Cosmos (ATOM) Buy ZoneCosmos (ATOM) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : High
Cosmos is showing signs of strength paired to both USDT and BTC. Laddering orders all the way down to entry zone.
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$ATOM/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 24.25 - 24.75
TP 1 : 25.3
TP 2 : 25.9
TP 3 : 26.75
TP 4 : 26.25
TP 5 : 28.12
TP 6 : 29
TP 7 : 30.3
TP 8 : 32
Stop Loss : 23.5
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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ATOM
ATOM⚛️ triangle breakout 2Cosmos broke up this triangle📐 and I think there is chance for run to 52.9 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 31.7
STOPLOSS (SL) : local low @ 27.7
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 52.9
REWARD RISK RATIO (RRR) : 5.3
INVALIDATION : when SL level hit
ETH should be stronger than BTC , so ALTs should be good to go:
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ATOM M PATTERN FORMINGIn a monthly chart we already finished 1-5 Elliot wave, on a weekly ABC correction. going trough lower time frames we saw market starting to form M Pattern in 1h time frame. right now market started consolidating in a 50% fib and institutional zone and since we saw ABC correction we should see bounce to the top of M pattern and after that retrace back to the bottom.
Entry: We can enter now 30.63 or wait for a retracement to a buy zone at 30.
Invalidation: 29.5 (Just below buy zone)
Target 1: 33 (Top of M pattern, and a sell zone indicated by institutional candle)
My BTC TA starting from the monthly to 1 hour timeframesStarting with the monthly we can notice an inside bar that needs to be broken between 48260 and 37210.
We are creating support over the 21 and 8 weekly moving averages as well.
If BTC can break 48260 we can go test the Control Point around 52k.
And that will be the most decisive price action move we need to trend upwards and maybe have an extended cycle if not a triple top.
All has to be unfolded yet, but if the markets and the dollar allows, BTC will skyrocket with it.
Long - COSMOS ATOM MACD Divergence on WEEKLY Timeline We had a bullish divergence in the weekly time frame on the MACD indicator. Last time this happened we had a 300% bullish run.
Following the current trend-line, ATOM might be able to break through the short and long-term resistance levels.
I personally think ATOM - COSMOS is a good project in the crypto scene and one that is currently undervalued. I would put the future worth of cosmos - atom somewhere in the thousands near the early days of bitcoin ($2500+).
I don't know if this will play out but I do love the idea and thought it was interesting. Please feel too judge this analysis yourselves and let me know what you think in the comment section below.
Atom - Gonna shoot up to heaven "Gonna shoot up to heaven" - Yup - I used the corniest title possible..
Of course if BTC takes a dive (better put - When btc takes a dive) Atom will as well. However using classic technical analysis \ Harmonic Patterns - would put Atom price action somewhere in the realm of 0.618 - 0.944
Fibonacci expansion. If I trade this for if anyone would consider trading this, it definitely would be a swing trade that would take a minimum of two weeks I estimate. With a very liberal stoploss
Good luck everybody