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ATOMBTC

CosmosI will see it in the short term. -ATOMBTC- Similar to before. The box is located between 0.0004725 and 0.0005500. If we rise above the 0.0005117 point, which is the middle point of the box section, and conversely, we will break through the box section soon. If the price falls on the box, I think it will turn downward. -ATOMUSDT- Like the ATOMBTC, it is located in the box between 3.415 and 3.661. It fell below the first uptrend line and is supported by the second uptrend line. Don't think you'll be up again this time because you've gained support at 2.944 before. If it falls below the box this time, it should be seen as a downward trend.
by readCrypto
ATOMUSDT [Watchlist] : Bullish Structure FormationThe price action for BINANCE:ATOMUSDT  (on the left side) is currently forming a bullish structure while facing a strong resistance around the 4.013 area after a first attempt on 11th-12th November which resulted in a false breakout. When looking backward, traders may notice a bullish structure formation initiated by a double bottom in September. This should attract traders' attention in a context where the market is within a bearish trend. Overview : since the double bottom on Sept 05th and Sept 24th, the price action has made higher lows (in green on the chart) along the way. After a nearly 40% correction ended in Nov 22th, the price action found buyers in the 2.6 area (last higher low). ATOMUSDT-ATOMBTC Convergence  : traders may notice a convergence by looking at the price action for BINANCE:ATOMBTC (on the right side) which demonstrates the same bullish structure noticed in the BINANCE:ATOMUSDT  price action. Risk management : given the overview, two options can be taken by traders. 1st option : traders may for a second retest of the previous support (i.e. 3.569 area) to take position. In that case, traders should place pending order along with a tight stop loss below the support. 2nd option (preferred one) : trader may wait for a breakout of the 4.013 resistance followed by a pullback to take position. In that case, an alert should be set for the crossing up of the price action. My Trading Principles :  -  Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. -  Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. -  Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade.  "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes, thanks. Best regards, You can also follow me on :  => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo
Cosmos; Temporary weakness or reversal ?ATOMBTC / Cosmos is testing 1.618 Trend based Fib Extension, and daily candlestick looks like a 'Hanging Man' Candlestick Pattern,( Bearish Reversal), but the day is not over , so we can not comment this candlestick. We can also see potential RSI Bearish Divergence. If this market is bullish, the price should reach 0.000566 . Watch the market. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
CosmosShortly after listing, we will see the short-term view. The challenge is to challenge the 0.0004725 point, where the rise and fall is just a distinction, and I expect it to settle down. If you can maintain a price between 0.0004725 and 0.0005500, There is a chance to climb to challenge the 0.0008564 point. If it falls, chances are high that it will support the 20MA. When I made a decline, I surely fell, so I think the rebound was definitely there. If support is available at 3.661, we expect to challenge the original target of 4.614. Inflection day is around December 5. You must check whether you are receiving support at 3.661.
by readCrypto
Cosmos ATOM It is located above the upward trend line and is near the 0.0004725 branch, which is a diverging point between rising and falling. If it falls, it is likely to touch the upward trend line and the 0.0004000 point. However, even 20MA could fall. It is supported at 2.944, a point that must be kept to climb. The BTC's movement could break the 2.944 spot. You should check if you can ascend to 3.415, a safe point. ----------------- Due to the plunge in BTC, the chart on the BTC market is very different from the USDT and USD charts. In this case, I think you should trade with reference to BTC market. As it is located in a good spot, if the price of BTC is calm, it is expected to rise further (0.0007055).
by readCrypto
Cosmos (ATOM): The Test for the Alt UniverseCosmos (ATOM) is one of the favorite fundamental plays for the Token Metrics team. Cosmos was the first alt to break the pattern of pumping on a bear market rally and then failing. When Cosmos (ATOM) went up, it consolidated and then went higher in a stair step fashion. Next comes the big test for Cosmos (ATOM). Specifically, we want to see if Cosmos (ATOM) can hold a big technical point after a sharp dip both in ATOM and the overall market. Cosmos (ATOM) has made a return move to its "previous 4th" level. The previous 4th is Elliot Wave jargon for the point where the final leg of the bear market started. Following wave theory, the fact that Cosmos (ATOM) burst through this level is very bullish. We would love to see if Cosmos (ATOM) finds support at this level to confirm what the theory tells us. We also noticed that 4230 is the location of a high volume zone and the 21-day moving average. Both of these zones can act as support. Bottom Line : We like buying the dip in Cosmos (ATOM) at these levels. Risk reward is good for traders near 4230. We hope that Bitcoin (BTC) stabilizes and that allows alts to continue their up move.
by tokenmetrics
ATOM/BTC trade idea (Bullish)Hello everyone, today I'm sharing with you my ATOM/BTC idea. First of all, I'm quite bullish on Cosmos on the long term. According to me its fundamentals are strong, but for now let's stick to my short-term idea: - ATOM/BTC is ranging inside an ascending channel (bearish pattern) - We can expect a retracement in the coming days. - This retracement should be a nice entry;here's why: * Fibonacci 61.8 * quite a big liquidity zone Good probability to bounce from here. Entry ~ 4055 - 3820 TP 5040 SL 3190 A very simple setup Have a nice day!
by Snowshine