ATOM/USDT: Inverse Head and Shoulders Ready to Trigger

Wait 5 sec.

ATOM/USDT: Inverse Head and Shoulders Ready to TriggerCosmos / TetherUSBINANCE:ATOMUSDTmelikatrader94Hi! The daily chart for Cosmos (ATOM) shows a highly promising structural bottoming pattern. A classic Inverse Head and Shoulders structure has formed, signaling a potential macro trend reversal from bearish to bullish. Key Observations: Price action is currently consolidating just below the main descending Trendline and the pattern’s neckline area. The 100 SMA is flattening out out around 1.894, acting as solid baseline support for the Right Shoulder. Outlook: A decisive daily close above the descending trendline (around the 2.050 - 2.100 region) will confirm the breakout. Bottom Line: The accumulation phase looks complete. If buyers can clear the trendline resistance, the primary upside target sits in the major supply zone around 2.400. I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!