Cosmos resumes the uptrend above $5.00 after holding firmly to the support at $4.80. ATOM /USD has the potential to push gains further based on the improving technical picture. Cosmos recently suffered a breakdown after hitting a barrier at $5.80. The hurdle cut short the mission of overcoming the resistance at $6.00 and launching the next phase of the journey to $10.00. The declines occurred within a falling wedge pattern but Cosmos held firmly to the support established at $4.80. A reversal from the support has seen the price breakout impressively during the Asian session on Wednesday. In addition to rising above the 50 SMA resistance in the 2-hour range, the price has climbed above $5.00. At the moment, ATOM/USD is trading at $5.17 as bulls focus their energy and attention on attacking the resistance at $5.40, $5.60 and $6.00 respectively. The bullish grip is brought to light by the RSI as it moves higher above the average in the wake of the recovery from the dip to 38.29 in the same 2-hour range. The Elliot Wave Oscillator has started to print another bullish session following an extended bearish session from Sunday. Cosmos indeed has the potential to rise above the next hurdles at $5.40 and $5.60 if not $6.00. Support will continue to emanate from $5.00, the 50 SMA ($4.90) and $4.80. ATOM/USD 2-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold Price Analysis: XAU/USD drops below $1,900, eyes rising trendline support FX Street 2 years Cosmos resumes the uptrend above $5.00 after holding firmly to the support at $4.80. ATOM /USD has the potential to push gains further based on the improving technical picture. Cosmos recently suffered a breakdown after hitting a barrier at $5.80. The hurdle cut short the mission of overcoming the resistance at $6.00 and launching the next phase of the journey to $10.00. The declines occurred within a falling wedge pattern but Cosmos held firmly to the support established at $4.80. A reversal from the support has seen the price breakout impressively during the Asian session on Wednesday. In addition to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.