ATOM: Bullish Momentum | go longBINANCE:ATOMUSD | Buy Entry executed on daily chart. Daily Anchored VWAP support found at $7.28 and also it is 50% Fib retracement area as well.
Note: Green Yellow Candle. It is a Buy Signal triggered on daily candle close. Following candle is confirmation candle. As it broke the high of Green Yellow Candle entered long with stop loss. Focus on risk management. Don't let your winning position into loss.
Atomanalysis
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ATOMUSDT.1DBased on the technical analysis of the ATOM/USDT daily chart provided, here’s a detailed and professional first-person analysis in English:
Upon examining the ATOM/USDT daily chart, several key technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cosmos (ATOM)
has experienced significant volatility, with the current price around 8.692 USD. The price is currently in a consolidative phase, attempting to break above the immediate resistance level marked as R1, around 10.924 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 13.110 USD. The overall trend appears to have an upward bias supported by a rising trend line (S1), indicating increasing buying pressure.
Support Levels:
On the downside, the primary support level is identified as S1 at 6.029 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is at 6.158 USD, which has also been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 45.68, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a slight bullish trend, with the MACD line (blue) slightly above the signal line (orange)
and the histogram indicating positive momentum. This suggests that bullish momentum is currently building.
Volume Analysis:
The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests balanced participation from both buyers and sellers, contributing to the current consolidation phase.
Conclusion:
In conclusion, the ATOM/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 6.029 USD and the resistance levels at 10.924 USD and 13.110 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines.
Overall, the market sentiment for ATOM remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
Atom 24 % Pump Or 16 % Dump... ?!The ATOM bullish trendline is about to break.
Short trade possibility:
Entry point: After breaking the bullish trendline and the $10.72 range
Profit targets:
$10.25
$9.68
$8.98
Long trade possibility:
Entry point: Above the $11.40 range
Profit targets:
$12.58
$14.14
Important notes:
This analysis is for informational purposes only and should not be considered as investment advice.
Do your own research and use a proper risk management strategy before any trade.
The cryptocurrency market can be highly volatile, so trade with caution and awareness of the risks.
ATOMUSDT.1DBased on the provided market data, ATOM/USDT is currently trading at 13.683. It's within a moderate bullish trend on the 4-hour chart (Rsi4h: 60.12, Macd4h: 0.103) and showing strong bullish signals on the daily and 7-day timeframe (Rsi1d: 68.44, Macd1d: 0.909, Rsi7d: 69.88, Macd7d: 0.863).
On the 4-hour chart, the pair is trading close to its first resistance level at 13.901. If it breaks above this level, the next resistance is at 14.582, followed by 15.395. On the downside, the immediate support levels are at 13.401, 12.650, and 12.289.
On the daily and 7-day charts, the pair has strong resistance at 14.535 and 15.500 respectively, followed by 15.940 and 17.184. The support levels are 11.917 and 10.345 for the 1-day and 7-day charts, respectively.
In terms of Bollinger Bands (Bb), the pair is trading below the 4-hour, daily, and 7-day upper bands, indicating that it is not overbought in these timeframes.
In conclusion, ATOM/USDT shows a bullish trend in the short and medium term. However, as the RSI is above 60 on all the mentioned timeframes, it indicates that the pair could be heading towards the overbought territory, which could lead to a potential price correction. Investors should keep an eye on the resistance levels and RSI to watch for potential breakout or reversal signs. As always, it's important to consider other market factors and your personal risk tolerance when making investment decisions.
🚀📈 ATOM Overnight Rally Update 🌐💹📊 Overnight Rally:
ATOM has surged almost 11%, moving from the $9.50 support to the current resistance at $10.50.
🔄 BTC Influence:
Monitoring BTC, and if it trends sideways, altcoins like ATOM may continue their rally.
📈 Potential Breakthrough:
If ATOM breaks the $10.50 resistance, there's a possibility of testing the $12.00 - $13.00 resistance area.
