ATOM/BTC buy opportunityHi followers,
ATOMBTC may be ready for another attempt to retest the highs.
The pair bounced off the support area, already forming a higher low, and now retesting this area again.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
ATOMBTC
Atom USDGood evening everyone!
Atom has formed a descending wedge pattern with a possible sign of a clear breakout.
- Watch for price action to retest the 23.6% fib. This could be a good buying opportunity.
- If the 23.6% fib is lost look for a double bottom closer to $30 for an even better buying opportunity.
- When the breakout is confirmed, look for a TP near the 78.6% Fib.
Good luck!
ATOM/USD - Getting ready for a breakout! Can we pump? ✈ATOM is approaching the end of this structure which is likely to break up. The indicators on MACD and RSI are both curving up and the volume looks keen to explode on any break.
The first target for such a break is $38 and then the all-time high.
If for any reason we fail to break, then the support at $26 is the next level to keep eyes on. Right now ATOM does a good just holding above our current support at $32.
Considering BTC is about to break its ATH (see my idea below), the whole market is likely to turn bullish again, soon.
Good to consider a position into ATOM on any break above this trendline acting as resistance. Bias is bullish, but a break of resistance is needed to confirm it.
Like and follow if you liked this idea!
ATOMUSDT , Trend coin in these days ...Hello guys
One the most trend coin in crypto market because of the news and the technical of it
In here , After a long time correction we are in sensitive area for take decision that where the market want to go
We have 2 scenario that market can do , We can say the trend is upward because in the past we have a key , but because of the compresion the price these days we should have a little correction and after that we can break the long term trend line and we can the long position and buy until the first target reach , but the second scenario that have the lower chance to happen is the that price is fall down and juggling with the sensitive zone and after a little upward price cant hold the price and fall down until that main support zone , we will try to update and publish it but remember these 2 scenario
Dont forget use stop loss and attention to money management
Good Luck
Abtin
ATOM - Breakout coming?Finally started getting into the Cosmos ecosystem. Been so caught up with Sol, Avax, Ftm that I neglected this one. Better late than never though and this chart looks ready for breakout.
If BTC behaves, I'd expect ATOM to do well in the coming days and weeks. Fundamentals seem very strong, although I've still have a lot to learn about the different projects and how it works.
#COSMOS is ready to make new ATH#ATOM in it's #USDT pair after retesting its static and dynamic support at 30 bucks , start running to resistance at the $38 .
If #ATOM breakout the resistance, the next targets are $ 41 and $ 44, otherwise, after a correction up to the range of 33 bucks, it will be pumped back to its resistance.
Targets : 39 - 40 - 49 - 53
Wyckoff Accumulation Schematic #2 - Template - ATOM/BTCAmazing example of a Trading Range following Wyckoff Schematic #2.
In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases rapidly.
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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com
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See my last Bitcoin Wyckoff Accumulation chart (Schematic #1):
$ATOMCosmos, a decentralized, peer-to-peer network that enables data exchanges between blockchains, was the front runner, as its atom token gained 23% on Thursday to stand at $40.38 at 06:13 a.m. ET.
ATOM was one of the biggest gainers in the overall cryptocurrency market strengthening by nearly 24% as investors cheered the news of China’s Evergrande committing to pay off its debt, and enjoying the support of interesting fundamental developments.
At the time of writing, ATOM/USD is trading around $39.82.
One of the key factors driving up the price of ATOM is the increased trading activity among investors.
There’s a steady uptick in Cosmos’s trading volume over the past one month and a corresponding increase in its price, barring the slight dip earlier this week when the overall mood in the crypto market had turned bearish.
For me, I’ve personally been piling in quite a lot of cash over the past couple weeks.
When we move from the fundamentals to the technical side of things you can see ATOM has formed a huge cup on the daily with price recently break above all time highs and then retest price to see if previous highs will act as support.
This is something you should keep on your watchlist.
I’m bullish.
- Factor Four
ATOM still one of the best coins out thereA few weeks ago I shared an idea before ATOM started booming.
''ATOMUSDT had a very nice pullback back to the previous ATHs and has now reclaimed a key support level . Support turned into resistance and back into support. When Cosmos launched it had a nice big correction vs USD & BTC which was needed as the project launched with a huge ROI as it was at least 2 years in the making while many other projects launched much sooner. That meant there was a lot of potential selling pressure, but now that seems to be gone.
Not only that, but ATOMBTC is looking like a huge accumulation and ATOM is one of the few high profile and important projects out there that haven't had a big pump yet. In my opinion that time is coming or is already here.
Initially I'd expect it to find some resistance near its ATHs and then slowly break them and go significantly higher.''
Cosmos has now broken its ATHs, retested its previous key highs several times and now vs BTC is essentially at ATHs. Yes on some shady exchanges, OTC trades before launch as some odd but usual spikes when it launched, it did trade between 0.0009-0.0021. However the key thing is that it has kept pushing higher vs BTC while many other coins have been doing very poorly vs USD and BTC. I've talked about ATOM a lot on twitter too so I haven't put out too many updates here as I have already shared it, but now that it has completed this key breakout and is consolidating at this level I have to talk about it again.
To me the story about ATOM isn't just the price, but the narrative behind it. In a multi blockchain world, a blockchain to connect them all is definitely something special. At least this is currently the narrative and is dominating the space, as more and more layer 1 and layer 2 protocols are pumping. Cosmos is only at 11B Market cap and it has tremendous potential as most of the supply is being staked and a lot of cool features are coming, while it is one of the blockchains that still hasn't had a blow off top or some sort of extreme pump.