Buyers are pushing the market, TAMA Explodes Skywards

ATOM is bully.

ATOMUSD Price Analysis – September 12

ATOM may break the $17 resistance level if the bulls increase their pressure; Above it $19 and $21 are resistance levels. If it holds the resistance level of $17, the price may drop to the support level at $13, further increase in bearish pressure may lower the price to $8.

ATOM/USD market

Key steps:

Resistance levels: $17, $19, $21

Support levels: $13, $10, $8

ATOMUSD Long Term Trend: Bullish

ATOMUSD is highlighted on the daily chart. On June 18, the bear momentum failed when Cosmos hit a low of $5. Buyers dominated the market and the price rose to $13 on strong momentum. It will harden for a few days. It will break the $13 resistance level as the bulls gain more pressure. It went up and tested the $17 level.

The price is trading above the two EMAs, which is a bullish signal, but the fast moving average (9 periods) and the slow moving average (21 periods EMA) have diverged. Cosmos may break the $17 resistance level if the bulls increase their pressure; Above it $19 and $21 are resistance levels. If it holds the resistance level of $17, the price may drop to the support level at $13, further increase in bearish pressure may lower the price to $8.

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ATOMUSD Medium Term Trend: Bullish, TAMA Skywards Explodes

ATOMUSD is bullish on the 4-hour chart. When the price reached the support level of $5, the bears lost their momentum. The price couldn’t be lower. Buyers are gaining momentum in the cosmos market. The bulls took control of the Cosmos market, pushing the coin higher and testing the $17 level.

The two EMAs have diverged from each other and the currency pair is trading above the 21 periods EMA and 9 periods EMA, indicating that a bullish move is underway. The relative strength indicator period is 14 by 74 levels and the signal lines indicate a buy signal.

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