BRIEFING Week #8 : Risk-Off move this weekHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM
BRIEFING Week #7 : Whatch Out for the DollarHere's your weekly update ! Brought to you each weekend with years of track-record history..
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atom buy midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
ATOM's price predictionBINANCE:ATOMUSDT
ATOM can decrease cause we can see a bearish pattern.
the rising wedge is pretty visible on the chart! the break out has not happened yet but when it happens the following targets will be touched:
4.610-4.363-4.096
I've drawn the targets on the chart as well take a look!
note that the price might wanna reach the top of the wedge once again before descending!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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BREIFING Week #6 : Volatility is LyingHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM WEEKLY PART I The ATOM weekly chart is exciting. Every time the Stoch RSI oscillator is about to make a bullish cross but gets rejected, the price drops by at least 40%—this has happened the last two times.
However, the first time this fake cross occurred, the price increased by 68% before dropping by 74%.
Considering that on February 3, we saw a high-volume rejection from $3.7 (a 34% drop), I believe there is still room for the price to go lower, possibly even below $3.7.
If you flip the chart, it looks like it could reach around $3.2.
The failure of the POS (Proof of Stake) mechanismHave you noticed that many altcoin projects older than three years are bleeding to death? The total market cap of altcoins is also declining significantly.
One possible reason for this could be the failure of the Proof of Stake (PoS) mechanism.
Bitcoin was created with a deflationary system called Proof of Work (PoW), which ensures that the number of coins generated decreases over time, creating scarcity and a deflationary economy. The rewards are fixed through a public mathematical formula, allowing future supply to be anticipated. The reduction in the number of coins mined daily is called the halving, which occurs every four years for Bitcoin.
However, over the last four years, leftist and democratic political forces pushed the crypto industry to adopt a less energy-intensive system. This led to the creation of the PoS mechanism.
How PoS Works
Proof of Stake generates rewards based on the amount of cryptocurrency staked. The percentage of rewards allocated each month is determined by governance votes, which are controlled by individuals or entities meeting a certain staking threshold. This system eliminates the need for computational power to mint new coins and encourages holders to stake their tokens rather than sell them on the market.
Today, most of the top 100 Layer-1 blockchains rely on PoS. For example, the entire Cosmos ( NASDAQ:ATOM ) ecosystem uses PoS, as do projects like CRYPTOCAP:INJ , LSE:TIA , NYSE:FET , NYSE:SEI , and even $ETH.
The Problem with PoS
Unfortunately, this technology is showing its limitations, and as a result, many PoS-powered blockchains are struggling.
Key Issues:
Inflationary Nature:
PoS systems are inherently inflationary. As the number of staked tokens increases over time, the staking rewards also grow. Unlike PoW systems like Bitcoin, which create scarcity through halving events, PoS fails to do so, resulting in the opposite effect—oversupply.
Self-serving Governance:
Staking rewards are determined by governance votes cast by those who hold and stake the tokens. These participants have little incentive to vote for lower rewards, as it would reduce their income. This creates a system where whales and early adopters accumulate large amounts of tokens, benefiting from monthly rewards and becoming "retired" contributors to the ecosystem.
Bad for Retail Investors:
Retail investors suffer the most under PoS systems. The total supply of tokens increases logarithmically over time, causing the price of the coin to decline. Initially, the excitement around the project’s growth may offset this inflation, especially during the early stages of token generation events (TGEs) and favorable tokenomics. However, as staking rewards continue to mint new tokens, platforms like CoinMarketCap and CoinGecko fail to account for the rising supply, leading to hidden inflation.
Why These Projects Are Bleeding
This inflationary pressure, regardless of a project’s quality, is why many PoS projects are in decline. Holding these tokens long-term is a disastrous decision for retail investors. They are unknowingly holding coins that suffer from far higher inflation than is visible, creating a deceptive and exploitative system that slowly drains value from their holdings.
The Solution
The solution to this problem would be to remove governance-based reward decisions and implement a fixed annual reduction in staking APY (Annual Percentage Yield), similar to Bitcoin's halving mechanism. This would ensure that the supply is predictable, and coin generation becomes deflationary over time.
The Current Reality
Unfortunately, many PoS projects appear content to continue bleeding value from their coins. As a result, it’s advisable not to hold PoS projects for more than three years. The older the project, the more inflationary the PoS system becomes.
ATOM LongThis chart represents a long-term price action view of ATOM/USDT, showcasing the accumulation phase and a potential future bullish trend.
The current price action suggests that ATOM is in a period of accumulation around the $4.80 - $5.00 zone. The highlighted region in blue represents a potential area for price to push into, driven by buysid liquidity, with the expectation of a possible breakout towards the $17.20 target.
Key points:
Accumulation phase around the $4.80 - $5.00 range.
Potential bullish movement towards $17.20, driven by liquidity zones.
Key low as a critical support zone, protecting the downside.
Target levels around $17.20 for upside potential.
Always monitor the price action closely for any confirmation before executing a trade.
BRIEFING Week #5 : Still Patient...Here's your weekly update ! Brought to you each weekend with years of track-record history..
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atom shortterm buy"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
ATOM Back at Crucial Level: What Should You Do...?ATOM is currently at a significant level of 5.650, which has served as both support and resistance multiple times throughout the year. It acted as support in July 2024, as resistance at NOV 2024, and is now functioning as support again. Presently, ATOM is in a downtrend since reaching a high of 10.600. Given that it is at this support level, you might consider buying if you are interested, or you could wait for further confirmation before making a decision.
BRIEFING Week #4 : Complex Week AheadHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #3 : Peak Stupidity ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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atom sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
$ATOM (Cosmos) predictionWhat is NASDAQ:ATOM , and why am I interested in this technology?
They call themselves the "Internet of Blockchains," but in simpler terms, it's an SDK that makes it easier to create blockchains. So far, over 200 blockchains have been built using this SDK, including major players like CRYPTOCAP:INJ , LSE:TIA , and $FET.
### Why is this technology impressive?
- **Unmatched Reliability:** With over $100B worth of tokens running on its ecosystem without crashes or downtime, it’s a performance few can match, except for Ethereum.
- **Seamless Interoperability:** In a world where more and more Layer 1 blockchains are being created, NASDAQ:ATOM stands out for its ability to bridge blockchains, simplify staking, and enable smooth trading within its ecosystem—unlike blockchains that operate in isolation.
### Why hasn’t NASDAQ:ATOM performed well in 2024?
After massive pumps in 2021 and 2022, it’s still in a recovery phase. However, the bottom appears to be in, and the charts suggest it’s gearing up for a move upward.
I’ve marked a green box where I believe you can safely load up for a long position.
DYOR!
BRIEFING Week #2 : Beware of the long term TopHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM LongThe price has recently reclaimed a key level around $7.349, which now serves as a strong level of support.
A demand zone is marked on the chart around the $6.596 level, where previous price action suggests strong buying interest.
The current market structure shows a possible continuation upward after reclaiming the key level, suggesting a move toward higher targets.
The "Buyside Liquidity" area, indicated near $9.352, is the next significant target where the price might aim after breaking above the current resistance.
atom sell "🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
#ATOM (SPOT) IN ( 6.000- 7.600) T.(26.000) SL(5.830)BINANCE:ATOMUSDT
#ATOM / USDT
Entry ( 6.000- 7.600)
SL 1D close below 5.830
T1 12.000
T2 17.000
T3 22.000
T4 26.000
______________________________________________________________
Golden Advices.
********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
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