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Weekly forecast Cosmos technical chart
Symbol ATOMUSD
Trade Setup

#ATOMUSDT
Total Profit: 8713 pip (832%)
Closed trade(s): 6679 pip Profit (638%)
Open trade(s): 2034 pip Profit (194%)

Trade Setup:
We opened 8 BUY trade(s) @ 10.48 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 11.55 touched at 2021.07.22 with 107 pip Profit (10%).
TP2 @ 13.05 touched at 2021.08.01 with 257 pip Profit (25%).
TP3 @ 16.25 touched at 2021.08.16 with 577 pip Profit (55%).
TP4 @ 18.95 touched at 2021.08.19 with 847 pip Profit (81%).
TP5 @ 21.55 touched at 2021.08.21 with 1107 pip Profit (106%).
TP6 @ 26.55 touched at 2021.09.06 with 1607 pip Profit (153%).
TP7 @ 32.25 touched at 2021.09.12 with 2177 pip Profit (208%).
107 (10%) + 257 (25%) + 577 (55%) + 847 (81%) + 1107 (106%) + 1607 (153%) + 2177 (208%) = 6679 pip (638%)

Open Profit:
Profit for one trade is 30.82(current price) - 10.48(open price) = 2034 pip (194%)
1 trade(s) still open, therefore total profit for open trade(s) is 2034 (194%) x 1 = 2034 pip (194%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 26.550 is broken, we will close open trades.
DateDecember 3, 2021 - 11:41
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 26.550, resumption of uptrend is expected.
  • We make sure when the resistance at 44.600 breaks.
  • If the support at 26.550 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 26.550 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 24.65 on 11/28/2021, so more gains to resistance(s) 32.25, 37.84 and maximum to Major Resistance (44.60) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 52.

Take Profits:

  1. 11.55
  2. 13.05
  3. 16.25
  4. 18.95
  5. 21.55
  6. 26.55
  7. 32.25
Click on the level to view price action history.
Symbol Released Current Forecast
Cosmos (ATOMUSD) Sun, 14 Apr 2024
Cosmos (ATOMUSD) Sun, 7 Apr 2024
Cosmos (ATOMUSD) Sun, 31 Mar 2024
Cosmos (ATOMUSD) Sun, 24 Mar 2024
Cosmos (ATOMUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on ATOMUSD.