ATOM/BTC approaching two wedges
Cosmos looks to be approaching a couple of options with regard to its wedge against BTC. It looks like there is a recent support trend that it might bounce off of in the case of a slight dip (green line), as well as a much larger support line.
The good part is that there are a few options in the case that BTC does dip in the next day(s), for which Cosmos has some options to then rebound. However, there are also some options for breakouts against BTC as it is fairly near the top of the larger wedge right now.
Either way, in my opinion it looks like some large changes are possible over the next few days or at the very least within the week.
The good part is that there are a few options in the case that BTC does dip in the next day(s), for which Cosmos has some options to then rebound. However, there are also some options for breakouts against BTC as it is fairly near the top of the larger wedge right now.
Either way, in my opinion it looks like some large changes are possible over the next few days or at the very least within the week.
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