THELOGICALINDIAN - Todays uptick is absorbing but alone a bleep on the circadian chart
Cosmos / USD Short-term amount analysis
Cosmos has a bullish concise outlook, with the ATOM / USD brace arduous appear its best trading high.
The four-hour time anatomy is assuming that a aloft abstruse development has occurred, with the cryptocurrency breaking aloft a ample triangle pattern.
Technical indicators on the four-hour time anatomy are bullish and abide to affair a able buy signal.
Pattern Watch
Traders should abide to adviser amount closes aloft the triangle arrangement on the four-hour time anatomy for added abstruse confirmation.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bullish, although it has approached acute overbought territory.
MACD Indicator
The MACD indicator is bullish on the four-hour time anatomy and continues to accomplish a buy signal.
Cosmos / USD Medium-term amount analysis
Cosmos has a aloof medium-term trading bias, with the cryptocurrency still trapped aural its afresh accustomed amount range.
The circadian time anatomy is assuming that the ATOM / USD brace is currently trading aural a ascent amount channel, with the cryptocurrency bouncing from key trendline support.
Technical indicators on the circadian time anatomy are bullish and abide to accomplish buy signals.
Pattern Watch
Traders should agenda that the cryptocurrency may alpha to advance appear key trendline attrition on the circadian time frame.
Relative Strength Index
The RSI indicator is additionally bullish on the circadian time anatomy and shows ambit for added upside.
MACD Indicator
The MACD indicator on the circadian time anatomy has angry bullish and shows ambit for added upside.
Conclusion
Cosmos has an more bullish concise outlook, with the blemish on the four-hour time anatomy accouterment a able adumbration that cryptocurrency could alpha to move into a abundant college amount range.
The contempo animation from key trend band abutment on the circadian time anatomy additionally suggests bullish drive is starting to abound over the medium-term.
