Cosmos (#ATOM) High-Timeframe Technical Analysis: Potential +590% Gain

Cosmos (#ATOM) High-Timeframe Technical Analysis: Potential +590% Gain

Cosmos (#ATOM) is currently forming a Power of 3 setup on the monthly timeframe. This pattern includes three phases: accumulation, manipulation, and distribution, which often highlight significant market moves.

Current Market Structure

1. Accumulation Phase

The price initially moved sideways within an accumulation zone, building liquidity. This phase allowed large players (smart money) to quietly accumulate positions without causing significant price movement.

2. Manipulation Phase

Next, the price broke below the accumulation zone, dropping to the $4.230 level, where it targeted sell-side liquidity. This move caused a shakeout, trapping sellers who expected further downside. This liquidity grab is a common tactic before a major trend reversal.

Expected Move: Distribution Phase

After securing liquidity at the lows, #ATOM is now positioned for a move upwards into the distribution phase, targeting the all-time high of $44.800. If this move plays out, it would result in a massive +590% gain from the current price levels.

Key Levels to Watch

Sell-side liquidity zone: $4.230 (support and liquidity grab area)

Target: $44.800 (all-time high level)

Summary

Cosmos (#ATOM) is showing a strong high-timeframe bullish setup, with the potential to deliver significant gains. This Power of 3 pattern is a classic sign of smart money manipulation and could lead to a sharp rally in the coming months.

Keep an eye on price action near key levels, and manage risk effectively. Follow for more technical insights and market updates.

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