Atomanalysis
Cosmos Bullish Divergence1D tf ATOM Looks like we would a short term bullish trend in the next few days. Possible TP1 at 29.68 (0.382 Fib Line) TP2 at 32.61 (0.5 Fib Line).
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Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable.
READ THIS NOTE!!
Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
ATOM/USD Developing the Space of Cosmos - 1 month ChartThis is a real time from the beginning demonstration of me developing a chart. I start with the whole being and whichever time frame houses it well. Here it was 1 month. I normally do this while watching the news or listening to NPR or BBC live stations. Here I am listening to the live Miami Bitcoin Conference.
ATOM/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ATOM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ATOM/USDT inverse head and shoulder pattern confirm and retest confirm and market pump CMP and entry zone
Entry:-CMP AND GREEN ZONE BUY
Target:- 30% to 40%
Stop loss:- 25.70
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ATOM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ATOM/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP AND GREEN ZONE BUY and long term hold
Target:- 30% to 40%
Stop loss:- 25.70
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM/BTC 30M UPDATEWelcome to this quick ATOM /BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- ATOM/ BTC Triangle pattern create to buy the dip and retest green zone
Entry:- buy green zone
Traget:- 20% to 25%
Stop loss:- 0.0008377
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM managed to get out of the triangle
Hi my friends.
ATOM managed to get out of the triangle, can it break the downtrend line ???
This is a question that I would love to say yes, but it is still too early and we have to wait
In my opinion, if the trend can reach dynamic resistance with high momentum, it can be broken.
And if not, we have to see how powerful the bears are up there!
******Appropriate entry points for supports and resistances according to the chart*******
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ATOM - 12h - How much can you grow?Today we will talk about ATOM, one of the most stable cryptocurrencies in the long term. Will the ATOM price be able to gain a foothold above the previous all-time high? What are the prospects for continued growth from current prices? Why is there a very high chance of a collaps e of the ATOM market now? We will talk about all this in this idea.
We'll start with the weekly ATOM chart.
On it, you can see a clear growth trend that buyers organized from March 20, 2020. Pay attention to the local highs of this growth channel. Of course, the way the ATOM market reversed was different. When the cryptocurrency market was weaker, the reversal was sharp. In the case of insane market growth in early 2021, the market reversal lasted a little longer and was implemented through an ATOM sell-off in consolidation at the highs. However, the common feature of each ATOM reversal is the highest trading volumes at the local highs.
If you pay attention to the current weekly candles, you can see the largest trading volumes in the history of ATOM. At the same time, the price renewed its maximum and stopped.
If you go down to a smaller timeframe , you can see a local pivot point for buyers, from which you can plan to continue the local growth wave:
We have highlighted the $32.57 mark on the chart. Please note that this mark was first broken up by buyers on large volumes. Now all attempts of sellers to regain this mark under their control end in false breakouts.
Therefore, for the local continuation of the growth of the ATOM price without stopping in time, buyers should hold this mark in the event of a potential downward wave. In this case, after a short consolidation, we will expect the ATOM to continue to grow with a target of $59.
If the level of $32.57 is broken downwards, the last chance of buyers to continue growth will be in the range of $27-28 . However, in this case, buyers will show weakness, allowing a deep correction at the highs with large volumes. In this case, we would wait for a local price bounce upwards and close our positions.
The fact that a reversal process may begin on the ATOM market is also evidenced by the chart of the ATOMBTC pair.
Please note that the breakout of the black channel, in which the ATOMBTC price was trading from September 2019, took place on large volumes. However, it’s not easy for buyers to keep pushing the price up. In this case, we expect a minimum correction in the range of 0.000667-0.0007. In this case, it will be possible to talk about the acceleration of the trend. In the meantime, it is worth letting ATOM calm down a little and feel the foundation under your feet.
ATOM COSMOS if you are lucky enough hi, around 1 week ago i gave the idea of atomusdt. I explain it that you should take the positions after breakout and retest and it was around 23-24 and then it touches to ATH 30
Now as i am expecting a BTC to retrace back to 41-42 considered to be the final correction then there is the possibility that you can get the chance to get in around 23-24 area currently there is no point to take entry in that i will wait for it to get into my zone otherwise I will look for other options
I am always be a believer of riskfree trades
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Comment below if your want fancy charts with a lot of drawings that are pleasant to eye may be they don't worth it just look cool . i usually remove all my drawings to keep it simple so that you can clearly understand the idea