📅 Key Date:
Daily descending resistance line from September 2022 intersects in the $12.00 - $13.00 resistance area.
📈 Massive Surge Potential:
A breakthrough in that area could lead to a massive surge for ATOM.
📣 Conclusion:
ATOM's recent rally signals positive momentum.
BTC's influence and the $10.50 resistance break could lead to further gains.
The $12.00 - $13.00 area, marked by a daily descending resistance line, holds significance for potential future movements.
#ATOMUpdate #CryptoRally #MarketWatch
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 ?
Cosmos: Roll up your sleeves… 👏… and get to work! From the low of wave ii in magenta, Cosmos has already started a strong upwards movement, but there is still much to be done. We expect the altcoin to make it above the resistance at $15.81 to complete wave iii in magenta, whose top should be developed around $25. However, there is a 42% chance that Cosmos could lose its strength and drop below the support at $5.54 instead. In that case, we would reckon with the new low of wave alt.II in white first before a sustainable ascent can begin.
ATOM COSMOS 4 Hour Chart Analysis Hello to all out there and good day!
Here we have ATOM COSMOS on the 4-Hour Chart setup.
We have this Chanel that ATOM has been trading in and may be at the top as it has tried # 3 times to BREAK this upward channel but failed.
ATOM must hold the 12.80 SUPPORT ZONE if the COIN wants to move to the upside.
The NEXT BULLISH Targets to look out for will be the 13.7 -14.11 LVL AND THEN 14.61 - 15.15 AREAS.
NOW FOR THE BEARISH Scenario.
IF ATOM loses the 12.8 LVL of SUPPORT We might see it go back and test the 12.1 -10. 0 LVLS .
I will update you as time unfolds! Thanks for looking::)
Cosmos ATOM will find it’s bottom at this level!Hello, my friends!
As I told you many times all cryptomarket will show us the last stage of the bear market. ATOM is not the exception. Cosmos is a funamentally strong project and if you believe in it’s bright future I will share with you the price levels where I am going to purchase it.
ATOMUSDT has the clear Elliott waves structure. Waves 1, 2 and 3 have been printed. Wave 4, as I consider has been also finished at $17 and I don’t think that the price will reach this level only in the next bull run. This price level perfectly coincides with the 0.38 Fibonacci retracement. This is an ordinary wave’s 4 target.
Now ATOM is in wave 5, but where is the final bottom target. I have some difficulties with it’s defining using trading chaos approach, because it has the negative value. In this case I use the liquidity collection approach. I can see the greatest liquidity pool at the $3-$3.3 area. I suppose that price with 90% probability reach this levels. We should see the divergence on the Awesome Oscillator on the 3D time frame to make sure that the bear market is finished. Let’s see what will happen!
Best regards, Ivan
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ATOM SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the ATOM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ATOM SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT theA TOM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Cosmos: ComebackCosmos has come back below the green strip between $12.75 and $12.17 and should be very careful now, as there isn’t much room left until the support at $11.54. There already is a 40% chance that the altcoin could drop below this mark, which would then trigger further descent. However, as long as Cosmos abides above $11.54, we still primarily expect it to get its act together and to develop strong upwards momentum. Thus, Cosmos should be able to rise above the resistance at $16.96, heading for the green zone between $22.38 and $25.88.
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.
ATOMUSDT 3D Good growth prospect for medium and long-term tradesIt can be assumed that for the last 2.5 years the ATOMUSDT price has been moving up through a large channel.
Now the liquidity zone $20-25 acts as a magnet for ATOMUSD price growth, it is possible that the price will be able to reach there in this wave of growth.
"The sweet" buying zone for medium and long-term positions is around $10 per Atom
In general, the Cosmos Atom token price showed a very good 200% rebound from the bottom of July 2022 among liquid coins
This fact indicates that "buyers with money" believe in the future growth of the ATOMUSDT price.
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