Tron, Cosmos, Fantom Price Analysis: 16 January - Aliens: AI Crypto News & Markets Updates
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Tron, Cosmos, Fantom Price Analysis: 16 January

PublisherPublisher
AMB Crypto

Sun, Jan 16, 2022

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Aliens TLDR

Similarly, Tron saw overbought readings on the Bolinger bands and saw a near-term pullback.

Since then, the alt grew by nearly 13.9% and found near-term resistance at the 38.2%, 50% Fibonacci level.

Although the bulls reclaimed the vital $0.0669-mark support, the CMF did not mark higher peaks and wavered near the zero-line.

Cosmos (ATOM) After retesting the $32.5-support for over seven weeks, the bulls finally initiated a sustained inverse head and shoulder breakout on 1 January.

The alt formed an ascending broadening wedge (reversal pattern, white) on its 4-hour chart over the past month.

At press time, ATOM traded only 2.6% below its ATH at $43.48.

Fantom (FTM) The ascending broadening wedge (white) saw a break down after FTM poked its two-month high on 5 January.

Since then, the alt lost nearly 34.1% of its value to find testing grounds at the $2.22-mark.

Similar to ATOM, the CMF barely crossed the zero-line

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