ATOM
Cosmos a.k.a. ATOM - 1 Month Ahead Trading Idea - 21 May 2022COINBASE:ATOMUSD in the past 50 days made a big decline of over 75% and its a good moment for accumulation in the short-medium term time frame. Good news coming out for the ATOM ecosystem and a potential upside of 100% is very likely to happen even in 1 month period.
What is the supported thesis technically for the expected scenario on ATOM?
- There are big liquidation holes to be filled upside and the first strong resistance is at $22.00 per coin
- The MACD indicator hits low points and soon will start its explosive on the upside
- Wedge concentrate price action and soon will break out with huge price action
- Breaking of downside dynamic trendline should be a reality in the beginning of June
If you have any questions related to this trading idea I will be happy to provide you with answers.
COSMOS-Bull trend with a pauseHello everyone
As you can see ATOMUSDT did pretty good in the last 2 days and made a bull channel for us.
In 4 hours chart we have a good amount of buy volume on 11.5$, but considering the body of the bear bars in the trend which starting to get bigger, we might get some down trend like couple of bars before.Knowing that the price been in a trading range in the past 9-10 days between 10$-12.25$ , I prefer to take sell signals right here for about 4-5 bars.I mean we don't know if this will be a break out or not(3ed times the charm).
the support levels are 11$ & 10$ and the resistance levels are 12.25$ & 13$.
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ATOM/USDT - Short ScenarioHello Traders!
After long price distribution in the range of $22.00 - $44.00 ATOM passed to the falling phase.
In case of continuation of descending dynamics of market movement it is possible to expect the further movement of price of assets to the following levels of support.
For medium-term purchases at the moment there are no comfortable prices. It is better to begin the set of assets after decrease in the price to a zone of interest of buyers $4.50 - $6.35. It is best to place buy orders near the support level of $4.50, it can be price values of $4.20 - $5.00.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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ATOM Recovery Atom look like it pulled back from low of $8 we and up already we may see bullish in a few weeks. This coin will let you get a 5%+ APY on some of the exchanges. This one have not change since. This coin have High potential for it to recover back to $40. RSI way over sold in the 3 day time frame. Resistant in at the $10. The market is making a recover after fear.
BTC is likely testing 28-31k zone again, will it go straight?Under the macro circumstances of the markets we all know how risky it could get if the dollar keeps breaking higher highs.
The time to buy is close as well, but first we need more panic in the markets.
If you want to short I would wait for BTC to retest 38k before opening a position,
but it could just dump taking away the opportunity to scape for traders. I am keeping my short position for now but I am already
putting a stop loss over 38k.
Please leave your comments and feedback, I trade since 2014, and in all those years kept studying, taking courses and learning here on
Tradinview by publishing my analysis as well as seeing other professionals analysis. Feedback is always welcome. Have a good one.
The market is protecting ETH, and it´s over the 8 and 21 weekly Just pointing out how strong ETH is behaving against BTC,
bulls are strong not allowing it to loose value against BTC even in the harsh moments.
ETH.USD is not in a bull trend but if you think about ETH.BTC we are setting up for a jump,
let´s see how real that movement is if BTC dumps hard.
Just to understand how ETH is a great investment to dollar cost average just like BTC.
The dollar just broke the triangle and is probably going to testThe dollar just broke the triangle and is probably going to test the 100 support.
So, I am expecting a pull back for now, with high chance of further downtrend.
Please leave your comments and ideas, also check my past ideas below.
Good trading!