Cosmos
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ATOM - The Bomb?

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ATOM has had an enormous recovery surge currently 36% to take price to higher high.

This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers.

However bearish divergence suggests there may be a correction coming first.

ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will be a suitable entry I think.

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Please note - I am bearish on BTC mid term. This trade is a swing only to capture high volatility in trending end phase. It is risky. A BTC capitulation will destroy this trade. However I think it will be a successful as BTC drifts sideways and up in recovery.

Not advice
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ATOM taking off here, this could go far I think if BTC drifts up.
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Lift off 🚀
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Looks like another breakout coming up.
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Probable there is no more upside from here.

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