👀Huobi x CoinMarketCal, A Coin To Keep An Eye On ATOM!

What is (Cosmos) ATOM?

The Cosmos (ATOM) is a cryptocurrency that is positioning itself as a decentralized network of independent blockchains that operate on the basis of Byzantine fault tolerance algorithms (BFT). Tendermint BFT is a byzantine fault-tolerant consensus engine that powers Cosmos Proof-of-Stake. These blockchains interact with each other through the Cosmos network, called the “Internet of blockchains.” Cosmos Hub is the first blockchain launched in Cosmos, and its main task is to interconnect other blockchains in the ecosystem. Tokens can be safely and quickly transferred from one blockchain to another within the Cosmos Hub.

▶️No Huobi Account? Register on Huobi

📅Event:Feb 18th — Stargate Upgrade ,planned for Jan 28th is now set for Feb.18th via coinmarketcal.

ATOM:USDT, 1D , Feb 8th 2021 9:10 EST

📈Analysis

ATOM exploded over 84% from the monthly open to tag the 100% extension near $15.

This level could continue to provide resistance, although early Monday’s trading suggests that the 68% extension near $13.50 could be turning from resistance to support.

A drop to the daily gap beginning at $11.265 could provide an excellent entry for traders who can’t watch intraday price action. If this gap fills, the zone between $9.50 and $9.00 provides the next logical support.

Technical analysis can’t predict a final target, but the 168% and 200% extensions near $18.506 and $20.116 are likely to provide significant resistance. Traders planning to take profits along the way can also watch the 127% extension near $16.444.

▶️Trade ATOM on Huobi

Follow Us On Twitter @HuobiGlobal + @CoinMarketCal

www.huobi.com; coinmarketcal.com

Risk Reminder:

1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store