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Weekly forecast Cosmos technical chart
Symbol ATOMUSD
Trade Setup

#ATOMUSD
Total Profit: -9750 point (-80%)
Closed trade(s): 0 point Profit
Open trade(s): -9750 point Profit

Trade Setup:
We opened 10 BUY trades @ 11.519 based on 'Valley' entry method at 2023-04-27.

Open Profit:
Profit for one BUY trade is 10.544(current price) - 11.519(open price) = -975 point (-8%)
10 trade(s) still open, therefore total profit for open trade(s) is -975 (-8%) x 10 = -9750 point (-80%)

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.
DateMay 20, 2023 - 09:14
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 8.430, beginning of uptrend is expected.
  • We make sure when the resistance at 15.450 breaks.
  • If the support at 8.430 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 10.150 on 05/09/2023, so more gains to resistance(s) 12.120, 13.420 and maximum to Major Resistance (15.450) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

Take Profits:

  1. 12.120
  2. 13.420
  3. 15.450
  4. 17.200
  5. 20.200
  6. 23.043
  7. 33.300
  8. 39.009
  9. 44.604
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.