ATOMBTC
ATOM/BTC TA Update (Bull Market?)ATOM/BTC
ATOM is on a strong uptrend with a series of Higher Highs and Higher Lows. Yesterday, it officially entered a Bull market after the 50 Day MA and 200 Day MA cross up.
If ATOM can find new support and build a new Higher Low between 4800 sats, a strong leg up is expected to reach the 0.618 Fib resistance.
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.
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,
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ATOM/BTC (Up to 86% Profit Target)ATOM/BTC
Market structure is going up so we must trade
with the stronger dominant trend which is Bullish.
Highlighted below is the potential strong support
or next Higher Low to be established.
Trade setup
Buy area: 4000 Sats - 3600 Sats
Sell target: 5000 Sats - 7000 Sats
Stop loss: 3030 Sats
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t.me
CosmosI will see it in the short term.
You should check if you can continue to receive support at 0.0005117.
You should check if you can break the 0.0005500 point.
It is expected to challenge the 3.900 point.
Check if you can break through.
Be cautious in trading as the 200MA may act as a resistance.
If it falls from 3.900, check if it can support support at 3.661 and 20MA.
If you hit the 3.900 point, you should check your flow for a day or two.
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.
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.
$ATOM, Crossed over ~47k sats resistance level...$ATOM
Crossed over ~47k sats resistance level after BTC (potential) bottom
Waiting to see interaction with this level for a R/S flip as an entry for a position with 1st target at ~51k (11%)
Volume increasing & UCTS starting to show buy signals across multiple TFs
#ATOM
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).
ATOM BTC Entering daily demandAtom has been playing out perfectly as per our prediction during the past month and hit the bearish orderblock as predicted which caused a rejection.
Breakdown from market structure and a failed retest from below, brought a recent retracement to the price. We expect it to hit the demand zone block soon, where we find a good opportunity to long it before the next spike up!
Enjoy!
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.
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!
$ATOM, Retesting ~46k sats after the cross 2 days ago$ATOM
Retesting ~46k sats after the cross 2 days ago
Hodling this level is key in order aim for higher targets
If lost then it should go back to ~40k sats so manage your bags accordingly
UCTS sell signals on LFTs but this could be just for the retest, HTF still on buy
#ATOM
$ATOM, Crossing over ~40k sats resistance level with volume$ATOM
Crossing over ~40k sats resistance level with slowly increasing volume
Waiting for a flip in order to take a position w/ target at ~46k sats(14%)
RSI at overbought
UCTS indicator Buy signals on 1D & lower TFs
On the 12H golden cross (50/200) about to happen...
#ATOM
Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience.
I have to do a few clicks and everything is managed automatically by the platform..
Thanks
Cosmos (ATOM) Ascending Triangle | Next Target At 60%+Cosmos (ATOMBTC) continues to grow since our last analysis on the 12-Sept.
After seeing the strong breakout, we knew additional bullish action would follow... Take a look at it here:
Now, what happens next?
Right now we are looking at the classic "ascending triangle" which is a bullish pattern.
In this setup, the bullish signals are just too many to mention. We are seeing a bullish cross of EMA10 and EMA100. As well as a bullish cross on the MACD.
The RSI is super strong and volume is now starting to come in in favor of the bulls.
Today is Monday and we are seeing many altcoins move above resistance as well as Bitcoin going green... A good start for the week... Make sure to hit like and follow me.
Namaste.