1D Review ATOM/USDTI invite you to review the ATOM chart in pair to USDT on a one-day interval. Using the blue lines, we can mark the downtrend channel in which the price is moving and we can see that we are approaching the lower border of the indicated channel.
Let's start by marking the price support spots and we see that we first have a $7.05 to $6.03 support zone, however if the price goes lower we have a very strong $5.03 to $3.60 zone and then when this zone is broken, we can see a drop to the $1.77 support area.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rejected the first zone which goes from $8.39 to $9.41, when we get out of it the price has to go through the second zone from $10.24 to $11.10 and then move towards very strong resistance zone from $12.23 to $13.73.
The CHOP index indicates that there is still energy for the ongoing downward movement, we are in constant rebound on the RSI and we see that each increase gives a quick return to the lower limit of the range, while the STOCH indicator is heavily exhausted, which may give a temporary price rebound.
ATOM
Atom Analysis Run#CryptoWhale100Billion Alt Coin Analysis: Atom
My analysis shows that Atom may experience a bullish trend in the medium term. The current price is hovering around the support level of $7, and if it manages to hold this level, we can expect the price to rise to the next resistance level at $8 and potentially break out.
The RSI indicator is currently in the oversold region, indicating that Atom is [undervalued and may experience a bullish reversal soon. Additionally, the MACD indicator is showing signs of a bullish crossover, indicating that the momentum is shifting upward.
Strategy for Atom would be to buy at the current price or lower, hold on to the position, and consider adding more if the price breaks through the resistance level. If the price drops below the support level $7, it may be wise to consider buying or setting stop-loss orders.
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Below are some previous chart links I've written in the past for reference:
ATOM is Recharging the Fuel for its flight to CosmosHey there!
So I've just seen an amazing analysis of BINANCE:ATOMUSDT by the "Swallow Crypto" trading team named SwallowPremium on TradingView (I'd give you the link but my rating doesn't give me a chance yet, so just look at the linked Idea) . Shout out to you guys!
And I've found some more nuances to it I'd like to share.
The guys suppose we might be right at the Liquidity grab zone right now, and go up from here, as we've got to the same zone where we've been in June within a quick spike down and I totally agree with them. However, looking on a bigger picture, June 22' zone seems a lot more interesting for the big guys to enter, having in consideration this green indicator that shows Big Buys. We're currently facing Medium buys already, so the Fuel is slowly recharging, but it's still hard to name this zone as the Gas Station.
I will update you when the Big Guys will come in, so you can just follow me to be updated.
My guess is that we've Just been welcomed in the Entrance zone that started on 7,1 but may go deeper all the way to ˜5,8 or even ˜5,5 and will be formed within the next month or two within the tip of almost 1 year old Descending Wedge and from there we'll make a good old breakout.
However, i don't consider ATOM to be a short speculation project, so getting in by now and DCA-ing within the dips sounds cool to me.
P.S. Zooming out to the on-cycle view and considering 2023 not to be a final bottom, theoretically we currently are in the wedge inside of the wedge. If so, we will break out to ˜14,5 and go down to the Nadir... To the zones where "crypto is dead" will return back. To sub $2 ATOM.. Oh man I wonder if it's just the fantasy of the trippy mind or is it Groening mode on full send mode.
What do You think?
👁️ A.I.Vision
ATOM Ready for Upward Movement? | Cosmos Analysis Today💎Attention, Paradisers! ATOM is on the move, currently navigating within a flawless descending triangle and setting the stage for a potential bullish upswing.
💎Just days ago, ATOM adeptly engaged with the bearish Order Block (OB), established equal highs and embarked on a bearish journey to address the Bullish OB and capture buying liquidity.
💎If the price successfully breaks through the upper boundary of the triangle, it's poised to engage with the overhead supply zone. However, let's not overlook the elephant in the room—market uncertainty, which could sway the price in either direction.
💎We're bullish on the prospect of the price retesting the supply zone, thanks to lingering liquidity.
💎Keep your charts refreshed and stay tuned for more updates. Happy trading!
ATOM - Higher Timeframe Overview ✨In the 2week chart of ATOM, we can see that we're in wave 2 correction, which is an ABC wave.
We are currently in wave B, which appears to be a complex correction. Expecting subwave C of wave B to move higher to complete the correction
See next post for lower timeframe overview.
Goodluck and as always, trade safe!
ATOM - Lower Timeframe Overview ✅Here we have the 3D chart. We could possibly be in a 335 flat correction.
This would make the next wave (wave C) 5 waves.
Trade idea:
- Entry on break of red trendline
- stops below the lows after trendline break
- Targets: 14, 16, taper
Goodluck and as always, trade safe!
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ATOM is About to Start an Explosive Uptrend | ATOM/USDT Analysis💎ATOM/USDT is painting an optimistic landscape in the 1D Timeframe. A standout observation is its strategic positioning within a pivotal demand zone.
