin
- The MACD indicator hits low points and soon will start its explosive on the upside
- Wedge concentrate price action and soon will break out with huge price action
- Breaking of downside dynamic trendline should be a reality in the beginning of June

If you have any questions related to this trading idea I will be happy to provide you with answers.