Cosmos  (ATOM ) to $2.50
2023-09-21

But first price action shall move to the 11-12 dollar resistance before the downtrend continues.

** trading opportunity **

On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50.

Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead shall likely print a strong upward move at first until resistance.

Is it possible this resistance test at $12 fails to hold? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: <=6%
Timeframe: Long now this month until resistance
Return: 50% or thereabouts