ATOM
BRIEFING Week #38 : Merged, 4Witches & FED aheadHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Perfect possible Double Top into the Cosmo?ATOM/USD
Bearish Case
- Double Top can be seen (white line)
- 1hr and 8hr RSI shows a exaggerated bearish divergence
- BTC is retracing, eventually ATOM will follow to in this bear market
Target Zone
- $13.41 (neck line of the bottom of double top)
- $12.81 (0.618 fib retrace)
- $11.60 (0.5 fib retrace & start of double top)
Bullish Case
- May break higher 8hr Histogram showing reversal
Thoughts?
Classic 10x While HEDGED''Oh Professor, I am a directional trader, I don't make money when I blend my positions. Hedging doesn't work for me''
Well, once again, I can assure you that hedging does work.
Many charts and many tokens, some will rise and some will fall.
In a market that changes direction in seconds you probably want to reconsider..
My message to my Turkish brother, while having some coffee. Also my message to you too.
One Love,
The FXPROFESSOR
Ps. i have bad weeks and i have good weeks, i have bad days and months and good days and months but at the end of the day i enjoy trading without stress. Get rid of people and things that stress you out, trade as a GAME first and with money you can play with and use your real buying power to selct good SPOT and accumulate between now and 2024-2025. Just my humble opinion, you are on Tradingview where we supposed to all be logical, grown ups. You look, you listen or you post and you always decide what YOU will do with YOUR money.
ATOM IDEA GOES AS NEUTRAL SINCE IT'S CLOSE TO TAKE PROFIT LEVEL AT 17,34$
DAY 11: #ATOMUSDT (#SHORT)More trading signals and their results, in my channel, link in the description
DAY 11: #ATOMUSDT (#SHORT)
2% of the deposit
Margin: isolated
⚖️Leverage: x10-20
🗝Entry point: 17.050-17.190
🎯target 1 - 15.628
🎯target 2 - 14.999
🎯target 3 - 14.151
🎯target 4 - 13.258
🎯target 5 - 12.342
❌stoploss: 17.611
DAY 6: #ATOMUSDT (#SHORT)
More trading signals and their results, in my channel, link in the description
**ATOM short - Blowoff top incoming***Short potential scalp ~10%
Potential blow-off top forming
OI increasing rapidly whilst price growth slowing, approaching a key resistance.
Possible flip resistance for final push then down or fail at resistance and down.
TP#1 around green line.
Confirmation depends on your risk profile. I have scaled shorts at key overheads.
Invalidation again depends on risk appetite.
Games of Capital Rotation, example with $ATOM and $AXS$AXS was a coin that hit peak hype and coincidentally has some of the worst tokenomics. $ATOM on the other hand _might_ be forming to be a winner in the next cycle. Simple pair trade, shorting the past hype, longing the future hype and avoiding the crab bites. Similar to SAMA Long below ( + $SOL , $MANA)
ATOM.Usdt (Y22.P3.Video2).Rising wedge and inverted BAR scenarioHi All,
I look at a few scenarios that could work out great to short and long but we need some clues and hence confirmation to be able to do this.
If you have the skills, you will find a good entrance to short and then long.
This by the way could be a great introduction to some technical skills for reading the charts.
Please give me a like and share.
All the best,
S.SAri
The Market Has Spoken - "Liquid Staking" is the FutureFollowing this week's inflation report and the much-anticipated "The Merge" on Ethereum's ecosystem, the crypto markets took a massive dip - in particular, ETH itself. This is the classic "buy the rumor, sell the news" pattern as the hype towards the merge date neared, then the massive-selloff right after.
But not all coins were in the red - COSMOS (ATOM) did very well this week, and showed a very strong decoupling pattern from the rest of the pack. Why? Because they currently offer the best staking rewards (15%+!) out there, beating both the banks and its competitors by a very large margin. If you wanted to sell ETH but stay in crypto, it was the most obvious option to go with, at least on paper.
ETH2 has the problem of being illiquid (there is no set date for when you can withdraw your funds), as well as expensive - which will likely lead to the coin struggling over the long-term as coins that offer low-fee liquid staking (ADA, XTZ, DOT, MATIC, AVAX, etc.) has had a much longer time. ETH2 "final form" isn't likely to happen any time soon (some say as long as 6 years) so they are currently behind the curve of industry standards, not ahead. Whether they can catch up to the rest is yet to be seen.
Now that ETH has de-coupled itself from proof-of-work, we're going to start to see public attention towards different aspects of Web3 and DeFi - and staking rewards is likely to be the talk of the town, especially as we go further into the recession.
ATOMUSD Altcoin Bullish analysis againThere is clearly some type of Cup and Handle in the making
Will need to wait for the breakout.
Then LONG!
Target 1 = $17.81
I am quite a bear with most S^$t coins but ATOM at least is showing bullish momentum and signals amongst the crypto uncertain environment.
I am optimistically bullish with ATOMUSD
What other analysis would you like on 4 hours?
Trade well.
Timon
Founder, MATI Trader
Cosmos: Well begun is half done!Cosmos seems to have taken this motto to heart and is appearing at its best. The altcoin has already managed quite some altitude difference on its way upwards to the resistance at $21.54, and it should keep going. Once above this mark, Cosmos should be well-positioned for further ascent. A 40% chance remains, though, that the altcoin could lose its steam and drop below the support at $5.54. In that case, Cosmos should make a detour through the turquoise zone between $5.27 and $0 first before starting to rise anew.
Trading Signal For ATOMUSDT Cosmos Trading Setup:
A Trading Signal is seen in the ATOMUSDT Cosmos
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 13.980
⭕️SL @ 12.243
🔵TP1 @ 18.119
🔵TP2 @ 21.073
🔵TP3 @ 25.119
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
ATOM - Even in a Red Day We will get Breakouts Hi everyone,
my favorite time to brag about my good trade without showing you the bad ones. Not all my trades go like this but hey, i got 6/7 yesterday so happy today despite the 'red market', always buy and always short something is the moto.
You see, the point I want to make is that some days market will be bullish and some will be bearish but not all assets will go together. Some will rise more and some will drop more. Keep that thought, make it yours and it might help everyone do better in this crazy volatile markets.
in any case, remember that trading is first a game. A mental game you have to play with a plan... and the plan is to know it can go in either direction but the chart will offer you higher probabilities.
I made a lot of thoughts recently to show you more complicated charts, add MAs indicators, volumes etc etc.. I declines the thought and will keep it as simple and tidy as it gets.
Some people will like it, some will not but hey: I am here for those of you that like it.
One Love,
The FXPROFESSOR
PS. The same target and all these ups and downs can still make (or lose us) tons of money:
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (14.107).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 15.219
TP2= @ 16.033
TP3= @ 17.184
TP4= @ 18.921
TP5= @ 20.338
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (14.107).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 15.219
TP2= @ 16.033
TP3= @ 17.184
TP4= @ 18.921
TP5= @ 20.338
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️