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COSMOS Price Analysis: SMA-200 is below SMA-20, hike in price

  • The token has a 24 hours trading volume of 189,174,254 and the loss by 18.24% was seen
  • The token has shown an engulfing bearish pattern in the last 5 hours
  • The coins RSI oscillator shows the action of OVERSOLD

The token has been running above its 200 days moving average and also above its 50 days moving average. This is a positive sign for its holders and this also brings COSMOS in notice of cryptomarket as it has been trialing above SMA-200. The chart above shows the token with respect to SMA-20, SMA-50 and SMA-200. Along with it an RSI oscillator is also present. RSI for the last 5 hours shows the value of 45.341 and marks the neutral action. MA-5, MA-10 and MA-20 show the SELL action. Bull/Bear power with the value of -0.8258 shows the SELL action as well. However, MA-50 and MA-100 show the BUY action. High/Low level with the value of -0.6747 shows the SELL action. 

The ATOM-BTC pair is trailing at the level of 0.0003668 and the low by 4.30% was seen whereas the ATOM-ETH pair is trailing at 0.00547 and was down by 2.45% in the last 24 hours. Vol/Market cap of the token is 0.07111 and its market dominance is 0.19%. The 24 hours high and low for the token is 13.50 and 12.20 respectively.

Conclusion: The token at present has been trailing above SMA-200 and SMA-50 and thus the token has a chance of traveling likewise for some more time. The token has provided decent returns and so it is ready to go for SELL. The days range for the token is 12.0687-12.1784 and presently it is running at 12.1760. If you still wish to long for the token then do not enter it. SELL is the only action for now and for the coming time it would be like this only. 

Technical Instruments:

Pivot: 12.8348

R-1: 13.1635

R-2: 13.3666

S-1: 12.5061

S-2: 12.3030

(Note- The unit is USD)