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COSMOS Price Analysis : Cosmos On The Support level 

Cosmos
  • The coin is trading at $11.78 around 13.89% down from the yesterday level 
  • The coin is showing some reversal from the support zone 
  • The coin is trading at 0.0003631 around 11.70% down with respect to Bitcoin and 0.00606 arund 11% down with respect to Ethereum
Tradingview

The Cosmos is the project which is developed to to solve some of the hardest problems facing in block chain. The founders of Cosmos are  ae Kwon, Zarko Milosevic and Ethan Buchman. They found the coin in 2019. The coin has a market capitalization of $2,569,151,727.09 and circulating supply of 218,094,094.42 ATOM. The volume of the coin in last 24 hr is $341,245,391

Chart Analysis

On charts we see that the coin is trading sideways. The upper range of the coin is $14.78 and lower range is $10.93. The coin was trading in the channel before its fall and reached an all time high of $32.23. The coin is showing some sort of reversal from the lower range of the channel.

Major support and resistance are given below 

Indicator analysis 

Tradingview

 According to the indicator analysis, we get to know that the coin is trading below its all-moving average. The coin is facing resistance from 200 and 100 DEMA. No sign of any crossover in the coin 

RSI is trading neutral at 45.56. We can see a downtrend line in RSI but we can’t find any sort of divergence in the coin 

MACD is showing some bearish moves in the coin as the MACD line is trading very close to the Signal line and both the lines will cross each other in 1-2 days. This crossover can bring bearish momentum in the coin.

MAJOR SUPPORT AND RESISTANCE ARE AT 

S1= $10.91, S2= $8.47 AND S3= $6.651 

R1= $14.74 R2= $17.305