💎 There's a distinct OB and market imbalance around the $11 price point. Given the current dynamics, there's a strong inclination that ATOM might re-engage with this level soon.
💎 In the recent past, we've witnessed a transformation where demand has transitioned into supply, with ATOM carving out Equal Lows.
💎 While the overarching sentiment and indicators lean towards a positive trajectory for ATOM, the broader market's volatility remains a wildcard. It's essential to factor in this unpredictability as it could sway the outcome.
💎 Stay vigilant, and always look for real-time market shifts. The world of crypto is ever-evolving, and staying informed is the key to navigating it successfully.
ATOM ready to pump 50% above 🆓🚦📌 #dyor
Position size :: 1%
Leverage :: cross 🤞 2-5x
NASDAQ:ATOM -USDT 📌
#futuretrade :: BUY-LONG ↗️
#BUY :: $8.06 - $8.56
🎯
:: $9.9
:: $12.6
Stop 🛑 lose #SL :: $7.56
📌 always move stop lose #sl when target get reached 📌
#risk :: medium #scalping
Strong rejection at high liquid 💰 area ready to fly 🕊️💸
ATOM Looks Bullish!!Long Entry Trigger
Cosmos Has found support above a pivot low and has also swept those lows.
Buying pressure seems to have come in and it's now consolidating above support.
The most probable outcome is that the price moves a little higher from here.
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Every day the charts provide new information. You have to adjust or get REKT.
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ATOM/USDT looking bullish? 👀 🚀Cosmos Today AnalysisParadisers, turn your attention to Atom! It's poised for a bullish ascent, currently residing in a demand zone and having recently addressed the OB level👀
💎 A notable shift from demand to supply has been observed, propelling the price on a downward trajectory, leaving behind a clear imbalance and a bearish OB. Given the liquidity, it's anticipated that the price will revisit this level soon.
💎 Additionally, Atom is on the brink of crossing over the EMA 55. Should it sustain its momentum above this EMA, we could witness a substantial bullish surge.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
ATOMUSDT Trend Reversal ? At this point the whole picture is not clear and it all depends to the king then we can decide on the alt market .
But as far as the H1 chart on Crocobot says it's the perfect time to hump on a long trade . Trade WL ratio is too good to be true but hey sometimes we are at the right place in the write time ha ?
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ATOMBTC 1DSupports for ATOM/BTC are located at 0.0002800 and 0.0002433. These are the price levels where historically selling pressure has eased and demand has increased, supporting the price.
Resistances are set at 0.0003452 and 0.0003912. These are the price levels where buying pressure has eased and supply has increased, creating a barrier to the price going up.
The RSI (Relative Strength Index) is indicating that the market is highly bullish. This is a sign that the market may be overbought, which could result in a possible trend correction or reversal. However, it is important to note that markets can remain overbought or oversold for extended periods of time, and the RSI alone should not be used as a sell signal without confirmation from other indicators.
Fundamental Analysis of the ATOM/BTC pair:
Cosmos (ATOM) is a decentralized network of independent blockchains. Their vision is to allow different blockchains to communicate and interact efficiently. This could have significant implications for the scalability and interoperability of cryptocurrencies, which is a fundamental issue in the blockchain space.
With its concept of the “Internet of Blockchains”, ATOM has received a lot of interest and growth in the crypto space, indicating that it has good fundamentals. However, its performance against Bitcoin will depend on several factors, including market perception of its technological progress and adoption, as well as the overall performance of the cryptocurrency market.
Range Trend and Growth Signals at $10.6 ResistanceOver the last month, ATOM has been following a range trend, where its price has consistently reacted whenever it reaches the resistance of the downward trend line. This indicates a lack of demand in the $10.294 range. Previously, we identified a potential support zone around $8.648, which the price has not yet reached.
To anticipate potential price movements, we should pay attention to a few factors. Firstly, if the price does touch the support zone and shows a positive reaction along with signs of a trend change and positive divergence on the Relative Strength Index (RSI) in the 4-hour and 1-hour timeframes, there is a likelihood of the price increasing towards the resistance level of $10.6.
However, if the $10.6 resistance is not overcome and the price breaks below it, there could be further declines, potentially reaching the next support zone around $8. This particular support level is situated at the bottom of the second ascending channel, which might prompt a favorable positive reaction.
In the event that the price bounces back from the $8 support zone, we could expect a price growth of at least 30%.
Regarding the RSI level of ATOM at the daily timeframe, it is currently at 42. The Relative Strength Index (RSI) is a technical indicator used to assess the momentum of an asset's price. An RSI level of 42 for ATOM suggests a relatively neutral position, indicating that the cryptocurrency is not oversold or overbought at the moment. However, investors should closely monitor the RSI in conjunction with other technical signals to make more informed decisions about potential price movements.
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